Turkey News

Fifteen migrants died after their boat collided with a Greek coast guard vessel, capsized and sank off the island of Chios in the Aegean Sea late on Tuesday, the coast guard said, in one of the deadliest migrant shipwrecks in Greece in years.The incident occurred after a migrant boat sailing towards Chios with its navigation lights switched off ignored signals from a coast guard patrol vessel and changed course, the coast guard said in a statement.All those on board were thrown into the sea a few miles off the Turkish coast, it said.

January 2026 joins the pages of history as being part of the ongoing misery for the global ship recycling world, but there were noteworthy surges to report this week, saysreports cash buyer GMS.“Across the board, for most of the major fundamentals, except sub-continent steel plate prices that have become the perennial party poopers of the recycling world of late, the momentum was definitely beyond noticeable,” says GMS. “The Baltic Exchange Dry Index, oil futures, and the U.S. Dollar collectively soared this week, creating ripples that would certainly be felt within the next four weeks.

India stopped exporting diesel to the European Union this month due to the European Union's ban on fuel derived from Russian crude and instead sent a record amount to West Africa, shipping data from Kpler and Vortexa showed, while Turkey's diesel exports to the EU slowed in recent months.The developments highlight that the EU policy, aimed at punishing Russia over its 2022 full-scale invasion of Ukraine, is prompting a further reordering of intercontinental oil flows, forcing…

Indian sub-continent ship recycling markets have been reflecting on what has been escalating on the international stage of late, reports cash buyer GMS. The company notes extremely turbulent effects emanating week after week from these markets — meaning it is becoming increasingly difficult to identify what price can be obtained for which type / LDT of unit and, most importantly, which buyer in which market would be willing to jump for the unit in question.“As we await January’s inflation figures from the various destinations…

The MV Isle of Islay began her maiden voyage from Cemre shipyard in Turkey back to Scotland last night.Following her official handover to owners Caledonian Maritime Assets Ltd. (CMAL) last week, a crew from CalMac is now onboard and will sail her back to Scotland. The repositioning voyage is expected to take around two weeks, depending on weather conditions.During the journey home, MV Isle of Islay will call at two to three European ports for refueling, depending on need and fuel testing results.

The Baltic Exchange Dry Index halted a nine-session slide to mark a 2.3% U-turn, climbing to 1,567 points, reports cash buyer GMS. This was driven by gains across segments: Capes (up 2.3%), Panamax (up 4.3%), and the smaller segments adding four points by week’s end.“Notably, the overall benchmark index still finished the week down 7.2%. Oil too continued to trip on itself and stayed below the coveted USD 60/barrel mark despite a 0.4% increase, closing the week out at USD 59.44/barrel.“The U.S.

India signed a $3 billion deal on Monday to buy liquefied natural gas from the United Arab Emirates, making it the UAE's top customer, as the leaders of both countries held talks to strengthen trade and defence ties.The agreement was signed during a very brief two-hour visit to India by UAE President Sheikh Mohammed bin Zayed Al Nahyan for talks with Indian Prime Minister Narendra Modi. They pledged to double bilateral trade to $200 billion in six years and form a strategic defence…

Greece plans to extend its territorial waters further, including potentially in the Aegean Sea, Foreign Minister George Gerapetritis said on Friday, despite Turkey's long-standing threat of war should Athens take such a step.The NATO allies, but historic rivals, have eased tensions in recent years but remain at odds over where their continental shelves begin and end in the Aegean - an area believed to hold significant energy potential and with implications for overflights and airspace.Greece has already extended its territorial waters in the Ionian Sea to 12 nautical miles from six…

Caledonian Maritime Assets Limited (CMAL) has taken ownership of MV Isle of Islay following a handover ceremony at Cemre Marin Endustri in Yalova, Turkey, where the vessel was built.MV Isle of Islay, the first of four ferries being constructed at the yard, will serve Islay and Jura when she enters service, and will be joined by her sister vessel MV Loch Indaal later this year. The vessel has received  Maritime Coastguard Agency (MCA) approval and passenger certification, and will now be prepared for the repositioning voyage from the Sea of Marmara back to Scotland.

Greece has warned its shipping fleet to review their security measures when sailing to Russian Black Sea ports after drone attacks on two Greek-operated tankers this week, according to shipping ministry advisories.Drones struck two oil tankers on Tuesday, including one chartered by U.S.

A Russia-bound oil tanker suffered a drone attack in the Black Sea that prompted it to request Turkish coastguard assistance and divert from its course, according to a notice by Lloyd's List Intelligence and a separate maritime security source on Thursday.Maritime data specialist Lloyd's List Intelligence said the Palau-flagged Elbus vessel "experienced an unmanned marine-vehicle and drone attack" on Wednesday targeting its engine room, and that no injuries were reported among the 25 crew, nor any pollution.The security source described it as a drone attack, based on an assessment.

