Marasi Marine Service Co

What Marasi Marine Service Co does

Marasi Marine Service Co is a privately held, Al Khobar-headquartered marine services company established in 2018 that operates as a B2B/B2G integrated maritime services provider in the Kingdom of Saudi Arabia. It positions itself as a one-stop service station offering ten core service lines: ship repair, shipbuilding and conversion, ship and offshore structure demolition, marine services (LSA, FFA, crane inspection, sanitation), commercial and industrial diving, supply chain and authorized distribution of marine products, life raft manufacturing, marine-grade aluminum and steel supply, offshore logistics, and watercraft. Its customer base is concentrated among ship owners, offshore operators, oil and gas companies (notably Saudi Aramco and Larsen & Toubro), port authorities (Dammam Port), and maritime trading firms; named enterprise clients include Aramco, L&T, Dammam Port, Naghi Marine, and Zakher Marine. Operations span KSA's Eastern Province (Al Khobar headquarters) and Western Province, with active engagements at Jubail (King Fahd Industrial Port), Jazan, and Yanbu.

Name

Marasi Marine Service Co

Legal name

MARASI MARINE SERVICE CO.

Website

https://marasimarine.net

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Marasi Marine Service Co is a Saudi Arabia-headquartered marine services firm providing ship repair, shipbuilding, demolition, diving, supply chain, and offshore logistics to ship owners, offshore operators, oil and gas companies, and government port authorities across the Kingdom.

Ownership category

akta.pro rank

Product category

Maritime Services

NAICS

Ship Building and Repairing (336611), Ship and Boat Building (33661), Ship and Boat Building (3366)

SIC

Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Underwater Inspection, Maintenance & Repair (UWILD, Diving/ROV, In-water Cleaning) (IMAJAFAJ)

akta.pro secondary industries

Emergency/Expeditionary Repairs & Afloat Maintenance (Voyage Repairs) (IMAJAFAK), Life-Saving Appliances & Safety Equipment (Davit Systems, Lifeboats, Firefighting) (IMAJAIAG), Propulsion MRO, Spares & Field Service (Overhauls, retrofits, upgrades) (IMAJAHAN), Safety, Risk & Compliance Engineering (SOLAS, Class Rules, HAZID/HAZOP, FMEA) (IMAJAGAJ)

Keywords

• Marine engineering services
• Ship repair services
• Shipbuilding construction
• Offshore logistics support
• Commercial diving services

Headquarters

HQ city

Al Khobar

HQ country

Saudi Arabia

HQ region

Middle East

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Ship Repair Services: Comprehensive ship repair services including hull fabrication, welding, piping repair, painting, electrical, mechanical, HVAC, and tank cleaning. Services recognized by approved classification societies, available alongside jetty or offshore in KSA ports.
2. Shipbuilding and Ship Conversion: Construction of offshore support vessels, barges, pontoons, buoys, beacons, and houseboats. Includes full shipbuilding process from design through delivery.
3. Ship/Offshore Structure Demolition: Responsible and efficient decommissioning of vessels, offshore platforms, and large-scale steel structures with eco-friendly techniques and regulatory compliance.
4. Marine Services: Life saving appliances, firefighting equipment, medical oxygen cylinders, lifting gears inspection, ship sanitation and pest control, crane inspection services (Aramco approved).
5. Diving Services: Commercial and industrial diving including hull cleaning, propeller repairs, anode replacement, class-approved surveys (UWILD), underwater construction, and advanced ROV surveys.
6. Supply Chain and Marine Products: Distribution of marine products including safety items, radios, EPIRB/SART, hydrostatic release units, mooring ropes, and general deck/engine stores. Authorized distributor in KSA with warehouse facilities.
7. Life Raft Manufacturing: Design and manufacturing of self-inflating life rafts for ship crews, meeting latest specifications for maritime survival craft.
8. Marine Aluminum and Steel Supply: Authorized agent for premier steel and aluminum suppliers, offering marine-grade alloys for shipbuilding, offshore construction, and marine infrastructure projects.
9. Offshore Logistics: Integrated project logistics services specializing in offshore marine logistics, chartering, and offshore support vessel agency services in Kingdom of Saudi Arabia.
10. Watercraft: High quality watercraft including house boats, pleasure boats (dining boats, pantoons, kayaks, RIBs, rafting boats), fishing boats, sightseeing submersibles, hydro foil bikes, and electrical motors.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels2 records

Core offering

Marasi Marine Service Co is a Saudi Arabia-based marine services company providing ship repair, shipbuilding and ship conversion, offshore structure demolition, commercial diving, marine inspection, offshore logistics, marine product distribution, life raft manufacturing, and marine-grade aluminum and steel supply to ship owners, offshore operators, and government entities in the Kingdom of Saudi Arabia.

