• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Research
    • Markets & Technologies
    • Raw Materials
    • Top Companies
    • Directories
    • Jobs
    • Events
    • Microsites
    • More
  • Magazine
  • News
  • Research
  • Markets & Technologies
  • Raw Materials
  • Top Companies
  • Directories
  • Jobs
  • Events
  • Microsites
  • Current / Back Issues
    Features
    Business Corner
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    World Reports
    eBook
    Top Features
    Pigments Market

    The Architectural Paint Market Enjoys a Strong 2022

    The Buyers’ Guide

    Auto Refinish Market

    The 2022 Protective Additives Directory
    Breaking News
    Online Exclusives
    Distributor News
    Financial News
    Paint & Coatings Manufacturer News
    People In the News
    Price Increases
    Product News
    Raw Materials & Equipment
    Video Bites
    Suppliers News
    Live From Shows
    Top News
    Epoxytec Announces New Website Launch

    Paints and Coatings Market Worth $212B by 2026: MarketsandMarkets

    Axalta Releases Fourth Quarter and Full Year 2022 Results

    AkzoNobel Using 100% Renewable Electricity in North America

    Program for BIG IDEAS for UV+EB Technology 2023 Announced
    Top Companies report
    Market Research
    White Papers / Tech Papers
    Technical Papers
    Product Spec Sheets
    World Reports
    Adhesives and Sealants
    Aerospace Coatings
    Architectural Coatings
    Automotive Coatings
    Automotive Refinish
    Business Operation
    Color Trends & Forecast
    Construction Chemicals
    Corrosion Control
    Industrial Coatings
    Laboratory Equipment
    Marine Coatings
    Market Trends & Forecast
    Powder Coatings
    Production Equipment
    Radcure Coatings
    Special Purpose Coatings
    Wood Coatings
    "Green" Coatings

    Epoxytec Announces New Website Launch

    Advanced Polymer Coatings Lands Multiple Turkish Tanker Deals

    Rust-Oleum Names Gloss Grape as Spray Paint Color of the Year

    Cortec Launches EcoAir Biobased Outdoor Coating

    Chrome Alternative from AkzoNobel Saves Turkish Bike Manufacturer 40% on Energy Costs
    Additives
    Binders
    Pigments
    Solvents

    Univar Solutions Announces New Distribution Relationship

    OQ Chemicals Invests in Capacity Expansion to Support Carboxylic Acids Market

    Solvay to Relocate to New Headquarters

    Peninsula Polymers Awarded Bronze Sustainability Rating from EcoVadis

    Project Air to Receive €97 Million Under Agreement with Innovation Fund
    Company Capabilities
    Buyers Guide
    Distributor Guide
    Add New Company
    International Buyers Guide Companies
    Arkema

    Pilot Chemical Company

    Shepherd Color Company, The

    W. R. Grace & Co.

    Clariant Additives
    Industry Events
    Webinars
    Live From Show Event
    Top Events
    Saudi Arabia Coatings Show

    Southern Society for Coatings Technology Annual Meeting and Technology Conference

    Eastern Coatings Show

    CPCA Annual Conference

    66th Annual Sink or Swim
    Companies
    White Papers/Tech Papers
    Product Spec Sheets
    Equipment
    Literature/Brochures
    Videos
    International Buyers Guide Companies
    Arkema

    Pilot Chemical Company

    Shepherd Color Company, The

    W. R. Grace & Co.

    Clariant Additives
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Business Corner
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directories
      • Buyers Guide
      • Distributor Guide
      • Corporate Capabilities
      • Trade Associations
      • Add Your Company
    • Markets & Technologies
      • Adhesives and Sealants
      • Aerospace Coatings
      • Architectural Coatings
      • Automotive Coatings
      • Automotive Refinish
      • Business Operation
      • Color Trends & Forecast
      • Construction Chemicals
      • Corrosion Control
      • Industrial Coatings
      • Laboratory Equipment
      • Marine Coatings
      • Market Trends & Forecast
      • Powder Coatings
      • Production Equipment
      • Radcure Coatings
      • Special Purpose Coatings
      • Wood Coatings
      • "Green" Coatings
    • Raw Materials
      • Additives
      • Binders
      • Pigments
      • Solvents
    • World Reports
      • Africa Report
      • China Report
      • India/Asia Pacific Report
      • Europe Report
      • Latin America Report
      • Market Research
      • Russian Report
    • Top Companies
    • Online Exclusives
    • Glossary
    • Slideshows
    • Experts Opinions
    • Blog
    • eBook
    • Infographics
    • Videos
    • Podcasts
    • Whitepapers
    • Jobs
    • Microsites
      • Companies
      • White Papers/Tech Papers
      • Product Spec Sheets
      • Equipment
      • Literature/Brochures
      • Videos
    • Events
      • Industry Events
      • Live From Show Event
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    Nippon Paint Marine Registers Spike in Turkish Drydockings Amid Asia Capacity Concerns

    Nippon Paint Marine has registered a significant spike in Turkish drydockings as operators of small- to mid-size tonnage redirect vessels from Asia.

