Turkey’s GSD makes first tanker foray

Turkey’s GSD makes first tanker foray

Turkish owner GSD Holdings has made its first foray into the tanker sector. Broking sources tell Splash the Istanbul- headquartered conglomerate has placed an order for a 50,000 dwt MR tanker at Hyundai Mipo Dockyard in South Korea. Splash understands GSD is paying $35.5m for the ship which comes with a swift delivery date next year as Hyundai Mipo has yet to fill out its slots for 2019.

GSD’s current fleet has five dry bulk vessels in the water with a sixth due for delivery from Japan’s Imabari Shipyard next month.

GSD is a diverse conglomerate. Other interests include an investment bank and a factoring firm.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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