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23 April 2018 The on-line newspaper devoted to the world of transports 01:43 GMT+2



April 6, 2018

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Joint venture of Japanese NYK with Turk OYAK in order to realize a terminal for car in the port of Yarimca

The investment will pile to 110 million dollars

The shipowning group Japanese Nippon Yusen Kaisha (NYK) has signed an agreement yesterday in order to constitute joint venture with society OYAK Denizcilik ve Liman Isletmeleri AS (OYAK Port) of the Turkish group Erdemir (OYAK) to the aim to construct and to manage a terminal in the Turkish port of Yarimca dedicated to the traffic of new cars of factory, terminal - they have emphasized the two companies - that will be the first great terminal of this type near Istanbul.

The previewed investment will pile to about 110 million dollars. The new jont lucks OYAK NYK Ro Ro will be participated by OYAK Port with 55% and NYK with 45%.

According to the forecasts, the new terminal will begin the activity to half of the next year. The landing place will have a dock of 539 linear meters with depth of the -12/14 backdrop meters and an area of storage of about 180 thousand square metres.

Turkish group OYAK is present in the market of the automotive mainly with joint venture OYAK Renault that car in the plant of Bursa produces destined to the export mainly and that it is constituted in 1969 with the French automotive house Renault that stops 51% of the capital.




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