The year 2004 proved to be an extremely busy and successful year for Asry, with one of its best results for some years.

Throughout the year, the yard was fully occupied with 132 vessels repaired across the entire spectrum
of vessels, ranging from a large
number of ULCCs to offshore rigs and floating docks.
Turnover on repaired vessels increased by 6.1 per cent on the previous year. Of the vessels docked during 2004, 26 were in the 70,000 to 350,000 dwt range, with 17 over 175,000 dwt, an increase of 23 per cent over the previous year, with
the remaining 93 vessels below 70,000 dwt.
A further 13 vessels undertook along side repairs, making a total tonnage of 8.33 million dwt repaired during the year.
Asry is owned by the seven OAPEC countries -- Bahrain, Kuwait, Qatar, Saudi Arabia, the UAE, Iraq and Libya. The yard was first conceived in 1968 with the aim of building and operating a well-equipped repair yard, with sufficient capacity to accommodate the VLCC/ULCCs serving the Arabian Gulf oil terminals.
Bahrain was chosen as the location for the first major repair facility in the Arabian Gulf due to the availability of suitable human resources, developed industrial infrastructure and favourable site that gave shelter against the rough seas and strong winds, together with satisfactory water depth and a large manoeuvring basin.
Construction began at Asry, one of the few ship repair yards in the world specifically designed to handle very large vessels, in the fourth quarter of 1975 and the yard was completed and became operational in September 1977. Demand for Asry's services has remained high from the beginning, and due to its improved organisation and operational procedures, its productivity, capacity and capabilities, the yard is now recognised as a leader in the ship repair industry.