Acta Pegasus was delivered to Acta Marine, its fourth Walk-to-Work (W2W) vessel, a DP2 Construction Service Operation Vessel (CSOV).Acta Pegasus is one of four newbuild vessels currently under construction for Acta Marine at Tersan Shipyard in Turkey. The vessel can accommodate up to 135 persons and is equipped with advanced offshore access and lifting systems, including a 3D motion-compensated SMST gangway and a 3D-compensated crane. In line with Acta Marine’s sustainability ambitions…

Discounts on Russian oil at export terminals have once again approached historic highs, putting pressure on exporters' trade profits amid weak global oil prices, Reuters calculations show.Western sanctions over Russia's military action in Ukraine have forced its oil companies to sell crude at steep discounts, reaching $20 to $30 per barrel below Brent in December - the widest gap at Russian ports since early 2022, Reuters data indicates.The deeper discounts have eroded margins, pushing some suppliers into losses.

Greece, Israel and Cyprus will step up joint air and naval exercises in the eastern Mediterranean in 2026, deepening their defence cooperation, Greek military officials and a senior source said on Monday.The three eastern Mediterranean nations have drawn closer over the past decade through joint military drills, defence procurement and energy cooperation, developments closely watched by regional rival Turkey.Greece’s armed forces general staff (GEETHA) said senior military officials from the three countries signed a joint action plan for defence cooperation last week in Cyprus.

The world’s largest wind-powered, industrial-scale, roll on/roll off vessel Neoliner Origin has returned for its second visit to the only U.S. port it is calling, the Helen Delich Bentley Port of Baltimore.The ship, which uses sails as main propulsion, is operating a monthly service between Saint Nazaire (France) and Baltimore, with stops along the way to Saint-Pierre et Miquelon and Halifax.“It’s a great honor to be the first and only U.S. port for Neoliner Origin,” said Maryland Port Administration Executive Director Jonathan Daniels.

Delays for oil tankers passing through the Turkish Straits have climbed to about 12 days for a round trip to the Black Sea, up from about seven days last week, as winter storms, heightened security risks and shorter daylight hours snarl traffic, traders said and Riverlake data in LSEG showed.The congestion, which last exceeded 12 days in February, is being compounded by intensified security checks following recent attacks on tankers carrying Russian oil and strikes on port infrastructure in Novorossiysk…

“Between January and November 2025, cement shipments, including clinker, have jumped 13% y/y, driven by a 39% y/y increase in shipments to Africa’s Atlantic coast. The region is experiencing high economic growth, fast urbanisation and rapid development in infrastructure, supporting construction activity and boosting the demand for cement,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO.Cement and clinker import dependency is high across most countries in the region as most countries have insufficient domestic production capacity.

December has brought with it a declining Baltic Exchange, reports cash buyer GMS. This saw the Dry Index fall by about 3%, this week, dragged down by mounting pressure across all segments that saw capes slipping 4.4%, panamax dropping 1.4%, and the smaller segments shedding five basis points, all while oil barely moved the needle as it closed another week at region USD 59.70/barrel (expected to breach USD 60/barrel in the coming week) and inflation reported minor improvements…

War insurance costs for ships sailing to the Black Sea have spiked again, with insurers reviewing policies daily as the conflict in Ukraine spills into sea lanes, five shipping and insurance sources said on Thursday.The Black Sea is crucial for the shipment of grain, oil and oil products. Its waters are shared by Bulgaria, Georgia, Romania and Turkey, as well as Russia and Ukraine.Turkey's Foreign Minister Hakan Fidan said on Wednesday that attacks on Russia-linked tankers in…

The Romanian military blew up a maritime drone that was endangering navigation in the Black Sea, the Ministry of National Defence said on Wednesday, amid rising concerns about risks to shipping in the area linked to the war in Ukraine.The ministry said that the drone, which was found in an area 36 nautical miles (66 km) east of Constanta, was a Sea Baby. The Sea Baby is a maritime drone developed by Ukraine.A Romanian Defence Ministry spokesperson declined to specify the country that the drone came from, but confirmed it was a Sea Baby.

A Russian-flagged tanker loaded with sunflower oil reported a drone attack off the Turkish coast on Tuesday, but its 13 crew members were unharmed, Turkey's maritime authority and the Tribeca shipping agency said.Ukrainian naval drones last week hit two tankers sanctioned by Kyiv and some of its Western allies in the Black Sea as they headed to a Russian port to load oil destined for foreign markets, as the country attempts to pile pressure on Russia's oil sector.Ukraine's foreign ministry spokesperson Heorhii Tykhyi said Ukraine was not involved in Tuesday's attack…

Global market chaos continues post-Thanksgiving, reports cash buyer GMS. “Steel plate prices were the highlight of the entire sub-continent—and even China—where they unanimously retreated in unison this week, while the U.S. Dollar also decided to join in on the fun as it too retreated at all sub-continent locations (except—no surprise—Turkey).“Making matters worse are the rising freight markets that continue to surprise the industry, as the Baltic Exchange’s Dry Index climbed another 3.2% through the course of the week…

Turkey sharply reduced its imports of Russia's flagship Urals crude oil in November, shipping data from energy consultancy Kpler showed, as Western sanctions on Russian energy suppliers tightened and Turkish refineries shifted to alternative grades.Shipments of Urals to Turkey fell by 100,000 barrels per day from October levels, with total imports dropping to around 200,000 bpd last month, data from Kpler and LSEG showed.Turkey has become one of the largest buyers of Russian crude since 2022 when European buyers stopped purchases…