Turkish dry bulk shipowner GSD Marin is planning to diversify into tankers. Istanbul based shipowner GSD Marin which is part of GSD Group, is betting that a strong global economic recovery will boost the shipping industry.
CEO Akgun Turer led GSD Marin is inclined to spend in new tanker acquisitions. Currently, GSD Marin has a fleet of 5 bulk carriers. All bulk carriers are chartered out around $11,000 per ship.
GSD Marin believes that bulkers and tankers would balance operational profitability. GSD Marin belongs to the Turkish GSD Group which also owns an investment bank.
In 2015, GSD Group sold 76% of Turkish lender Tekstilbank for around $250 million to Chinese bank ICBC (Industrial Commercial Bank of China).