Istanbul, Turkey (Ports Europe) July 19, 2024 – DP World and Evyap Group have merged port assets in the Sea of Marmara to create a new international logistics hub. Approval from the Turkish Competition Authority is required.
DP World acquired a 58% stake in Evyapport and the Evyap Group a 42% stake in DP World Yarımca. The merged entity is called DP World Evyap. The ports are named ‘DP World Evyap Yarımca’ and ‘DP World Evyap Körfez’.
The merger creates a combined berthing area of 2088 metres, allowing more than one ultra-large container vessel to berth simultaneously at both terminals. Total annual container handling capacity will exceed 2 million TEUs, and the integrated operation will be expanded to include project and heavy-lift cargo services.
The port operates in Kocaeli province İzmit Gulf with a Container Terminal, Tank Terminal and Project & General Cargo Terminal in a total area of 265,000 m². It can allow super post panamax ships to berth with its 1,171-meter berth and minimum water depth of 18.5 meters, meets the needs of the developing regional industry with its annual 855,000 TEU container, 1,120,000 tons of liquid cargo, 500,000 tons of general cargo handling capacity, rich equipment park and experienced human resources.
DP World is as global logistics company. Its business includes port terminal management.
Management comment
DP World Group Chairman and CEO, His Excellency Sultan Ahmed bin Sulayem, said: “DP World’s vision is to lead global trade into a stronger, more efficient and sustainable future. Our strategic partnership with Evyapport advances this strategy in Turkey, one of our most important markets. We’re delighted to be able to offer our customers enhanced end-to-end solutions and the many benefits of speed and efficiency that this union brings. We look forward to further developing DP World Evyap’s services.
Kris Adams, CEO of DP World Türkiye, said: “This is an exciting partnership that will bring significant economic benefits to Türkiye and the wider region. By combining the respective strengths of our existing infrastructures, DP World Evyap will provide our customers with a powerful new service offering at the heart of this increasingly important region for global trade”.
Mehmed Evyap, Founder and CEO of Evyap Holding, said: “This partnership combines the global expertise of DP World and the local knowledge of Evyapport and strengthens our presence in the port sector as we expand our investments in this area. The new company will reduce turnaround times, increase service diversity and add value to our customers and Turkey’s trade through the efficiencies achieved at the two partner terminals”.
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