• 2017 July 23 14:24

    Turkish company Alternative Transport secures EBRD loan to purchase new Ro-Ro vessel

    The EBRD is providing a boost to the Turkish shipping industry with a €27.5 million loan to fast-growing sea transportation firm Alternative Transport that will help it realise its international potential. The loan will finance the acquisition of a new Ro-Ro cargo ship, EBRD said in a press release.

    Alternative Transport is investing in a new €55.5 million vessel with a capacity of 283 trailers to carry wheeled cargo such as cars, trucks, trailers or railroad cars that are driven on and off the vessel.

    In addition, a €4.5 million junior loan will be provided under the EBRD's Green Logistics Programme, which is funded by the Global Environment Facility. Turkey’s largest lender Isbank is extending a parallel loan of €16 million.

    The new cargo ship will enable the firm’s much-needed expansion on the route connecting the Istanbul port of Haydarpasa and the north-eastern Italian port city of Trieste, increasing profitability and operating efficiency.

    The EBRD has previously financed the acquision of the other three ships on this route.

    Sea shipping is the leading mode of transport for Turkish international trade, both by value and volume. Over 60 per cent of imports and 55 per cent of exports, by value, are seaborne. Backed by Turkey’s strong trade relationship with Europe, the sector is continuing to grow rapidly. Trucks heading to western Europe are increasingly turning to sea transport which provides lower costs and more diverse, more predictable and more efficient services.

    Ro-ro vessels form an integral part of developing the “motorways of the sea”, an international vision to transform shipping into a genuine, more environmentally friendly alternative to overcrowded land transport.

    Sue Barrett, EBRD Director for Transport, said: “Although the importance of ro-ro transportation between Europe and Turkey is increasing rapidly, shipping companies in Turkey suffer from scarce access to long-term financing. This is our second transaction with Alternative Transport, a truly international sea transport firm, as we believe shipping operations are not only a successful business but also support a cleaner, safer and more efficient transport system for the country’s booming trade.”

    The founder and chairman of Alternative Transport, Ahmet Musul, said: “We are pleased with the support of EBRD, which helps to make possible the execution of our strategy to develop intermodal solutions linking major European ports. On top of that we keep developing our infrastucture; we invest in new vessels, trucks, warehouses and own ports to the benefit of our customers.”

    Alternative Transport was established in 2013 by Ahmet Musul, who also founded Ekol, an integrated logistics company which provides international freight, warehousing, domestic distribution, foreign trade, customs and supply chain management services in 15 countries. Building on an over 20-year experience of its sister company, Alternative Transport gained a market share of as much as 18 per cent in its first year of operations.

    Helping boost Turkey’s sea freight transport is part of the EBRD’s Green Economy Transition (GET) approach which puts investments that bring environmental benefits at the heart of the Bank’s mandate. The EBRD is aiming to increase the level of its financing in the sphere of sustainable resources to 40 per cent of the annual business by 2020.

    The Bank is a leading investor in Turkey. It started investing in the country in 2009 and has to date invested over €9 billion in the country through more than 220 projects across many sectors and has mobilised nearly €20 billion for these ventures from other sources of financing. Some 98 per cent of the Bank’s investments in Turkey are in the private sector.




