Port News & Information Mediterranean, Black & Caspian Seas

OYAK and NYK to build $110 mln port in northwest Turkey

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Istanbul, Turkey (PortSEurope) August 3, 2020 – In 2019, Oyak, the Turkish military’s pension fund, in a joint venture with Japan’s Nippon Yusen (NYK) agreed to build a port in northwest Turkey, primarily to serve the local automotive industry. Oyak will hold a 55% stake in the enterprise and NYK the remaining 45%. An investment…

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