    Nippon Paint Marine Registers Spike in Turkish Drydockings Amid Asia Capacity Concerns
    Capt. Baybora Yildirim, Managing Director, Nippon Paint Marine Turkey.
    Related CONTENT
    • Metaflake Limited
    • Axalta Updates Financial Guidance
    • More than One Billion Square Feet of Green Building Space Recertified under LEED
    • Protective Coatings Leader Hempel Brings Expertise to the Wind Industry
    • Paint Specialist Flügger Maintains Momentum in Q1 2021-22
    09.22.21
    Nippon Paint Marine has registered a significant spike in Turkish drydockings as operators of small- to mid-size tonnage redirect vessels from Asia due to capacity issues and a general tightening of COVID-19 rules.

    According to the Japanese paint manufacturer, one of the major global suppliers of marine coatings, ship repair projects at facilities in Turkey’s Tuzla district have increased by 15 to 20% over the past 12 months, with many repair yards close to capacity.

    Capt. Baybora Yildirim, Managing Director, Nippon Paint Marine Turkey, said the confluence of a number of market dynamics has had a beneficial impact on the region’s maritime cluster.

    In particular, he singled out the expiry of drydock extension certificates issued 6 to 12 months ago combined with capacity issues at Asian facilities amid a resurgence in COVID cases.

    “Historically high freight rates have resulted in owners deferring scheduled drydockings to allow vessels to keep on trading, but many of these certificates are due to expire, resulting in increased drydocking activity.

    “Shipowners are also being hit by a tightening of COVID restrictions in China and Singapore, where vessels are waiting at anchorage for up to two weeks. And with shipowners looking at keeping their vessels trading for as long as possible we are seeing more ships heading directly to Turkey, in some cases on the last day of their drydock extension rather than lose any trading days.”

    Capt. Yildirim furthered that market dynamics are also resulting in an increase in orders for higher value coating systems designed to keep drydock time to a minimum.

    “When times are bad, shipowners will consider cost over performance, but we are seeing the reverse today: its quality over cost. Shipowners are investing in coatings proven to perform over extended periods.”

    John Drew, Director, Nippon Paint Marine Europe, said: “I have never seen a supply and demand imbalance quite like the one we are seeing today. Freight rates have quadrupled; they are so high at the moment that every shipowner wants to be at sea with a cargo earning money, rather than in drydock. When you consider the time charter rate for a handy size bulker is about US$30,000, then a drydocking can be a very a costly business. It is for this reason we developed FASTAR.”

    Nippon Paint Marine’s new antifouling system minimise the time in drydock required for hull coating work. Depending on the vessel, a FASTAR application can reduce drydock time for a two-coat system by one day.

    “A paint job can now be like a Formula 1 car entering the pits: in and out in no time,” said Drew.

    Nippon Paint Holdings has had a presence in Turkey since 2016, when it opened Nippon Paint Turkey Denizcilik Boya Sanayi Ve Ticaret A.S. The Japanese company then went on to expand its foothold in the region with the acquisition of Betek Boya in 2019, giving the company the largest coatings market share in the country.

    “Turkey is a more popular region to drydock than it was ten years ago, due largely to the improvements made in quality control,” said Capt. Yildirim. “We are working on about 12-14 projects each month, some of which are for the world’s major shipowners and container lines, which are now regularly drydocking at Turkish yards.”

    Typically, vessels of between 3,000 and 25,000dwt drydock at Tuzla’s 44 repair yards. Yalova, near the eastern coast of the Sea of Marmara, tends to attract larger vessels up to 120,000dwt.
    Related Searches
    • Marine Coatings
    Related Knowledge Center
    • Marine Coatings
    Suggested For You
    Metaflake Limited Metaflake Limited
    Axalta Updates Financial Guidance Axalta Updates Financial Guidance
    More than One Billion Square Feet of Green Building Space Recertified under LEED More than One Billion Square Feet of Green Building Space Recertified under LEED
    Protective Coatings Leader Hempel Brings Expertise to the Wind Industry Protective Coatings Leader Hempel Brings Expertise to the Wind Industry
    Paint Specialist Flügger Maintains Momentum in Q1 2021-22 Paint Specialist Flügger Maintains Momentum in Q1 2021-22
    ICP Group Adds Chris Pappas to Its Board ICP Group Adds Chris Pappas to Its Board
    Phoseon to Showcase LED Curing Technology at FTA Fall Conference Phoseon to Showcase LED Curing Technology at FTA Fall Conference
    ProPhotonix Launches COBRA Cure FX4 UV LED Curing System ProPhotonix Launches COBRA Cure FX4 UV LED Curing System
    2022 Gulf Coatings Show 2022 Gulf Coatings Show
    2022 Pacific Coatings Show 2022 Pacific Coatings Show
     New Study Reveals Vessels Using Jotun HPS Reported 20% Lower Carbon Intensity in Operations New Study Reveals Vessels Using Jotun HPS Reported 20% Lower Carbon Intensity in Operations
    Axalta Mobility Breaks Ground on New Coatings Facility in Northern China Axalta Mobility Breaks Ground on New Coatings Facility in Northern China
    RPM to Announce Fiscal 2022 First-Quarter Results on Oct. 6 RPM to Announce Fiscal 2022 First-Quarter Results on Oct. 6
    Cal Poly Offers Polymers & Coatings Winter 2022 Short Course Cal Poly Offers Polymers & Coatings Winter 2022 Short Course
    Ross Offers High-Throughput Ultra High Shear Mixer Ross Offers High-Throughput Ultra High Shear Mixer

