What BASREC does

BASREC (The Bahrain Ship Repairing and Engineering Company) is a publicly listed shareholding company, incorporated in Bahrain in 1962 and listed on the Bahrain Stock Exchange since 1989. The company operates an integrated ship repair and marine engineering shipyard in Manama, delivering hull and structural repairs, steel and aluminium fabrication, welding (including helifusion welding and Metalock cold stitching as authorized agent for Bahrain and Qatar since 1977), pipework, electrical and mechanical services, propeller and pump repair, hull thickness gauging (certified by ABS, Lloyd's Register, and Bureau Veritas), bollard pull testing, and 24-hour mobile repair. Infrastructure comprises a 6000-ton DWT floating dock, two 1000-ton slipways, and quaysides accommodating vessels up to 167.06m.

The company serves government and defense clients (Bahrain Defence Force, Bahrain Coast Guard, UAE Navy), oil and gas operators (BAPCO), and a roster of regional and international commercial shipping companies. It is organized into five operating units: Ship Repair, Small Boat Repairs, TEAMS (technical engineering and marketing services founded 1975), Container Repair, and Marine & Industrial Pump Repair (a wholly owned subsidiary). Revenue is generated through project-based professional services contracts, with pricing determined per engagement and no publicly disclosed rates. Distribution is direct via the Manama shipyard and mobile teams deployed across the Arabian Gulf.

The business is differentiated by ISO 9001, ISO 14001, and OHSAS 18001 certifications, multi-decade client relationships in the Bahraini defense and oil & gas sectors, and proprietary access to Metalock cold stitching technology. Capital intensity is high due to the floating dock, slipways, and quayside infrastructure, which together form the primary barrier to entry for competitors in the regional ship repair market.

Name

BASREC

Legal name

The Bahrain Ship Repairing and Engineering Company

Website

https://basrec.com

Company type

Public

Founded year

1962

Operating status

Operating

Headcount range

251–500 employees

Short description

BASREC is a Bahrain-based, publicly listed ship repair and marine engineering shipyard founded in 1962, serving naval, coast guard, oil & gas, and commercial shipping clients in the Arabian Gulf via a 6000-ton floating dock, slipways, and mobile repair teams.

Ownership category

akta.pro rank

Product category

Ship Repair & Marine Engineering Services

NAICS

Ship Building and Repairing (336611)

SIC

Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Commercial Ship Repair & Drydocking (TLAKAKAA)

akta.pro secondary industries

Hull & Structural Repair (Steel/Aluminum, Plate Renewal, Coatings Prep) (TLAHAMAB), Marine Coatings, Blasting & Corrosion Control (Hull, Tanks, Cathodic Protection) (TLAHAMAG), Tank, Pipeline & Marine Coating Services (Lining/Wrapping) (IMAIAKAJ)

Keywords

• Ship repair services
• Marine engineering
• Vessel maintenance
• Hull gauging
• Industrial pump repair

Headquarters

HQ city

Manama

HQ country

Bahrain

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Ship Repair Services: Core revenue from ship repair and maintenance services including hull repairs, mechanical work, electrical services, and specialized repairs such as propeller and pump repair.
2. Allied Engineering Services: Additional engineering services including container inspection, small boat repairs, and marine/industrial pump repair.
3. Container Repair: Structural repair services for metal containers including steel work, blasting, painting, electric and refrigeration work.
4. Marine & Industrial Pump Repair (Gulf) S.P.C. Subsidiary providing specialized pump repair and maintenance services.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels1 record

Core offering

BASREC (Bahrain Ship Repairing and Engineering Company) is a ship repair and marine engineering services provider operating from facilities in Manama, Bahrain. Core offerings include hull and structural ship repair (steel, aluminium, welding, pipework, fitting, propeller repair), electrical and machine shop services, specialized services such as Metalock cold stitching, helifusion welding, laser and optical alignment, bollard pull testing, and hull thickness gauging. The company also operates divisions for small boat repair, container structural repair, marine and industrial pump repair, and technical engineering/marketing services (TEAMS).

