Bahrain Ship Repairing & Engineering Co. BSC
BBHB:BASREC0.98
BHD
-0.01
(-1.01%)
ISIN
BH0004659486
Return %
Stock
S&P 500
1Y
- -
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
FRC
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FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- Sector
- Commercial services
- Industry
- Miscellaneous commercial services
- Address
- Manama Bahrain
- IPO Date
- Jun 6, 1995
- Similar Companies
- Business
- Bahrain Ship Repairing & Engineering Co. BSC (BASREC) is a Bahrain-based maritime engineering and technical services provider engaged primarily in the repair, maintenance, and conversion of commercial vessels, naval ships, and offshore marine assets in the Arabian Gulf. Founded in 1962 and headquartered in the Mina Salman Industrial Area of Manama, Bahrain, the company operates as an affiliate of the Yusuf Bin Ahmed Kanoo Group. BASREC organizes its operations into specialized business segments comprising Ship Repairing, Engineering and Contracting, Pump Services, Container Maintenance, and Equipment Trading. The company provides a comprehensive portfolio of marine and industrial engineering services, including drydocking and floating dock repairs; slipway hauling and hull structural steel repairs; propeller repairs, shaft straightening, and precision laser/optical alignment; main engine, auxiliary engine, and gearbox overhauls; hydraulic and pneumatic system servicing; piping fabrication and high-pressure pipe repairs; Metalock cold metal stitching; specialized helifusion welding and cladding; electrical rewinding, automation troubleshooting, and marine instrumentation calibration; round-the-clock afloat emergency repairs and mobile riding squad deployments; certified bollard pull testing; fiberglass (GRP) and composite hull repairs, inboard/outboard engine servicing, and sterndrive refurbishments via its Small Boat Division; structural inspection, refurbishment, grit blasting, painting, and refrigeration unit maintenance for ISO freight containers; sales and distribution of mechanical, electrical, and marine equipment, pumps, valves, and spares; and custom manufacturing, retrofitting, and maintenance of low- and medium-voltage electrical switchboards, motor control centers (MCCs), and automation control panels through its Technical Engineering and Marketing Services (TEAMS) division, alongside dedicated overhaul, rewinding, and dynamic testing of centrifugal, submersible, and positive displacement pumps through its wholly owned subsidiary, Marine and Industrial Pump Repair (Gulf) W.L.L. In recent developments, BASREC has strengthened its executive leadership with the appointment of new senior executive management to drive operational optimization and long-term modernization across its yard facilities. The company has also advanced strategic initiatives aimed at upgrading its workshop machinery, expanding floating dock capabilities, and integrating sustainable maritime service practices through participation in regional industry sustainability forums. Additionally, BASREC continues to enhance its regional service footprint by broadening technical collaborations with international maritime equipment manufacturers, modernizing pump repair and electrical panel assembly facilities, and strengthening emergency response capabilities to support commercial and naval fleets navigating Arabian Gulf maritime routes.