Articles

The Transport Finance Law Review

I INTRODUCTION

i The transport finance industry

Shipping

The Turkish shipping industry consists of both manufacturers (shipyards) and ship-owners and operators. The total tonnage of the Turkish commercial fleet reached its peak level of 30 million dead-weight tonnage (dwt) in 2014, but has since decreased to 27.5 million dwt following the global slowing trend experienced in the shipping sector in 2015. Turkey currently has the 13th-largest privately owned shipping fleet in the world. Commercial loans and financial leasing structures are the most preferred asset-financing models in the Turkish shipping sector.

Aviation

The Turkish aviation sector is experiencing a rapid growing trend, by virtue of large aircraftoperator companies that have adopted aggressive fleet-expansion policies.

 

The Transport Finance Law Review
Reproduced with permission from Law Business Research Ltd.
This article was first published in The Transport Finance Law Review, 2nd edition
(published in May 2016 – editor Harry Theochari).
For further information please email
nick.barette@lbresearch.com