Turkish ship and yacht exports reached $1.5 billion, according to a recent report. The Turkish ship and yacht industry recorded $1.5 billion (TL 70.48 billion) in exports in the first half of the year, and its executives hope to set a new record by the end of the year.
The Turkish ship, yacht, and services sector produced $1.5 billion in exports in the first half of the year, according to Mustafa Talha Pepe, chairperson of the Board of the Ship, Yacht and Services Exporters’ Association (GYHIB). He also stated that the industry hopes to set a new record by reaching between $2.5 billion and $3 billion in exports by year’s end.
Speaking to Anadolu Agency (AA), Pepe stated that deliveries of tugboats, special-purpose ships, and fishing vessels to Northern European nations were a major factor in the rise in exports, highlighting the industry’s ongoing efforts to become more competitive in global markets. In the first half of the year, our exports totaled $1.5 billion. We want to set a new record and export between $2.5 billion and $3 billion by the end of this year.
Pepe pointed out that delivery under contracts signed two or three years ago accounted for a large portion of the first-half performance and added that the nation’s shipbuilding sector has advanced significantly in recent years.
According to him, GYHIB aggressively promotes the industry overseas by hosting one-on-one business meetings and taking part in shipbuilding and yacht shows throughout Europe. First and first, we raise the flag of our nation before the banner of our association whenever we see potential, and we are proud of it,” Pepe stated. “We regularly attend trade fairs across Europe for both ships and yachts, and we do our best to promote both our industry and our country.”
According to him, the association is scheduled to attend trade shows in Germany and France in September and October after visiting Greece last month. “Wherever possibilities present themselves, we strive to represent both our nation and our industry. As long as there is a chance, we don’t care about boundaries or distances.
In addition, Pepe noted that shipyards’ order books had somewhat decreased from prior years, emphasizing the need for ongoing incentives and support systems to help the industry reach its full potential.
High-value sector
According to Pepe, shipbuilding and boat production is one of Turkey’s most valuable export sectors, with an average export value of about $25 per kilogram.
“I believe our industry is among those with the highest added value and makes a significant contribution to the overall value of Türkiye’s exports,” he stated. Pepe said that local manufacturing, employment, and domestic suppliers have all benefited from export development.
Competitiveness is strengthened by local production
Furthermore, he underlined that the industry’s export performance has been much improved by raising the proportion of locally made components.
He claimed that Turkish shipbuilders were encouraged to rely more on domestic suppliers as a result of the COVID-19 pandemic’s exposure of the weaknesses in globally interconnected supply chains.
“In shipbuilding and yacht construction, we are attempting to demonstrate to clients that we can guarantee a more seamless and dependable delivery process by optimizing domestic supplier inputs and decreasing reliance on imported supplies. Because of this, local production and domestic suppliers provide a significant contribution that is growing in value every day. “This option is also appreciated by end users,” he continued.
Green shipbuilding is becoming more popular
Pepe said that the industry has quickly adjusted to the shift to sustainable shipping, pointing out that more than half of the ships now constructed in Turkish shipyards are outfitted with ecologically friendly technologies that run on electricity or LNG.
He continued by saying that since Turkish shipbuilders actively monitor the global development of the marine industry and modifies their output accordingly; the number of green boats produced for Northern European markets has increased.
Pepe stated that maintaining the market share the sector has amassed in Europe over the years is its primary aim going forward.
He also emphasized that sustaining Turkey’s dominant position in fishing vessels, ferries, tugboats, and special-purpose ships will require ongoing support for the industry.
Source: Daily Sabah
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