DP World and Evyap Group have completed a strategic merger, combining the strengths of two major Marmara Sea ports to form a new international logistics hub that will strengthen Turkey’s central role in global trade. The completion follows regulatory approval from the Turkish Competition Authority.
The newly formed entity, DP World Evyap, sees DP World assume a 58% stake in Evyapport, and Evyap Group secures a 42% share of DP World Yarımca.
The key maritime gateways will be rebranded as ‘DP World Evyap Yarımca’ and ‘DP World Evyap Körfez’.
DP World Evyap will help meet the region’s growing demand for sophisticated logistics, increase Turkey’s export and import volumes, open up new sectors, and strengthen the country’s growing status as a major hub in global supply chains.
The merger will result in 2,088 meters of berthing space and the ability to accommodate more than one ultra-large container vessel simultaneously at both terminals. The total annual container handling capacity will also exceed 2 million TEUs as the integrated operation expands to include project and heavy-lift cargo services.
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