Independent journal on economy and transport policy
01:43 GMT+2
Turkish shipyards on the verge of closure due to financial crisis
(Zaman Daily Newspaper)
February 7, 2011
Mürsel Karadeniz, Istanbul Zaman Daily Newspaper
The number of operating Turkish shipyards has decreased by 60 percent since 2008, when the global financial crisis started, leading to a possible closing down of the sector.
The tremendous growth of the Turkish shipbuilding industry began in 2005, when orders increased tenfold, and lasted until 2008, when the shipbuilding sector had reached a total turnover of $3 billion. Due to the global financial crisis that started in 2008 the sector, which was able to build approximately 250 ships per year, has witnessed many cancelled orders ...... Read more on Zaman Daily Newspaper
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