2020 September 30

18:06 Drone delivers package to inland vessel in port of Rotterdam
17:52 Investments into Astrakhan Region SEZ to exceed RUB 25 billion by 2026
17:36 Yang Ming announces new Chairman
17:20 Sredne-Nevsky Shipyard launches minesweeper of Project 12700, Georgy Kurbatov
17:06 Nexans to supply 46 kilometers of umbilicalsto Subsea 7 for Senegal’s first offshore oil development
16:57 LR awards Digital Safe Security certification to Evergreen for its 12k TEU container ship newbuilding
16:46 APM Terminals Poti reports record box throughput in Sept
16:28 Nikolai Artyomov appointed as General Director of Murmansk Shipping Company
16:19 Maersk despatches first train from Rotterdam to China
16:05 Austal Australia delivers 83 metre trimaran ferry to Jr Kyushu Jet Ferry
15:53 Krasnoye Sormovo shipyard launches dry cargo carrier Alfa Atlant
15:25 Acceptance/delivery certificate signed for Victor Chernomyrdin icebreaker
15:02 NYK Group RORO carrier rescues fishermen at the Strait of Malacca
14:17 Maersk launches its cold store in South Africa
14:12 Finnpilot to undergo reorganisation as of 1 October 2020
13:24 Port of San Diego celebrates completion of Tenth Avenue Marine Terminal modernization project
13:10 RS introduces new distinguishing marks for class notation
12:09 Detachment of RF Navy’s Pacific Fleet returned to Vladivostok after long range campaign in Asia-Pacific region
11:31 Russia’s seaborne cargo traffic turnover to rise by some 10% in 2020
11:04 Port of Los Angeles and Port of Long Beach to host Clean Air Action Plan update meeting
10:50 Rosmorport announces tender for dredging in Kavkaz port’s water area
10:23 Bunker prices decrease in the Port of Saint-Petersburg, Russia (graph)
09:36 MABUX: Bunker market this morning, Sept 30
09:35 Scorpio Bulkers announces the sale of a Kamsarmax vessel
09:27 Oil prices continue decreasing
09:12 Baltic Dry Index as of September 29
08:33 Keppel reaffirms Vision 2030 and rolls out next steps for implementation
07:29 ADNOC signs 25-year agreement to service all petroleum ports in Abu Dhabi

2020 September 29

19:01 Carnival Cruise Line’s Mardi Gras departs on sea trials
18:37 Great Lakes announces receipt of $105 mln Jacksonville deepening award
18:03 Kongsberg Digital wins contract to deliver cutting-edge engine room simulator to German training institute
17:55 Murmansk Commercial Seaport expands its fleet of equipment
17:31 Milaha signs deal with Schlumberger
17:16 Expansion of Aberdeen Harbour by Van Oord in full swing
17:08 HHLA invests in the Adriatic Port of Trieste
16:29 Record-high number of international cruise ships to arrive at the Port of HaminaKotka next year
16:05 Hamworthy Pumps makes strong re-entry to tanker market
15:44 New BIMCO Shipping KPI version offers improved benchmarking concept
15:32 Free energy scan for inland vessels is to stimulate the use of shore power
15:05 Mir sailing training ship accepts new shift of cadets
14:30 Admiral Essen frigate of RF Navy’s Black Sea Fleet passes Black Sea Straits towards Mediterranean Sea
13:58 Traficom surveyed Maritime professionals’ opinions regarding N2000 fairway and nautical chart reform
13:13 Victor Shitukhin is appointed as Acting Director of its Ship Repair Plant ‘Nerpa’
12:49 Lotos shipyard lays down two self-propelled dredgers
12:11 Bunker prices decrease in the Far East ports of Russia (graph)
11:47 Port of Antwerp focuses heavily on general cargo: search begun for breakbulk candidate for Churchill Dock
11:27 Joint oil spill exercise tests inter-agency response and cooperation amidst COVID-19 pandemic
10:46 New impetus for digitalization of shipping in the COVID-19 pandemic
10:09 IAPH presents guidelines for LNG-powered vessels during port calls
09:54 Oil prices are decreasing
09:35 Port Authority of Singapore holds joint oil spill exercise
09:15 Baltic Dry Index as of September 28
08:58 MABUX: Bunker market this morning, Sept 29

2020 September 28

18:57 Okeanis Eco Tankers announces one year VLCC time charter
18:27 Bumi Armada secures third FPSO project in India
18:07 Wilhelmsen and thyssenkrupp step-up collaboration, establishing 3D printing joint venture targeting the maritime industry
17:59 RF Government to allocate RUB 27.6 billion for construction of two scientific research ships
17:28 Port of Long Beach announces closure of traffic routes leading to the Gerald Desmond Bridge
17:05 Maersk Supply Service and Ørsted to test offshore charging buoy to reduce vessel emissions
17:02 Oboronlogistics completed Northern Delivery programme of 2020