EBRD supports new floating dock for Tersan, boosting shipyard capacity

• Financing to support construction of a new floating dock at Tersan’s Yalova shipyard
• Investment will expand capacity for vessel repair, retrofitting and energy-efficiency upgrades
• Project includes measures to promote women’s participation in the maritime sector

The European Bank for Reconstruction and Development (EBRD) is providing a loan of up to US$ 41 million to Türkiye’s Tersan Tersanecilik Taşımacılık Sanayi ve Ticaret to support the expansion of its ship repair and retrofit operations in the country.

The financing will be used for the construction of a new Panamax-sized floating dock at the company’s facility in Yalova, strengthening Tersan’s ability to service, retrofit and repair large maritime vessels.

Environmental regulations and commercial pressures are driving demand for upgrades that reduce fuel consumption, cut greenhouse gas emissions and extend the operational life of existing vessels.

The investment will help Tersan increase capacity, improve operational efficiency and expand the range of environmentally friendly solutions offered to vessel owners. It will also strengthen the competitiveness of Türkiye’s maritime services sector while supporting the decarbonisation of international shipping.

Matteo Patrone, Vice President, Banking at the EBRD, said: “This investment builds on our longstanding partnership with Tersan and supports the continued development of Türkiye’s maritime sector. It strengthens the country’s position as a leading maritime hub and contributes to a more competitive, greener and more resilient economy.”

Ahmet Paksu, Vice Chairman of the Board of Tersan, said: “We are delighted to further strengthen our longstanding and fruitful partnership with the EBRD through this significant investment. With this new floating dock investment, we are expanding our capacity in Yalova to provide even better, faster and more sustainable services to our customers. It allows us to meet the rising global demand for green vessel upgrades and retrofits, while driving the competitiveness of both Tersan and Türkiye's maritime services sector on the global stage.”

As part of the project, Tersan will implement measures to promote greater gender inclusion in the traditionally male-dominated maritime sector. These include joining the Women in Transport network, running awareness-raising activities and providing training to encourage women to pursue technical careers in maritime industries.

The EBRD is one of Türkiye’s key investors, with more than €24 billion committed in the country since 2009, largely in the private sector.