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Densa starts maritime business

Densa starts maritime business
Ömer and Demir Sabanc? entered in maritime sector with Densa Maritime Industry and Commerce Incorporation Company.

Ömer and Demir Sabanc? entered in maritime sector with Densa Maritime Industry and Commerce Incorporation Company.

At a time when freight rates hit the bottom and vessel prices decline fifty percent due to the global economic crisis, Ömer and Demir Sabanc? entered in maritime sector.

The cousins will compete with Yalç?n Sabanc? by their company Densa Shipping. Three Sabanc?, who are rivals at sea, act in unison to expand their company Döysa VIP Aviation in aviation sector.

Leaving Sabanc? Holding after the decease of Sak?p Sabanc?, individuals began their own business and made investments in fields including nourishment, medical, maritime and media. However, the number of individuals beginning a business increased and the competition in some sectors between the individuals from Sabanc? Holding grew.

Having established Döysa VIP Aviation Incorporated Company and having entered in aviation sector Yalç?n Sabanc?, Ömer Sabanc? ve Demir Sabanc? now become rivals at sea. Ömer Sabanc? and Demir Sabanc? take the first step in maritime transportation by establishing Densa Maritime Industry and Commerce Incorporation Company with Demet Sabanc? Çetindo?an and her spouse Cengiz Çetindo?an. The fifth partner of the company is Hac? Sabanc?, the son of Ömer Sabanc?.

The area of the activity for Densa Maritime Industry and Commerce Incorporation Company, which was established on 22 December 2008 with a capital of 100.000TL, consists of purchasing all manner of vessels, tankers and frigorific means of conveyance within legislation allowance for international and national sea shipment. Main office of the company is located in Üsküdar, Istanbul. Ömer Sabanc? is the chairman of the board and the vice chairman is Demet Sabanc? Çetindo?an.

Demir Sabanc?, one of the partners of Densa Maritime, left Sabanc? Holding in 2004 to start his own business after selling his share of 6.2 for $250m.

www.TurkishMaritime.com.tr

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