BMZ Snaps Up Tanker Pair

BMZ Group, a company owned by Turkish President Recep Tayyip Erdoğan’s son Bilal alongside other family members, has added two product tankers to its fleet of five, local media informed.

The two ships, Armada Fair and Türkter 82, are said to be worth a total of USD 36 million and have been chartered to Istanbul-based Palmali Shipping on a 10-year contract.

With the most recent purchase the BMZ’s fleet comprises of five tankers.

The purchase comes just a few months after BMZ Group bought a third tanker Shovket Alekperova also for USD 18 million. The group plans to add ten second-hand product tankers to its fleet and has earmarked around USD 180 million for the purpose.

The switch to second-hand tankers came after BMZ decided to bin its newbuilding program at Turkey’s Yardımcı and Türkter shipyards.

World Maritime News Staff

 

Share this article

Follow World Maritime News

In Depth>

Events>

<< Apr 2018 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

Singapore Maritime Technology Conference and Exhibition (SMTC) 2018

The 3rd Singapore Maritime Technology Conference and Exhibition (SMTC) 2018 is organized by the Maritime and Port Authority of Singapore…

read more >

Singapore Maritime Week 2018

Singapore Maritime Week (SMW), organised annually by Maritime and Port Authority of Singapore (MPA) and attracts…

read more >

8th Dredging & Land Reclamation World Summit 2018

The 8th Dredging and Land Reclamation Summit 2018 will gather the decision makers from Authorities and Operators responsible for ports…

read more >

Shipping 360

This course is ideal for those who have recently joined the maritime sector and those who need to have a better understanding…

read more >