UZMAR lands €28M debt facility to expand tug and pilot vessel yards
What's the deal? Turkish shipbuilder UZMAR GroupDealroom has a profile for this one. Try Dealroom → has secured a €28 million financing facility from Germany-based AKA BankDealroom has a profile for this one. Try Dealroom → to expand its shipyard operations. The deal, backed by trade insurer Euler HermesDealroom has a profile for this one. Try Dealroom →, is structured over 10 years and represents the first tranche of a wider long-term investment plan.
What's the endgame? The money will fund an expansion of UZMAR's shipbuilding capacity, focused on pilot and tug vessels. The company aims to strengthen its position in the maritime sector while continuing to invest in its yard facilities.
Why now? AKA Bank CEO Marck Wengrzik described shipbuilding as a fast-growing and promising industrial sector. Chairman A. Noyan Altuğ said the agreement marks a significant step in UZMAR's growth journey.
The signal: The facility reflects export-credit support for Turkey's shipbuilding industry, with German financing backed by Euler Hermes cover. It signals confidence in the specialised pilot and tug vessel market.
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