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 Reporter May 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Fincantieri Invests In Camper & Nicholsons

Fincantieri has signed an agreement for the acquisition of a minority stake via capital injection in Camper & Nicholsons International (Camper & Nicholsons), the

ERMA Bullish on Ballast Water Treatment

After having delivered several BWTS systems in Kita Nihon shipyard in Japan, one more ERMA FIRST BWTS was successfully installed onboard the Bulk Carrier M/V SCARABÉ(DWT: 60,

USS Freedom (LCS 1) Completes Rough Water Trials

The littoral combat ship USS Freedom (LCS 1) completed Seakeeping and Structural Loads Trials, commonly referred to as Rough Water Trials (RWT) in late March the Navy reported May 21.

Navy

Russian, Azerbaijani Navy to Hold First Ever Joint Drills in Caspian Sea

About 10 Russian and Azerbaijani ships will take part in a joint naval exercise in the Caspian Sea for the first time; RIA Novosti cited the statement of Russia’s Southern Military District.

India-ASEAN Naval Cooperation On

The Indian Navy's indigenous offshore patrol vessel, INS Saryu, will participate in a week-long ASEAN Regional Forum (ARF) Disaster Relief Exercise (DiREx).   According to an official statement,

DMW Marine Takes the Lead in Military Cranes

DMW Marine Group, LLC. has completed a number of projects for the U.S. Navy and foreign Navies in recent years, claiming a place as a go-to supplier for Navy departments globally.

 
 
Maritime Contracts Maritime Security Navigation Pod Propulsion Port Authority Salvage Ship Repair Ship Simulators Sonar Winch
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: 0.2366 sec (4 req/sec)