Turkey Holds First Tender Related to Istanbul Canal Project
Turkey held its first tender on Thursday to prepare to build a huge canal on the edge of Istanbul, a Transport Ministry spokesman said, signaling progress on the project despite widespread criticism over its cost and environmental impact.The tender was for the planning phase of reconstructing two historic bridges located in the area where the 45-km (28 mile) Kanal Istanbul, championed by President Tayyip Erdogan, is expected to run.The canal will connect the Black Sea north of Istanbul with the Marmara Sea to the south and is estimated to cost 75 billion lira ($11.6 billion).
Containership Grounds in the Bosphorus Strait
A foreign cargo ship ran aground in Istanbul's Bosphorus strait on Friday, requiring a rescue operation and prompting authorities to temporarily close the picturesque and crowded waterway running through Turkey's largest city.There were no injuries or casualties, the governor's office said, adding that the ship had reported engine failure shortly before its grounding near the shore.There was no damage to the concrete walkway running along the shore, Reuters witnesses said.The Bosphorus, among the world's busiest shipping routes, was temporarily closed to international traffic as boats towed the vessel south towards the Sea of Marmara.The Liberian-flagged Songa Iridum had come from Ukraine's Odessa and was headed for Istanbul's port of Ambarli, according to Refinitiv Eikon shipping data.
Turkey Inks Maritime Boundaries Deal with Libya
Libya's internationally recognized government and Turkey have signed an agreement on maritime boundaries in the Mediterranean Sea that could complicate Ankara's disputes over energy exploration with other countries.Turkey, which announced the accord and a deal on expanded security and military cooperation on Thursday, gave no details of their memorandum of understanding and did not specify where Turkish and Libyan waters meet.Greece dismissed the announcement as geographically…
Turkey: Iranian Tanker Headed to Lebanon
Turkey said on Friday that an Iranian tanker at the centre of a confrontation between Washington and Tehran was headed to Lebanon after changing course several times, although Beirut said it was not informed of the plan.According to Refinitiv tracking data, the Adrian Darya, formerly called Grace 1, made a U-turn on Friday and headed for Turkey's Iskenderun port - 200 km (124 miles) north of Syria's Baniyas refinery, the tanker's suspected original destination.However, Turkish Foreign Minister Mevlut Cavusoglu said the tanker…
EU Takes Aim at Turkish Steel Sector Buckling Under Trump Tariffs
The European Commission's move to extend its steel import restrictions threatens to force Turkish mills, already buckling under the weight of U.S. tariffs, to cut production further or in some cases close down, sources said.The Commission said on Wednesday it will extend and beef up its existing "safeguard" steel import caps until July 2021 to counter concerns that European Union markets are being flooded with steel no longer being exported to the United States.For Turkey's vast steel sector, the fourth largest contributor to the country's economy, the caps could prove particularly painful as the EU has given it additional "country-specific" quotas.Under the safeguards…
TurkStream Gas Conduit Offshore Section Complete
The pipe-laying vessel Pioneering Spirit pipelaying vessel completed the construction of the offshore section of the TurkStream gas pipeline in the Black Sea. The TurkStream pipeline will carry Russian gas across the Black Sea to Turkey.The command to weld the final joint of the gas pipeline’s second string was given by Vladimir Putin, President of the Russian Federation, and Recep Tayyip Erdogan, President of the Republic of Turkey.“Construction of TurkStream – a new gas pipeline connecting Russia and Turkey via the Black Sea – is entering its final stage.
Greece Protests to Turkey Over Boat Incident in Aegean Sea
Greece sent an official complaint to Turkey on Tuesday, its foreign ministry said, after a Turkish vessel collided with a Greek coast guard boat off disputed islets in the Aegean Sea. The Greek coastguard said in a statement that the incident took place at Imia, known as Kardak in Turkish, at about midnight on Monday. A Turkish patrol vessel "made some risky manoeuvres" striking the left side of the Greek coast guard vessel patrolling the area, and damaging it. There were no injuries, the coastguard said. Turkey and Greece, NATO allies, have been at odds over a host of issues from ethnically split Cyprus to sovereignty over airspace and overflights. They came to the brink of war in 1996 in a sovereignty dispute over the islets, but tensions have eased since.
EU Tells Turkey to Avoid Damaging Actions after Cyprus Ship Incident
The European Union on Monday called on Turkey to avoid threats and "refrain from any actions that might damage good neighbourly" ties after Cyprus, a member of the bloc, accused the Turkish military of obstructing a ship exploring for gas. Cyprus is one of several states, also including Israel and Lebanon, racing to tap gas deposits in the eastern Mediterranean. Greek Cypriots run Cyprus's internationally recognised government, while Turkish Cypriots have a breakaway state in the north - recognised only by Ankara - and say resources around the island belong to them too. Cyprus said on Sunday the Turkish military had obstructed a vessel contracted by Italian oil company Eni which was approaching an area to explore for natural gas.
Turkey Reveals Route for New Canal to Ease Bosphorus Shipping
Turkey announced on Monday the route for a planned canal that would reduce shipping traffic on the busy Bosphorus Strait and transform the European half of Istanbul into an island. Work on the 45-km (28-mile) Kanal Istanbul, linking the Black Sea and the Sea of Marmara west of the Bosphorus, will begin this year, Transport Minister Ahmet Arslan said, adding it formed part of Turkey's most expensive construction project. The Bosphorus is one of the world's busiest waterways with 42,000 vessels passing through in 2016 - compared with 16,800 that transited the Suez Canal in the same year.
