Published: Monday, 20 June 2016

Turkish yacht builder Bilgin Yachts Shipyard was listed number one exporter in terms of export revenues in 2015 by Istanbul Exporters’ Association.

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(Photos: Bilgin Yachts - Bilgin 80 MT)

Istanbul Exporters’ Association organised the 12th The Most Successful Exporters Award Ceremony May 27. The biggest exporter companies under the sub-sectors of the association were listed in terms of their export revenues in 2015. With its two deliveries last year, the Bilgin 160 Classic-II and the Bilgin 164, the company was listed number one exporter among Turkish Ship and Yacht Exporters Association under the umbrella of Istanbul Exporters’ Association.  

“Turkish shipyards are getting more experienced day by day and making a name in the European yacht building sector with their construction quality and competitive labor costs” says Bilgin’s CEO İsmail Şengün.

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(Bilgin Team)

Turkey has become the third yacht producer country following Italy and Netherlands. The State of Wealth, Luxury and Yachting’ 2015 report by Camper & Nicholsons and Wealth-X shows that Turkey is holding seven per cent of the global market with 324 boats built in 2015. According to Turkish Marine Industry Association’s 2015 Turkish Yachting Industry Report, together with the supplier industry, Turkish yachting sector has reached $5,5 billion in terms of economic magnitude. The annual growth rate of the sector is 20 per cent.

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(Bilgin 263)

“Boat sizes are getting bigger both in sailing boats and super yachts. Global economic slowdown has put a brake on this trend,” says Şengün. “However, the sizes are still expanding in Turkey. Bilgin 263, our latest contract and biggest super yacht to be built in Turkey, is a good case in this point. The reason behind this success is Turkey’s advantage in terms of geographical location. When labour and material quality, cost advantage, number of marinas and boat yards and ability to meet customer needs added to that, the sector has way more potential than it is today.”