14,375.40 TRY BIST 100 BIST 100
52.74 EUR EUR EUR
44.89 USD USD USD
6.62 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
39.88 TRY Interest Interest
98.48 USD Fossil Oil Fossil Oil
6.05 USD Copper Copper
113.27 USD Silver Silver
106.97 USD Iron Ore Iron Ore
378.00 USD Shipbreaking Scrap Shipbreaking Scrap
6,887.57 TRY Gold (gr) Gold (gr)
107.00 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

Lufthansa jet fuel crisis forces cancellation of 20,000 flights

Wednesday, April 22, 2026

Türkiye’s iron and steel exports rise in March despite decline in overall exports

Wednesday, April 22, 2026

India to convene open hearing on April 27 to discuss steel imports

Wednesday, April 22, 2026

Steel Dynamics increased its net income to $403 million in the first quarter of 2026

Wednesday, April 22, 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