Running out of space in its traditional locations by the Sea of Marmara, Turkey’s Tersan Shipyard plans a new facility from scratch in the country’s south-east.
The greenfield project is developed at the free economic zone of Ceyhan, a well-known oil Mediterranean terminal, and is initially budgeted at $100m.
“This is entirely our investment, at the moment,” Tersan board chairman Nurettin Paksu told TradeWinds on the sidelines of the Turkish Maritime Summit in Istanbul.