Turkey Sets Import Tax on Thermal Coal
Turkey imposed a tax this week on imports of thermal coal from Colombia, Russia and other major exporters, for use in power generation, to support domestic coal production. The Turkish cabinet decided to impose the tax of $15/tonne on imports from the United States, Colombia, Russia and South Africa on July 18 and announced it in the Official Gazette this week. The tax hits the biggest exporters of thermal coal but does not apply to imports from the European Union, Israel, Macedonia, Bosnia, Morocco, West Bank, Tunisia, Egypt, Georgia, Albania, Jordan, Chile, Serbia, Kosovo, South Korea, Mauritius and Malaysia, the government said. The levy is equal to around a quarter of the current month's physical South African coal price of around $63.65 a tonne.
Turkey Launches F-513 TCG Burgazada
Turkish Navy’s third Milgem class corvette, the F-513 TCG Burgazada, created as part of the MILGEM project, was launched with a ceremony attended by Turkish President Recep Tayyip Erdoğan and Prime Minister Binali Yıldırım. TCG Burgazada is the third ship of the series built at Istanbul Naval Shipyard Command as part of the MILGEM project that was launched in order to build modern warships upon the 2004 decision of the Defense Industry Executive Committee. The construction of the Burgazada Corvette began on 17 December 2014, at Istanbul Naval Shipyard Command.
DP World Yarimca Opened
DP World Yarimca has been officially opened for business by the President of the Republic of Turkey, Recep Tayyip Erdoğan in the presence of senior government officials and executives of DP World. President Erdoğan joined the opening yesterday by teleconference in the presence of the Minister of Transport, Maritime and Communications of the Republic Turkey, Binali Yıldırım; Minister of Foreign Affairs of the Republic of Turkey, Mevlüt Çavuşoğlu; Minister of Environment and Urbanisation of the Republic of Turkey…
Turkish LPD Comes into Effect
Turkey has launched the building phase of its amphibious landing platform dock (LPD) warship for the Turkish Naval Forces with a ceremony on April 30, says Hurriyet. Last year, the Turkish government announced it signed a nearly $ 1 billion deal with a local shipyard to produce the country's first LPD. Turkey's procurement agency, the Undersecretariat for Defense Industries (SSM), said SSM and Sedef, a Turkish shipyard, agreed to pen the deal after contract negotiations. Turkish companies…
Merkel Visit aims to Soothe EU Migrant Tensions
German Chancellor Angela Merkel will use a visit to Turkey this weekend to try to soothe tensions over a deal meant to stem the flow of migrants to Europe as questions about its effectiveness and long-term viability mount. The pact, which came into force almost three weeks ago, aims to help end the chaotic arrival of migrants and refugees on the Greek islands, many fleeing war and poverty in the Middle East and Africa. More than one million reached Europe last year. The deal initially slowed the numbers of new arrivals to Greece sharply, but boats have been coming again with about 150 people a day, indicating the "hermetic sealing" of the route appears to be over, the International Organization for Migration (IOM) said.
LNG Prices Firm on Pockets of Demand
Asian liquefied natural gas (LNG) prices edged up this week as the global market drew some support from demand in Mexico, after its state-run power company purchased six cargoes. The price of Asian spot cargoes for January delivery edged up to $7.30 per million British thermal units (mmBtu), from around $7.20/mmBtu last week. Cargoes for February delivery were lower at around $7.10/mmBtu, with supply from new projects in Australia and the United States expected to pick up in the new year. Mexico's CFE secured five LNG cargoes from Citi and one from Gazprom Marketing & Trading for delivery in the first half of 2016, traders said. Two sources said there had been some interest for cargoes into northwest Europe.
Trucks Carrying Turkish Exports Blocked at Russian Border
Around 1,250 trucks carrying Turkish exports have been blocked from entering Russia and are stranded at border posts awaiting clearance, a senior shipping industry representative told Reuters on Monday. Six days after NATO-member Turkey shot down a Russian fighter jet in the first known incident of its kind since the Cold War, calls for calm have gone largely unheeded. Ankara refuses to back down and Russia responds with sanctions. "Russia has not given permission to Turkish trucks for entry or transit passage for the past four days," Fatih Sener, managing director of Turkey's International Shippers Association (UND) said in an interview.
Turkey Launches Amphibious Ship
Turkey launched the 140-meter amphibious ship "Bayraktar," the first of two vessels that are part of a domestic Landing Ship, Tank (LST) project, reports Local media. The two ships boast local design and construction and are aimed at meeting the operational requirements of the Turkish Naval Forces Command, according to the website of Anadolu Tersanesi, the company that constructed the ship. The Bayraktar is a fast amphibious vessel of upper-intermediate size with powerful armaments.
Turkey Serious about Kanal Istanbul Project
Istanbul Metropolitan Municipality has released the details of the construction and zoning plans for Kanal Istanbul project, which will be built on the European side of Istanbul and it will connect the Black Sea to the Sea of Marmara. The plans for the artificial sea-level waterway and a new town to be located on 95 acres will be issued by the Municipality. Building permits will be issued after approval by the Ministry of Environment and Town Planning. The ministry has "reserved" an area that is included within the borders of the districts of Avcılar…