Turkey"s worldwide market share in shipbuilding has risen from 0.9% to 1.4% making Turkey 5th in shipbuilding behind Germany, who occupies 4th place with a share of 3.6%.
Due to projects implemented by the Turkish ministry of transport in the last 4 years to increase shipyard capacity, Turkey"s worldwide market share in shipbuilding has risen from 0.9% to 1.4% making Turkey 5th in shipbuilding behind Germany who occupies 4th place with a share of 3.6%. With these developments the Turkish ministry of transport"s bureau for maritime affairs has expanded its goals to become 4th by 2010. Mr Binali Yildirim Turkish minister of transport told Zaman"s Shipbuilding capacity has increased by an average of 65% in the last four years. The number of shipyards operating or about to start operating in Tuzla as well as in the Black Sea, Izmit Gulf, Yalova, in the Aegean or Mediterranean has reached 60. We used to build ships of up to 20,000 tonnes maximum but we are currently able to build ships of up to 60,000 tonnes to 70,000 tonnes.
As per reports, Turkish shipbuilding capacity rose from 654,000 DWT to 1.4 million DWT since 2003 and the amount of sheet steel processed in shipyards has doubled. Maintenance and repair capacity have also seen a considerable increase. A million ton yearly capacity has been reached with the restructuring of some other shipyards.