A notable development in the logistics sector has emerged with the creation of a new logistics hub in Turkey, following regulatory approval from the Turkish Competition Authority. This newly formed entity, resulting from a merger, aims to meet the region’s increasing demand for advanced logistics solutions, enhance Turkey’s export and import volumes, create new industry opportunities, and solidify the country’s role as a key player in global supply chains.
The merger involves one logistics company securing a 58% stake in a prominent Turkish port, while the Turkish partner retains a 42% share in the merged operations. The ports will be rebranded to reflect the new partnership, strengthening their collective presence in the region.
This strategic alliance will offer a combined berthing space of 2,088 meters, allowing for the accommodation of multiple ultra-large container ships simultaneously. The annual container handling capacity is expected to reach 2 million TEUs, with expanded services to include project and heavy-lift cargo operations.
The integrated operation will benefit from improved road and rail connections, ensuring faster turnaround times. A dedicated team of over 900 logistics professionals will work to streamline cargo journeys, significantly enhancing efficiency.
“This partnership will bring substantial economic benefits to Turkey and the wider region,” stated a key executive. “The integration of our existing infrastructures will provide customers with a powerful new service offering at the heart of this increasingly important region for global trade.”
Another executive emphasized the merger’s benefits, noting, “This partnership combines global expertise with local knowledge, strengthening our presence in the port sector and expanding our investments. The new company will shorten operation times, increase service diversity, and add value to our customers and Turkey’s trade through efficiencies achieved across the two partnership terminals.”
Additionally, in May, new routes were established to alleviate key raw material shortages affecting Turkish importers across various industries, including automotive.
#ICTTMNews #BreakingNews #LogisticsUpdate #SupplyChainNews #GlobalTrade #PortOperations
