New environmental regulation increases investments in shipping
In line with the decision taken at the 2016 meeting of the Committee on the Protection of the Marine Environment in London, a global sulfur upper limit of 0.50 percent was introduced for fuels used in ships from 2020 onwards. Those who do not follow the rule will face high penalties and large sanctions. Therefore, billions of dollars of investment attacks were initiated in the global maritime sector. The Turkish maritime sector, which ranked 15th in the world maritime transport, also took action for change. Sabancı Holding’s Yasa, Koc Holding’s Ditas and leading shipowners like Ciner and Arkas sell their old ships and renew their fleet with more environmentally friendly ships. Some shipowners, such as Turkon, prefer to install flue gas insulation devices, such as a scrubber, which reduces emissions of more than $ 2 million per ship, rather
than replacing the fleet.
2 new tanker orders from Sabanci
The Sabancı Group’s shipping company, Yasa, is trying to dispose its old ships while adding new ships to the fleet. The company, which ordered $35 million worth 4 tankers, each 49,000 DWT, to South Korea Shipyard Hyundai Mipo’ya in May last year, ordered two more tankers at the same ship yard in the recent weeks. The Yasa fleet consists of 20 dry cargo ships and 6 tankers.
Koc’s Ditas expands the fleet
Ditas, Koc Holding’s shipowner company operating since 1974, accelerated its fleet investments. Ditas started take delivery of its orders from RMK Marin Shipyard, one of the Koc Group companies. The company is also in search for young second-hand ships from abroad. The company added the 15,000 DWT T. Adalyn tanker built by RMK Marin to the fleet in October 2018 and added the second 16,000 DWT vessel named T.Elinor to the fleet in April as part of two new tanker building projects. The company recently purchased the 2014 M / T Hign Sun chemical tanker, owned by D’Amico Tankers, for $ 26 million. Ditas Fleet Manager Coskun Agca said that many shipowners have disposed of the old ships and renewed the fleet with environmentally friendly ships in order to be ready for new regulations.
Arkas fleet reaches 60 ships
Arkas continued its fleet investments and increased the number of ships in the fleet from 57 in 2018 to 60 this year. Ranking 4th in Turkey’s largest shipowners based on tonnage, more than half of Arkas’ fleet consists of container ships. The fleet also has close to 10 tankers. All ships in the current fleet are reported to be in compliance with the new regulations.
Ciner adds 4 tankers to its fleet
Ciner Denizcilik had ordered 4 tankers to Korean Hyundai Heavy Shipyard last December. The vessels, each of which is 158,000 DWT, will be operated by the US shipping company Koch Shipping by 2025 under the charter agreement signed by the two companies. The total value of the ships to be built in Hyundai Heavy Industries is estimated at $ 254 million. Deliveries are scheduled to be completed from the third quarter of 2020 to the first quarter of 2021. The Ciner Group operates in Turkey and abroad with various capacities of 26 vessels consisting of dry cargo ships, tanker and container vessels with a capacity of 2.5 million DWT. The fleet has 20 bulk carriers, 2 tankers and 4 container ships.