The U.S. imposes sanctions on two tankers, including one whose owner claims unjust targeting, accusing them of breaching the cap on Russian oil prices. The Joe Biden Administration has enforced sanctions on certain tankers and their official owners for contravening restrictions related to the pricing of oil. However, Emirhan Sabanci, the chief representative of Istanbul-based shipowner and operator Yasa Shipping, communicated that their ship was mistakenly implicated in the recent sanctions enforcement. The U.S. Treasury’s Office of Foreign Assets Control (OFAC) has included the MT SCF Primorye, a 157,000-dwt suezmax tanker constructed in 2009, and its Dubai-based registered owner, Luber Marine, in its sanctions list, alleging violations in the trade of Russian oil. Currently, one of the richest Turkish conglomerates Sabanci Family’s Istanbul-based Yasa Shipping has a fleet of 14 tankers and 38 bulk carriers. 13-October-2023
Istanbul-based shipowner and operator Yasa Shipping ordered four (4) ultramax bulk carrier newbuildings 63K DWT at Cosco Heavy Industry Zhoushan Shipyard. One of the richest Turkish conglomerates Sabanci Family’s Istanbul-based Yasa Shipping will pay $31 million each. Sabanci Family-controlled Yasa Shipping will start taking delivery of ultramax bulk carrier newbuildings in Q1 2025. Yalcin Sabanci-led shipowner and operator Yasa Shipping expanding the company’s bulker newbuilding order book with bulk carrier newbuildings. 19-January-2023
Istanbul-based shipowner and operator Yasa Shipping ordered three (3) handysize bulk carrier newbuildings at Jiangmen Nanyang Ship Engineering. One of the richest Turkish conglomerates Sabanci Family’s Istanbul-based Yasa Shipping will take delivery of the three (3) handysize bulk carrier newbuildings in 2025. Yalcin Sabanci-led shipowner and operator Yasa Shipping has been diversified into handysize and kamsarmax segments. Yalcin Sabanci-led shipowner and operator Yasa Shipping’s new building appetite provides further evidence of the dynamic expansion activity displayed by Turkish shipowners in 2022. Meanwhile, some of the largest Turkish shipowners are piling up shipyard new building agreements and secondhand assets. Recently, Istanbul-based shipowner and operator Yasa Shipping took delivery of three (3) bulk carrier newbuildings in China. Sabanci Family-controlled Yasa Shipping replenished the company’s order book by inking as many ships in China again. Currently, Istanbul-based shipowner and operator Yasa Shipping has a fleet of 13 tankers and 27 bulk carriers. 25-December-2022
Istanbul-based shipowner and operator Yasa Shipping ordered seven (7) 40K DWT open-hatch handy bulk carrier newbuildings at Jiangmen Nanyang Ship Engineering. Furthermore, Yasa Shipping ordered two (2) 82K DWT kamsarmax bulk carrier new buildings at Cosco Shipping Heavy Industry Yangzhou Shipyard (Cosco HI). One of the richest Turkish conglomerates Sabanci Family’s Istanbul-based Yasa Shipping is stepping up the company’s presence in dry bulk shipping. Yalcin Sabanci-led shipowner and operator Yasa Shipping has been diversified into handysize and kamsarmax segments. Newbuildings are part of the Turkish shipowner and operator Yasa Shipping’s fleet renewal program. Currently, Istanbul-based shipowner and operator Yasa Shipping has a fleet of 13 tankers and 24 bulk carriers. 12-August-2022
Istanbul-based shipowner and operator Yasa Shipping owned 2019 built ultramax bulk carrier 61K DWT MV Yasa Jupiter has been hit by a shell while underway from the Odessa Port, Ukraine. Yasa Shipping owned MV Yasa Jupiter unloaded a cargo of bauxite at Odessa Port, Ukraine. Turkish tycoon Yalcin Sabanci-led shipowner and operator Yasa Shipping owned MV Yasa Jupiter was chartered out to Cargill for a long period. Cargill sub-chartered MV Yasa Jupiter to Oldendorff Carriers. Turkish shipowner and operator Yasa Shipping verified the incident. Istanbul-based shipowner and operator Yasa Shipping owned 2019 built ultramax bulk carrier 61K DWT MV Yasa Jupiter’s windows were shattered. No injuries have been reported on board MV Yasa Jupiter. 24-February-2022
