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Bilal Erdoğan’s firm buys new tanker for $18 mln

The BMZ Group, a company run by President Recep Tayyip Erdoğan’s son Bilal, alongside other family members, has purchased an $18 million tanker which will carry a Maltese flag. The M/T Shovket Alekperova is the third in a series of five tankers to be purchased by BMZ, the total cost of which will be around $90 million. The new tanker is 140 meters long and 16 meters wide and has a 7,100 deadweight tonnage (DWT) capacity. Last year, the company purchased two tankers, which had a price tag of $53 million combined. The BMZ Group is expected to receive the remaining two tankers before the end of this year. The company had ordered 10 tankers; however, it canceled the purchase of five of the vessels for unspecified reasons. The BMZ Group is reportedly taking advantage of the flag of convenience practice; that is, when a ship’s owner registers it in another country, enabling the owner to avoid paying taxes. The registered country’s flag is subsequently flown from the ship. http://www.hellenicshippingnews.com/bilal-erdogans-firm-buys-new-tanker-for-18-mln/

Palmali Group took delivery of Shovket Alekperova

Istanbul headquartered Palmali Group took delivery of 7,100 DWT tanker Shovket Alekperova on August 30, which is the seventh tanker of the RST22M project, reports Marine Engineering Bureau in a press release. A distinctive features of RST22M, RST22, 005RST01 and RST12 design tankers are fully revolving rudder propellers, an increased trunk, and submersible cargo pumps. The tankers do not have a longitudinal bulkhead in the CL, and no framing in their cargo tanks. The Volgo-Don Max. class vessels satisfy the Volga-Don Canal and the Volga-Baltic Waterway dimensions. The length of a RST22M vessel is 139.95 m, with a 16.6 m breadth, and a 6 m depth. The new tankers have a deadweight increased by 750 tonnes at sea, and an increased capacity of cargo tanks, while maintaining river capabilities. The vessels fully meet new international requirements for the transportation of vegetable oils, including two-compartment subdivision. The vessel is equipped with two medium-speed diesels, 1,200 kW each, operating on IFO380.