Product overview

BASREC (Bahrain Ship Repairing and Engineering Company) is a ship repair and engineering organization offering a unified suite of maritime services. The company operates through five primary divisions: Ship Repair Division (handling comprehensive vessel repairs including steel/aluminium work, welding, electrical, machining, and specialized services like Metalock cold stitching and Helifusion welding), Small Boat Division (specialized repairs for small vessels), TEAMS (Bahrain) providing technical engineering and marketing services for electrical and mechanical products, Container Repair Division (structural repairs on metal containers), and Marine & Industrial Pump Repair as a subsidiary. Additional offerings include inspection services, hull gauging, and 24-hour mobile repair teams. The company maintains facilities including floating docks, slipways, and quaysides for vessel repair operations.

Differentiator

Problem solved

Functional benefit

Products and services

• Ship Repair Division Comprehensive vessel repair services covering steel and aluminium repairs, welding, pipework, fitting, propeller repairs, electrical services, machine shop work, laser and optical alignment, Metalock cold stitching, fiber glass works, bollard pull testing, and hull thickness gauging for naval, commercial, and oil & gas clients.
• Small Boat Repairs Division Specialized repair services for small boats using up-to-date tools and technologies in an environmentally safe manner.
• TEAMS (Bahrain) - Technical Engineering and Marketing Services

Quantifiable outcome

• Vessels up to 6000 tons DWT can be accommodated using floating dock facilities.
• +2 more outcomes

Named customers20 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• MetalockcoreStrategic or Co-development Partner · 1 January 1977BASREC has been the authorized agent for Metalock in Bahrain and Qatar since 1977. Metalock provides cold stitching technology for hull repairs without welding, a specialized repair method that BASREC offers to clients in the region.

Scale indicators5 records

Recent moves8 records

Expansion highlights4 records

Broad incumbents

• Fincantieri: Italian global shipbuilding group with naval and commercial vessel construction plus selected repair and conversion work. Overlaps with BASREC in naval vessel maintenance scope but at vastly greater scale and breadth.
• Damen Shipyards: Dutch global shipbuilder with ship repair yards across multiple geographies and a wide portfolio of vessel newbuilds, conversions, and MRO services. Comparable as a broad shipyard incumbent with overlapping naval and commercial repair offerings.
• Sembcorp Marine: Singapore-headquartered global shipbuilding and offshore engineering group with extensive ship repair capabilities. Comparable in service scope (hull, mechanical, electrical, conversion) but operates at much greater scale and global reach than BASREC.

Direct peers

• Lamprell: UAE-based shipyard focused on offshore rigs, jack-ups, and vessel repair/construction. Competes with BASREC for regional offshore support vessel and rig-maintenance work in the Arabian Gulf.
• Grandweld Shipyards: UAE-based shipyard providing ship repair, new-building, and offshore fabrication services. Directly comparable in regional positioning to BASREC and competes for similar Gulf commercial and offshore-support-vessel clients.
• ASRY (Arab Shipbuilding & Repair Yard): Bahrain-based ship repair and shipbuilding yard and the most direct local competitor to BASREC. Operates graving docks, floating dock, and similar naval and commercial repair services in the same Manama-adjacent geography, competing for the same BDF, BAPCO, and Gulf shipping clients.
• Drydocks World: Large ship repair, conversion, and new-building yard in Dubai offering graving docks, floating docks, and offshore fabrication. Competes with BASREC for Gulf-based commercial and naval repair work, but at materially greater scale and capacity.

Others

• Metalock International: Global cold stitching and in-situ crankshaft repair specialist that BASREC has represented in Bahrain and Qatar since 1977. Included as a technology partner/peer because Metalock certification is a key element of BASREC's differentiated offering.

Regional players

• Albawani (Al Bawani Marine Services): Saudi Arabian marine services and ship repair contractor providing offshore and vessel maintenance in the Arabian Gulf. Comparable regional competitor for Saudi Aramco and naval vessel work in the same sea basin as BASREC.
• Bahri Ship Repair (Bahri): Saudi Arabia-based national shipping and maritime services group operating VLCCs and providing ship maintenance support. Operates in the same Gulf corridor as BASREC with comparable customer overlap among Saudi and regional clients.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BASREC