Product overview

Marasi Marine Service Co is a marine services company headquartered in Al Khobar, Kingdom of Saudi Arabia, offering a comprehensive One-Stop Service Station for the maritime industry. The company operates as an integrated platform providing ship repair, shipbuilding, offshore structure demolition, diving services, marine services, watercraft products, supply chain (marine products and spare parts), life raft manufacturing, marine material supply (aluminum and steel), and offshore logistics services. The portfolio includes both service offerings (demolition, repair, diving, shipbuilding) and physical product offerings (watercraft, life rafts, marine supplies).

Differentiator

Problem solved

Functional benefit

Products and services

• Ship and Offshore Structure Demolition Responsible and efficient demolition of vessels, offshore platforms, and large-scale steel structures using advanced equipment and environmentally compliant techniques, including compliance with Basel and Hong Kong Conventions.
• Ship Repair Services Ship repair facilities including hull fabrication and welding in steel, aluminum and fiberglass, piping and valve repair, painting and blasting, electrical installation, mechanical overhauling, laser alignment, HVAC maintenance, and tank cleaning, available 24/7 at KSA ports.
• Shipbuilding and Ship Conversion Construction of offshore support vessels (OSVs), barges, pontoons, buoys, beacons, and houseboats, plus ship conversion services from design through delivery, including new Pollution Control Vessel and Oil Pollution and Garbage Control Vessel contracts.
• Marine Services Marine safety and inspection services including life saving appliances (LSA), firefighting equipment (FFA), medical oxygen cylinders, lifting gears inspection and certification, ship sanitation and pest control, and Aramco-approved crane inspection (Blue Sticker, White Sticker, Crane Health Check).
• Diving Services Commercial and industrial diving including ship husbandry, hull cleaning, propeller repairs, anode replacement, class-approved in-water surveys (UWILD), underwater construction, concrete work, cutting and welding, and ROV-based bathymetry surveys and seabed mapping with live stream capability.
• Supply Chain and Marine Products Distribution Distribution and supply of marine products and spare parts including safety items, marine radios, EPIRB and SART devices, hydrostatic release units, mooring ropes, and general deck and engine stores. Authorized distributor for Entel and Hammar; authorized reseller for HYF, Jotron, and Shanghai Fangzhan in KSA.
• Life Raft Manufacturing Design and manufacturing of self-inflating life rafts for ship crews serving as survival craft, meeting the latest maritime survival specifications.
• Marine Aluminum and Steel Supply Authorized agent supplying marine-grade aluminum and steel alloys for shipbuilding, offshore construction, and marine infrastructure projects.
• Offshore Logistics Integrated project logistics services specializing in offshore marine logistics, vessel chartering, and offshore support vessel agency services across the Kingdom of Saudi Arabia.
• Watercraft Sale of recreational and specialty watercraft including houseboats, dining boats, pontoons, kayaks, fiberglass and aluminum RIBs, rafting boats, fishing boats, sightseeing submersibles, hydrofoil bikes, and electrical motors.