Istanbul-based shipowner and operator Yasa Shipping ordered two (2) ultramax bulk carrier newbuildings at Dalian Cosco KHI Ship Engineering Co (Dacks) for around $33 million each. Turkish tycoon Yalcin Sabanci-led shipowner and operator Yasa Shipping contracted two (2) ultramax bulk carrier newbuildings in direct negotiations with Dalian Cosco KHI Ship Engineering Co (Dacks). Turkish shipowner and operator Yasa Shipping’s two (2) ultramax bulk carrier newbuildings will be built to comply with Phase 3 standards of the EEDI (Energy Efficiency Design Index). Istanbul-based shipowner and operator Yasa Shipping will take delivery of two (2) ultramax bulk carrier newbuildings in 2023. The quality of Dalian Cosco KHI Ship Engineering Corporation’s (Dacks) vessels are guaranteed by Kawasaki Heavy Industries (KHI). The two (2) ultramax bulk carrier newbuildings as part of the Turkish shipowner and operator Yasa Shipping’s fleet renewal program. Currently, new building bulk carriers’ price tags rise due to strong demand for containerships and bulk carriers. In 2018, Yasa Shipping ordered four (4) ultramax bulk carrier newbuildings at Dalian Cosco KHI Ship Engineering Co (Dacks) for around $24 million each. Yasa Shipping took delivery of ultramax bulk carrier newbuildings MV Yasa Saturn, MV Yasa Jupiter, MV Yasa Mars, and MV Yasa Venus in 2019. In March 2022, Yasa Shipping acquired two (2) 85K DWT kamsarmax bulk carrier newbuildings at Chengxi Shipyard from China Minsheng Trust. In April 2022, Yasa Shipping acquired 2021 built kamsarmax bulk carrier 84K DWT MV Yasa Diamond Chengxi Shipyard from AVIC International Leasing for around $30 for around each. Currently, Istanbul-based shipowner and operator Yasa Shipping has a fleet of 12 tankers and 23 bulk carriers. 27-September-2021
Turkish tycoon Yalcin Sabanci-led shipowner and operator Yasa Shipping acquired 2021 built kamsarmax bulk carrier 84K DWT MV Yasa Diamond (MV SDTR Bella) which is under construction at Shanhaiguan Shipbuilding. Istanbul-based shipowner and operator Yasa Shipping paid around $30 million for MV Yasa Diamond (MV SDTR Bella). Furthermore, Yasa Shipping was in talks to acquire four (4) kamsarmax bulk carriers at Chengxi Shipyard. One of the richest Turkish conglomerates Sabanci Family’s Yasa Shipping favors expanding with new-buildings instead of acquiring secondhand bulkers. Currently, Yasa Shipping owns and operates 25 bulk carriers and 12 tankers. 20-April-2021
Istanbul-based Yasa Shipping controlled 2011 built bulk carrier 83K DWT MV Yasa H Mehmet was arrested in Singapore over a small ship chandler bill by Carr Group. Singapore-based ship chandler Carr Group filed an arrest warrant against MV Yasa H Mehmet. Yasa Shipping has been infrequently associated with ship arrest cases. Yasa Shipping’s agents were in the process of lodging security for the arrest. Yasa Shipping predicts that the MV Yasa H Mehmet would resume its voyage soon. Turkish shipowner and operator Yasa Shipping is part of Yasa Holdings. Currently, Yasa Shipping controls a fleet of 22 bulk carriers. Sister company Yasa Tankers controls a fleet of 9 tankers. 17-November-2020
