{"id":79843,"date":"2024-07-22T00:00:00","date_gmt":"2024-07-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/07\/22\/dp-world-evyap-group-merge-to-manage-two-key-turkish-ports\/"},"modified":"2024-07-22T00:00:00","modified_gmt":"2024-07-22T00:00:00","slug":"dp-world-evyap-group-merge-to-manage-two-key-turkish-ports","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/07\/22\/dp-world-evyap-group-merge-to-manage-two-key-turkish-ports\/","title":{"rendered":"DP World + Evyap Group merge to manage two key Turkish ports"},"content":{"rendered":"

<\/strong>DP World + Evyap Group partner to boost port management in Turkey:<\/strong> DP World and Turkey\u2019s Evyap Group have entered a strategic merger and formed a joint venture, DP World Evyap, for the management of two major ports in Turkey\u2019s Marmara region, according to a statement<\/a> released on Friday. Neither the investment ticket nor the timeline have been revealed.<\/p>\n

The breakdown:<\/strong> Under the new venture, DP world will hold a 58% stake in Evyapport, and Evyap Group will absorb a 42% share of DP World Yarimca, according to the statement. The two maritime gateways will be rebranded to DP World Evyap Yarimca and DP World Evyap K\u00f6rfez to reflect the transition.<\/span><\/p>\n

Details:<\/strong> The JV will seek to manage over 2 mn TEUs in total container handling capacity annually by producing over 2k meters of berthing space by joining both terminals. The move looks to streamline logistics handling in the country, increasing Turkey\u2019s export and import capacity and solidifying its status as an international supply chain hub.<\/p>\n

What they said<\/strong>: \u201cThe new company will shorten operation times, increase service diversity and add value to our customers and T\u00fcrkiye's trade with efficiencies achieved across the two partnership terminals,\u201d said Evyap Holding CEO Mehmed Evyap.<\/p>\n

Background:<\/strong> Talk of the move between DP World and Evyap first made ink nearly a year ago<\/a>. The completion of the transaction was contingent upon regulatory approval, which the pair have now obtained from the Turkish Competition Authority.<\/p>\n

Other logistics giants are eyeing Turkey:<\/strong> AD Ports Group is also reportedly in talks<\/a> to acquire a stake in the key Turkish port of Izmir in a USD 500 mn transaction. The agreement could see AD Ports shell out investments in an entity established by Turkey\u2019s sovereign wealth fund to operate the facility. The UAE and Turkey inked a trade agreement last year, as the two countries looked to ramp up bilateral trade and investments.<\/p>\n","protected":false},"excerpt":{"rendered":"

The new JV is set to manage two major ports in Turkey\u2019s Marmara region<\/p>\n","protected":false},"author":1,"featured_media":79844,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[941],"tags":[23,137,37,231],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-79843","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-dp-world","tag-ma-watch","tag-ports","tag-turkey","wpautop","entry"],"acf":{"mongo_id":"ecfeff18-8911-44dc-b0ec-08f64764dc1e","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/1684.jpg","photo_position":"above","homepage_title":"","full_issue_title":"DP World + Evyap Group merge to manage two key Turkish ports","related_issue":[79838],"teaser":"The new JV is set to manage two major ports in Turkey\u2019s Marmara region","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.1a772ac4-8642-4239-a4c7-2331afeb104e.mp3"},"yoast_head":"\nDP World + Evyap Group merge to manage two key Turkish ports - 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