NYK to build car logistics terminal at Yarimca
The major Turkish company Oyak has set up a joint venture with the Japanese shipping company NYK Line to build a vehicle terminal at the Turkish port of Yarimca reports Dag Pike.
The new terminal which will be called Oyak Port, is located 90km south-east of Istanbul and it will be jointly owned with Oyak having 55% and NYK 45%. The cost of this project is estimated at $110 million.
The facility will have a yard area covering 180,000sqm, with enough storage for 8,000 vehicle units, and also provide pre-delivery inspection services. It is expected to have an initial annual capacity for 780,000 vehicles, which if met would make it one of the top 10 European vehicle handling ports. There will be two berths for car carrying ships along side the facility with the overall quay length being 539 metres. The depth of water alongside this quay will be between 12 and 14 metres allowing access at all times.
This new car terminal is being constructed on the eastern side of the existing port facility at Yarimca which is owned and operated by DP World. This is one of the largest container terminals in Turkey with a capacity of 1.3 million TEU per year and a depth alongside of 16 metres. This terminal was opened in 2016 with the eastern side remaining vacant.
NYK will participate in the port's construction, and the new terminal will be the first large terminal that is located in the suburbs of Istanbul and dedicated to finished cars. Operations are scheduled to commence in the middle of 2019, and high quality services such as PDI will be offered. Combining Oyak Port’s business base and NYK’s expertise in automobile transportation and terminal management, the new joint venture will be positioned to respond to demand in an area where finished-car imports and exports are expected to rise.
Koichi Chikaraishi, NYK Automotive Group president stressed his company was delighted to be part of the investment, which he anticipated forming part of a long-term cooperation. He added that the shipping line is committed to integrating its logistics services, which could also be offered to other sectors outside the automotive business.
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