Istanbul based shipowner and operator Yasa Shipping sold second supramax bulk carrier. Shipping tycoon Yalcin Sabanci-led Yasa Shipping sold 2006 built supramax bulk carrier 56K DWT MV Yasa Ozcan to Indonesian shipowner Gurita Lintas Samudera for about $10.6 million. In September 2019, Yasa Shipping sold sistership 2005 built supramax bulk carrier 56K DWT MV Yasa Gulten to Bangladesh based shipowner and operator Alunited Maritime for about $10.6m million. MV Yasa Gulten was renamed as MV Akij Moon. In August 2019, Yasa Shipping sold 2005 built panamax bulk carrier 82K MV Yasa Neslihan to Athens based Pittas family for about $11.3 million. Yasa Shipping is now left with a fleet of 21 supramax, ultramax, and panamax bulk carriers. In October 2019, Jakarta-based Gurita Lintas Samudera (GLS) acquired a 2002 built panamax bulk carrier 74k DWT MV Maria Nashwah (ex MV Oregon) from Greek shipowner Cardiff Marine. Indonesian shipowner Gurita Lintas Samudera (GLS) has a fleet of 15 bulk carriers which are mostly used to carry Indonesian coal and mineral cargoes. 12-December-2019
Istanbul-based shipowner and operator Yasa Shipping is taking advantage of the strong S&P (Sale-and-Purchase) market to sell vintage bulk carriers. Yasa Shipping aims to sell some of its oldest bulk carriers as part of fleet-renewal plans. In August, Yasa Shipping sold 2005 built bulk carrier 82K DWT MV Yasa Neslihan for around $11 million. Previously, Yasa Shipping sold 2005 built supramax bulk carrier 56K DWT MV Yasa Gulten and 2006 built supramax bulk carrier 56K DWT MV Yasa Ozcan. 11-September-2019
Turkish tycoon Yalcin Sabanci led shipowner and operator Yasa Shipping is aiming to sell 5 dry bulk carriers which were all built in Japan: MV Yasa Gulten, MV Yasa Ozcan, MV Yasa Team, MV Yasa Unity and MV Yasa Neslihan. Yasa Shipping is in the mid of major fleet renewal and disposing dry bulk carriers before taking delivery of 12 new-buildings in 2019.
Turkish dry bulk and tanker shipowner has an ambitious newbuilding programme. Four (4) ultramax dry bulk carriers are on order at Jiangsu New Yangzijiang Shipbuilding, 4 at Cosco Dalian Shipyard, and four (4) MR tankers at Hyundai Mipo Dockyard. Currently, Yasa Holding’s subsidiary Yasa Shipping has a fleet of four (4) aframax tankers trading and two (2) MR tankers. Currently, Yasa Shipping has 10 supramax, 9 panamax, and 1 capesize dry bulk carriers in the fleet. 27-July-2018
One of the richest Turkish conglomerate Sabanci Family’s Istanbul-based Yasa Shipping has ordered new-buildings at Nantong Cosco KHI Engineering (NACKS Shipyard which was established in 1999 as a joint venture between China Cosco Shipping and Japan’s Kawasaki Heavy Industries ) in China. Yasa Shipping ordered 4 ultramax dry bulk carriers 61K DWT at Nantong Cosco KHI Engineering for $24.5 million each and due to be delivered between 2019 and 2020. Yasa Shipping’s ultramax orders will be built under the old IMO Tier II standards. Currently, Yasa Shipping has a fleet of 6 tankers and 20 dry bulk carriers. In June 2017, Yasa Shipping was reported to have signed an LOI with Yangzijiang Shipbuilding for up to 8 ultramax dry bulk carriers but later the deal collapsed. In December 2017, Yasa Shipping was reported to have signed an LOI with Yangzijiang Shipbuilding for 3 newcastlemax dry bulk carriers and again the deal collapsed. 15-January-2018
Turkish shipowner and operator Yasa Shipping has ordered up to eight (8) ultramax dry bulk carriers at Chinese Yangzijiang Shipbuilding for delivery in 2019. Yasa Shipping’s contract will be signed once the company secures financing. Yasa Shipping 64K ultramax dry bulk carriers would be built according to International Maritime Organization (IMO)’s Tier II standards for around $24 million each ship. In 2007, Turkish shipowner and operator Yasa Shipping ordered eight 30K handy size dry bulk carriers at Tsuji Heavy Industries (Jiangsu) in China for $240 million total. Afterward, the contract collapsed when Tsuji Heavy Industries (Jiangsu) got into financial trouble. In 2016, Turkish shipowner and operator Yasa Shipping bought 2 supramax dry bulk carriers in 2013 built 55K DWT M/V Yasa Sparrow (ex M/V Sharp) and 2013 built Yasa Canary (ex M/V World) for $9.3 million each. Currently, Turkish shipowner and operator Yasa Shipping has 6 tankers and 20 dry bulk carriers in the fleet. 5-July-2017