Black Sea Sees Shipbuilding Boom

Tuesday, June 26, 2007
According to Today's Zahman, Black Sea sees shipbuilding boom, Mediterranean springs a leak More than 90 percent of world trade is conducted through sea shipping, making shipbuilding one of the fastest growing industries in the recent boom in global trade, which has grown on average by more than 5 percent annually. As a natural consequence of Turkey being a peninsula located at a strategically central position close to many wealthy European markets, Turkey’s growth in shipping construction has outdone all of its global rivals in the last four years, growing 360 percent.

The Black Sea region, has been the main beneficiary from this unprecedented upswing. Maritime Undersecretary Hasan Naiboğlu said workshops to manufacture small vessels and fishing boats in the Black Sea district of Ereğli are being modernized to create at least half of the capacity of the shipyards in Tuzla, İstanbul. Boat yards are opening one after another in the Black Sea region, he noted. According to figures provided by the undersecretary, Turkey is the world’s eighth-biggest ship manufacturer, with 1.8 million deadweight tons (DWT) worth of orders last year. It was 23rd in 2002. Turkish shipyards completed 135,000 DWT of orders in 2002, rising to 600,000 in 2006. The sector has invested $500 million in the last three years to expand facilities and improve them technologically. The number of shipyards active in the country was 37 just five years ago. Thanks to efforts to meet an ever-increasing demand, the number has jumped to 59. Meanwhile projects, investment and feasibility studies for 61 new shipyards are currently ongoing. Once these new production facilities are completed, the country will have 120 shipyards with a capacity of constructing 9.2 million DWT of vessels per year. Additionally the biggest ship that a Tuzla shipyard was able to construct was a 20,000-DWT vessel, but now it is possible to build vessels six times as large, and new investments are underway to enable the building of 180,000 DWT ships. Source: Today’s Zahman

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Port of Caen Orders Damen ASD Tug 2810

The Port of Caen/Chamber of Commerce & Industry Caen Normandy (Chambre de Commerce et d’industrie de Caen Normandie) has placed an order for a Damen ASD Tug 2810.

Royal Caribbean Orders 3 Ships from STX

Following the delivery of Harmony of the Seas on May 12 in Saint-Nazaire, the American group Royal Caribbean Cruises Ltd. signed an order for three additional vessels,

STX Shipbuilding Likely to Enter Court-lead Restructuring

South Korean shipbuilder STX Offshore & Shipbuilding Co Ltd will likely need to enter court-supervised receivership due to financial difficulties, the firm's lead

Navy

Aquino: China Breaks South China Sea Deal

Philippine President Benigno Aquino on Thursday accused China of breaking a U.S.-brokered deal between the two nations on the Scarborough Shoal, an uninhabited rocky outcrop in the South China Sea.

2016 SDAP Rates Announced

The US Navy released updates to the Special Duty Assignment Pay (SDAP) for eligible enlisted Sailors in NAVADMIN 120/16, May 25. The SDAP program enhances the Navy's ability to size,

US, Thailand Naval Exercise in Andaman Sea

The U.S. Navy (USN) and the Royal Thai Navy (RTN) kicked off Exercise Guardian Sea, Andaman Sea comprising bilateral naval training drills that aim to enhance

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Offshore Oil Pipelines Port Authority Ship Electronics Ship Repair Ship Simulators Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0851 sec (12 req/sec)