Palmali Company to Build Shipyard in Turkey
Azerbaijan, Baku / corr. Trend / Palmali group of companies intend to build a new shipyard in Turkey. The company purchased about 20 hectares in the region of Yalova in Turkey to build the shipyard, the company reported.
The company is planning to invest about $60mln in the project. Construction of tankers and dry cargo ships will commence from 2008. Initially tankers for transport of chemical production of dead-weights 15,000 or 20,000 tons will be constructed.
Palmаli transports cargo in the Mediterranean, Caspian and Black Seas. The company is a leader in transporting in Russian internal ports.
The fleet of the company is more than 120 vessels.