Quantifiable outcome

• Maximum material recovery with minimal environmental impact in demolition projects
• +1 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• EntelcoreChannel Partner/ Reseller/ DistributorEntel marine radios (VHF, UHF & accessories) - Authorized Distributor in KSA. Marasi Marine distributes Entel marine communication equipment to customers in the Kingdom of Saudi Arabia.
• HammarcoreChannel Partner/ Reseller/ DistributorHammar Hydrostatic Release Unit - Authorized Distributor in KSA. Marasi Marine distributes Hammar safety equipment for maritime applications.
• HYFcoreChannel Partner/ Reseller/ DistributorHYF products - Authorized Reseller in KSA. Marasi Marine resells HYF marine products in the Kingdom of Saudi Arabia.
• JotroncoreChannel Partner/ Reseller/ DistributorJotron EPIRB & SART products - Authorized Reseller in KSA. Marasi Marine distributes Jotron emergency position indicating radio beacons and search and rescue transponders.
• Shanghai FangzhanminorChannel Partner/ Reseller/ DistributorSafety items supplier through partnership with Plastimo/Shanghai Fangzhan. Marasi Marine supplies safety equipment from these manufacturers.
• PlastimominorChannel Partner/ Reseller/ DistributorSafety items supplier. Marasi Marine supplies Plastimo safety products as part of its marine product distribution.
• Premier Steel and Aluminum SupplierscoreTechnology or IntegrationStrategic partnerships with premier steel and aluminum suppliers for marine-grade materials. Marasi Marine acts as authorized agent providing direct access to latest material technologies for shipbuilding and offshore construction projects.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Drydocks World: Drydocks World is a Dubai-based ship repair, conversion, and newbuild yard serving oil & gas, offshore, and commercial marine clients. It is comparable to Marasi in core ship repair, conversion, and offshore structure work, and represents the largest scale competitor in the regional MRO landscape.
• Lamprell plc: Lamprell is a UAE-based provider of offshore and marine services including rig construction, offshore wind fabrication, and ship repair. It is comparable to Marasi's shipbuilding and offshore construction work, particularly in serving Saudi Aramco and regional oil & gas clients.
• Gulf Marine Services (GMS): GMS is one of the largest offshore support vessel operators in the Middle East, providing self-elevating platform and crew boat services to oil & gas clients in the Arabian Gulf. It is comparable to Marasi's offshore logistics and OSV-related services within the same Saudi/UAE oil & gas ecosystem.
• Topaz Energy and Marine: Topaz is a UAE-based marine services company operating offshore support vessels, subsea, and ship repair services across the Middle East and Caspian. It is a direct peer in offshore vessel support, diving/subsea work, and regional ship repair services competing for the same Aramco-adjacent customer base.
• International Maritime Industries (IMI): IMI is a Saudi Arabia-based joint venture between Saudi Aramco, Lamprell, and Bahri operating the King Salman International Complex for Maritime Industries and Services in Ras Al-Khair. It is the largest in-Kingdom peer for shipbuilding, offshore fabrication, and MRO, directly competing with Marasi for Saudi maritime Vision 2030 opportunities.
• National Shipping Company of Saudi Arabia (Bahri): Bahri is Saudi Arabia's national shipping carrier operating one of the world's largest VLCC and bulk fleets. While primarily a shipowner rather than a service provider, Bahri is a key potential customer and strategic partner for Marasi's shipbuilding, repair, and supply chain services within the Kingdom.
• Arab Shipbuilding and Repair Yard (ASRY): ASRY is Bahrain's leading ship repair and shipbuilding yard, operating commercial vessel repair, conversion, and newbuild services in the Arabian Gulf. It is a direct peer to Marasi's ship repair and shipbuilding business and is the most established regional benchmark for Gulf-based MRO yards that compete for Aramco and GCC shipowner work.
• Emirates Ship Building: Emirates Ship Building is a UAE-based newbuild and military vessel construction yard. It is comparable to Marasi's shipbuilding and OSV construction work, particularly for naval and offshore clients, and competes for similar regional newbuild contracts.

Broad incumbents

• Royal IHC: Royal IHC is a Netherlands-based global leader in dredging, offshore, and marine equipment manufacturing and shipbuilding. It is a broader incumbent relevant to Marasi's specialized dredging-adjacent services and offshore construction work, providing technology and equipment that regional yards source.

Others

• Hempel (marine coatings): Hempel is a global marine coatings supplier used extensively in ship repair, blasting, and painting operations across the Middle East. While not a direct competitor, Hempel is a complementary supplier whose products are routinely applied in the same ship repair workflows that Marasi Marine executes, making it an ecosystem reference point.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/marasi-marine-service-co

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Marasi Marine Service Co