Bahrain-based Arab Shipbuilding & Repair Yard (Asry) is starting a new business line as it seeks approval as a European Union-approved scrap yard.

Dutch green scrapping start-up Elegant Exit has signed up the first slots for green demolition at Asry, in a booking system with dry-dock commitments of up to five years in advance.

Elegant Exit and Asry aim to start with some 110,000 ldt of demolition capacity during 2022, raising the volume over five years to 550,000 ldt.