New en­vi­ron­men­tal reg­u­la­tion in­creases in­vest­ments in ship­ping

Dünya Executive - - BUSINESS - AYSEL YUCEL

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.

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