DP World and Evyap Group have completed a strategic merger to create a new international logistics hub.
The newly formed entity, DP World Evyap, sees DP World assuming a 58% stake in Evyapport, while Evyap Group secures a 42% share of DP World Yarımca.
The rebranding will introduce ‘DP World Evyap Yarımca’ and ‘DP World Evyap Körfez’ as the new names for these key maritime gateways.
DP World Evyap is said to be intended to help meet the increasing demand for sophisticated logistics in the region, as well as “boost Türkiye’s export and import volumes, open up the growth of new sectors and strengthen the country’s growing status as a major hub in international supply chains”.
The merger, says DP World, will produce a combined 2088 metres of berthing space, and will allow more than one ultra-large container vessel simultaneously at both terminals. Total annual container handling capacity will also exceed 2 million TEUs, and the integrated operation expands to include project and heavy lift cargo services.
Moreover, DP World says the new hub will have access to advanced road and rail links, and expedited turnaround times, powered by “a team of over 900 logistics experts dedicated to optimising cargo journeys”.
Commenting on the deal, DP World Group Chairman and CEO, His Excellency Sultan Ahmed bin Sulayem, said:
“DP World’s vision is to lead global trade to a stronger, more efficient and sustainable future. Our strategic partnership with Evyapport advances this strategy in Türkiye; one of our most important markets. We’re delighted to bring enhanced end-to-end solutions to our customers and the many benefits in speed and efficiency of this union. We look forward to further developing the services of DP World Evyap.”
Mehmed Evyap, founder and CEO of Evyap Holding, added:
“This partnership combines the global expertise of DP World and the local knowledge of Evyapport and strengthens our presence in the port sector as we expand our investments in this field. The new company will shorten operation times, increase service diversity and add value to our customers and Türkiye’s trade with efficiencies achieved across the two partnership terminals.”