Besiktas Shipyard

Besiktas secures Palmali barge deal

Turkey’s Besiktas Shipyard has clinched a deal to build a platform-construction barge for Palmali Shipping, which has in turn chartered the vessel to Russian major Lukoil.

The contract is said to be worth $50m.

General manager of the yard Murat Bener says the barge will have a lifting capacity of some 15,000 tonnes. It will be built at Besiktas in four pieces and then towed to the Caspian Sea where it will be used by Lukoil in the construction of drilling platforms. Palmali is understood to have fixed the barge to Lukoil for eight years.

Palmali has proved to be a good client for Besiktas, which is involved in building a series of river-sea products tankers for the Istanbul-based owner. It landed the $200m order for up to 10 vessels in 2009.

Five have been delivered and three of the five options have been confirmed. The remaining pair of options are waiting for the green light.

Besiktas is currently close to starting its most sophisticated newbuilding project, a 9,000-cbm ethylene carrier for a joint venture between Gas & Heat of Italy and the Besiktas group. The ship will cost around EUR 26m ($34.3m) and will be the first ethylene tanker ever built in Turkey.

Steel cutting is slated for April and the ship is due to be delivered in the first quarter of 2013.

Besiktas has previously built LPG carriers for Gas & Heat with the tanks being brought in by heavylift vessels for installation.

Prior to opening its own yard in the Yalova region, the group had been building vessels at other Turkish facilities since 2001, a large number of which were sold to foreign buyers. To date it has built 30 ships ranging from 4,000 dwt up to 26,000 dwt, including products tankers, ice-class chemical tankers, river tankers and gas carriers.

15 February 2012, 08:20 GMT