Turkish ships go to Greeks

Dunya Executive - - OVERVIEW -

In the maritime sector, the flagship of Turkish exports, ship sales attract attention as well as the orders placed. Turkish maritime companies, which give orders to Chinese, Japanese and South Korean shipyards, sell their fleets to neighboring Greece. Some Greek companies even takeover the orders of Turkish maritime companies that find themselves in financial difficulty.

The two vessels of Turkon Holding, belonging to the Kalkavan Family, one of the key names in Turkish maritime history, were recently sold to the Greeks. According to Kerim Ulker of daily DUNYA, the ships, Ibrahim Dede and Cafer Dede, both of which were constructed in 2008, were bought by Greece-based Capital Maritime Trading, owned by Evangelos Marinakis, which paid $18 million for the two ships. Marinakis, the owner of the Olympiacos and Nottingham Forest football clubs, is reportedly worth $650 million and owns about 70 ships and is also considered one of the country’s most famous media bosses.

Previously, the last two vessels of one of Turkey’s oldest sea logistics companies, Deniz Nakliyati’s DN Vatan and DN Millet, were bought by two different Greek companies in May last year. In September Mehet Emin Karamehmet’s shipping company, Geden Lines, agreed with Unisea Shipping, the Greek ship owner, for two of the four ships it ordered from Hanjin Subic but could not finance although their construction had started.

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