Tag: Turkiye

The Turkish parliament has approved a carbon pricing mechanism for the shipping sector, allowing Turkey to tax emissions from commercial ships entering and departing its seaports.

On July 14, 2024, the Panama-flagged cargo ship "VOLGO-BALT 213" ran aground in Tirilye Neighborhood, stopping just 6-7 meters from the shore. 

A dry cargo vessel named Lady Ayana, loaded with wheat and en route from Russia to Tunisia, ran aground in the Marmara Sea off the coast of Istanbul on June 28, 2024.

An oil tanker, identified as Hera 1, experienced engine failure while transporting Russian crude through in Dardanelles shipping strait on May 23, causing a temporary blockage to maritime traffic.

According to GMS’s latest weekly ship-recycling report, as freight markets push further on, global ship recycling markets remain deprived of tonnage, making it an increasingly suffocating environment for ship recyclers to operate in.

According to GMS’s latest weekly ship-recycling report, in spite of Chinese New Year holidays having concluded over a week ago, the ongoing & unending lethargy that is permeating through global ship recycling markets is now being exclusively driven by the relentless & futile shortage of tonnage that is expected to continue until Spring.

According to GMS's latest weekly ship-recycling report, despite Chinese New Year Holidays, a pervading theme of an unrelenting dearth in the overall availability of tonnage across global ship recycling markets has been enduring for several quarters now, resulting in another dry and dreary week of market inactivity and silence across all recycling destinations.

On February 15, harsh weather led to the sinking of cargo vessel Batuhan A off the coast of Bursa’s Karacabey, Marmara Sea, Türkiye, resulting in six crew members missing.

On its latest weekly ship-recycling report, GMS finds that, despite the Pakistani & Bangladeshi markets stabilizing & displaying a far greater aggression at the bidding tables over the last 5 weeks (that too at ever improving rates), in addition to the long awaited Chinese New Year holidays that have finally descended across the world, it has been a remarkably quieter start to 2024 for ship recycling than many had anticipated.

A maritime pilot lost his life on Sunday morning by falling into the waters of the Bosphorus in Istanbul, as he was trying to board a cargo vessel.