Turkish new-build market: is a period of consolidation inevitable?
While deliveries may be unaffected by COVID-19, the number of yards in the country seems unsustainably high…
With a delivered superyacht fleet of 404, which is seven per cent of superyachts on the water today, Turkey holds a healthy share of the global new build market. However, data provided by The Superyacht Agency shows that there has historically been a high ratio of active Turkish shipyards to delivered projects and, with a lessening number of annual deliveries in recent years, there are questions over whether the number of shipyards in the country is sustainable to support its domestic supply chain.
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