13,744.64 TRY BIST 100 BIST 100
53.44 EUR EUR EUR
46.17 USD USD USD
6.87 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
43.69 TRY Interest Interest
93.67 USD Fossil Oil Fossil Oil
6.21 USD Copper Copper
94.66 USD Silver Silver
101.39 USD Iron Ore Iron Ore
400.00 USD Shipbreaking Scrap Shipbreaking Scrap
6,089.00 TRY Gold (gr) Gold (gr)
101.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

Desan laid the foundation of its first overseas shipyard investment in Malaysia

Desan Shipyard laid the foundation for its shipyard project in Malaysia’s Malacca state. The project is being carried out within the SM-WEZ integrated development zone developed by the Malacca state.

Desan laid the foundation of its first overseas shipyard investment in Malaysia

According to the company’s statement, the groundbreaking ceremony was held under the leadership of Malacca Chief Minister YAB Datuk Seri Utama Ab Rauf bin Yusoh. The ceremony was attended by Desan Shipyard Chairman Cenk İsmail Kaptanoğlu, government representatives, local authorities, and industry stakeholders.

The project, which marks Desan’s first overseas shipyard investment, stands out as a significant step in strengthening defense and maritime cooperation between Türkiye and Malaysia. Developed within the scope of a joint venture and cooperation agreement signed with a local partner, the project will involve the establishment of a modern shipyard that will carry out military and commercial shipbuilding, as well as maintenance, repair, and modernization activities.

The facility, planned over a total area of 171 decares, will be developed in two phases, with the first phase covering 94 decares and the second phase 77 decares. Following the completion of engineering studies, bathymetric measurements, and soil surveys, construction has officially begun. The first phase of the shipyard is expected to be completed and become operational by the end of 2027.

In his remarks included in the statement, Kaptanoğlu emphasized that the investment is an important part of the company’s global growth vision. He noted that the groundbreaking ceremony represents not only the start of an investment but also a new phase in cooperation between Türkiye and Malaysia based on knowledge, technology, and capability sharing.

Kaptanoğlu also highlighted that the partnership with Malaysia is expected to pave the way for broader collaborations in the future and that the investment aims to contribute to the development of a regional maritime hub. He added that the project is anticipated to make a tangible contribution to strengthening economic and strategic relations between the two countries.

Source: AA

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

SteelRadar EFRS 2026’da artificial intelligence impacts on industry and digitalization discussed

Friday, June 12, 2026

SteelRadar visited Kiltaş stand at EFRS 2026

Friday, June 12, 2026

SteelRadar meets Kocaer Çelik general manager Mehmet Şevket Erol at EFRS 2026

Friday, June 12, 2026

İÇDAŞ launches automated measurement system at Çanakkale facility with Heraeus Electro-Nite

Friday, June 12, 2026

SteelRadar, EFRS 2026 international iron and steel symposium comes together with Uddeholm

Friday, June 12, 2026
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now