Two Killed, Four Missing as Cargo Ship Sinks in Black Sea Off Turkey

At least two people are dead and four others were missing after a Panamanian-flagged bulk carrier sank in the Black Sea off Turkey's coast on Monday. The Turkish Coast Guard received up a distress signal from the ship Volga-Balt 214 with 13 crew members on Monday morning as it was approximately 80 miles off the coast of Samsun in northern Turkey. Search and rescue crews … [Read more...]

Watch: Dramatic Rescue After Cargo Ship Grounds Near Istanbul

Turkish emergency crews have rescued 16 crew members from a cargo ship which ran aground near Istanbul on Wednesday. The Comoros-flagged ship, named Natalia, ran aground in heavy seas early Wednesday while en route to Istanbul from Russia, according to reports. Due to the conditions, rescuers were forced to evacuate the crew to shore using a breeches buoy in an operation … [Read more...]

Greek Naval And Turkish Cargo Ship Collide

by Michele Kambas (Reuters) - A Greek gunboat was nudged by a Turkish cargo vessel early on Friday while on patrol for unauthorized migrant crossings in the Aegean Sea, the Greek navy said. The gunboat “Armatolos” was on patrol off the island of Lesbos as part of a NATO operation when the incident occurred at 4 a.m. local time (0100 GMT).  The Turkish-flagged vessel … [Read more...]

Danish DFDS To Buy Turkish U.N. Ro-Ro in $1.2 billion deal

by Teis Jensen (Reuters) - Danish shipping and logistics company DFDS has agreed to buy Turkish freight shipping operator U.N. Ro-Ro from Turkish private equity firms Actera Group and Esas Holdings for 950 million euros ($1.17 billion) on a debt-free basis. It marks a change of course for the Turkish company, which had planned an initial public offering for up to 57.7 … [Read more...]