Azeri tycoon signs $200m deal with Turkey`s Besiktas
The Palmali cargo transport giant, run by
Azerbaijani tycoon Mubariz Mansimov, on Friday signed an agreement
worth $200 million with Turkey`s Besiktas group of companies. Under
the deal, Besiktas will build ten ships for Palmali, according to
the Turkish Haberler.com website.
The vessels, which have a total loading capacity of 7,100 tons, will be transferred to Palmali during the period from December 2010 till September 2013.
Yavuz Kalkavan, General Director of the Besiktas Group, has told journalists that the agreement is of great importance for Turkey`s shipbuilding industry, which has been hit hard by the world economic crisis.
Maarif Mansimov, General Director of Palmali, which is engaged in transporting consignments by sea in Turkey and Russia, noted that the company that owns and operates 130 ships is one of the largest cargo transportation companies in the world.
The Palmali and Besiktas groups of companies have been doing business together since 1998.
The vessels, which have a total loading capacity of 7,100 tons, will be transferred to Palmali during the period from December 2010 till September 2013.
Yavuz Kalkavan, General Director of the Besiktas Group, has told journalists that the agreement is of great importance for Turkey`s shipbuilding industry, which has been hit hard by the world economic crisis.
Maarif Mansimov, General Director of Palmali, which is engaged in transporting consignments by sea in Turkey and Russia, noted that the company that owns and operates 130 ships is one of the largest cargo transportation companies in the world.
The Palmali and Besiktas groups of companies have been doing business together since 1998.
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