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

Shipbuilding

Zamakona Yards' Commitment to Well-being

Recently employees of Zamakona Yards participated in a training course for maintaining Health, Safety and Environment (HSE). The theoretical practice focused on working at heights,

Ferus Smit to Launch Newbuild Bulker

Ferus Smit will launch newbuild bulk carrier Arklow Breeze on Friday, March 20 at Westerbroek.   Arklow Breeze is the sixth and last vessel of a series to be

Damen ASD 2810 Hybrid Tug Delivered to Multraship

Multraship took delivery of a Damen ASD 2810 Hybrid tug vessel, built at Damen Shipyards Galaţi, in Romania. The delivery is part of Multraship’s fleet expansion program,

Navy

China's Maritime Advances Worry US

The Director of U.S. National Intelligence, James Clapper, has expressed his concern at the progress of China in maritime zones it shares with its neighbors, accused

Somali Pirates Release Long-held Hostages

Somali pirates have freed four Thai nationals seized from a fishing vessel at sea in 2010, ending the longest-running hostage drama in the Horn of Africa state, the United Nations said on Friday.

US, Chinese Navies Conduct Joint Exercise

A U.S. Navy littoral combat ship and a Chinese Navy frigate conducted a joint training exercise in the South China Sea.   The U.S. Navy littoral combat ship USS

 
 
Maritime Contracts Maritime Standards Navigation Pipelines Port Authority Salvage Ship Electronics Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1819 sec (5 req/sec)