    Related Buyers Guide Companies

    • Metaflake Limited

      ...
      Steven Kerr, Sales & Marketing Director 09.28.22

    • Breaking News | Financial News | Market Trends & Forecast
      Axalta Updates Financial Guidance

      Axalta Updates Financial Guidance

      Axalta updates financial guidance to reflect ongoing impacts of customer supply chain shortages and raw material and logistics constraints.
      09.22.21

    • Breaking News | Green Coatings
      More than One Billion Square Feet of Green Building Space Recertified under LEED

      More than One Billion Square Feet of Green Building Space Recertified under LEED

      LEED milestones, 2021 Class of LEED Fellows and the Kate Hurst Leadership Award among announcements at this week’s Greenbuild conference.
      09.22.21


    • Industrial Coatings | Paint & Coatings Manufacturer News
      Protective Coatings Leader Hempel Brings Expertise to the Wind Industry

      Protective Coatings Leader Hempel Brings Expertise to the Wind Industry

      Protective coatings provide the durability needed to ensure that wind turbines play their part in a sustainable future.
      09.22.21

    • Breaking News | Financial News | Paint & Coatings Manufacturer News
      Paint Specialist Flügger Maintains Momentum in Q1 2021-22

      Paint Specialist Flügger Maintains Momentum in Q1 2021-22

      Sales were $766 million for the quarter, up 17% in the prior year period.
      09.21.21

    Loading, Please Wait..
    Trending
    • Sherwin-Williams Announces And Celebrates 2022 Vendor Of The Year Award Winners
    • Axalta Releases Fourth Quarter And Full Year 2022 Results
    • AkzoNobel Using 100% Renewable Electricity In North America
    • PPG Reports Fourth Quarter, Full-Year 2022 Financial Results
    • PPG Names New Packaging Coatings Global Technical Director
    Breaking News
    • Epoxytec Announces New Website Launch
    • Paints and Coatings Market Worth $212B by 2026: MarketsandMarkets
    • Axalta Releases Fourth Quarter and Full Year 2022 Results
    • AkzoNobel Using 100% Renewable Electricity in North America
    • Program for BIG IDEAS for UV+EB Technology 2023 Announced
    View Breaking News >
    CURRENT ISSUE

    January 2023

    • Pigments Market
    • The Architectural Paint Market Enjoys a Strong 2022
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Nutrasource Rebrands Clinical Trial Site to Apex Trials
    Kerry Sponsors Upcycled Food Foundation Research Fellowship
    Probiotics Supplementation Reduces Complications in Colorectal Cancer Patients
    Coatings World

    Latest Breaking News From Coatings World

    Epoxytec Announces New Website Launch
    Paints and Coatings Market Worth $212B by 2026: MarketsandMarkets
    Axalta Releases Fourth Quarter and Full Year 2022 Results
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    MPO's Most-Read Stories This Week—Jan. 28
    Alleviant Medical Closes $75M Financing Round
    Know Labs Founder Ron Erickson Named CEO
    Contract Pharma

    Latest Breaking News From Contract Pharma

    SK bioscience Introduces New Global Partnership Model for Vaccines
    Merck's KEYTRUDA Wins Expanded Approval in Non-Small Cell Lung Cancer
    Bone Biologics Engages Avania for NB1 Clinical Trial
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    LVMH Reports Record 2022
    Haircare Brand Uncle Funky’s Daughter Announces Retail Expansion
    TRESemmé Introduces New Pro Infusion Collection
    Happi

    Latest Breaking News From Happi

    Alix Earle, Jonathan Monroe Are Fast-Growing Beauty Influencers on Instagram
    Fragrance Creators Launches First-of-its-Kind Data Insights Program
    The Lip Bar Enters the Skin Care Category with First-Ever Skincare Collection
    Ink World

    Latest Breaking News From Ink World

    Weekly Recap: Sustainability and Pigments, TSCA and Raw Materials Top This Week’s Stories
    Roland DGA Announces Major Expansion of TrueVIS Printer Family
    Neos Expands Production Capacity, European Market Presence
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Channeled Resources launches blank labels with PET liner
    Infigo partners with Four Pees in Benelux region
    EFI appoints Frank Pennisi CEO, Fiery now an independent business
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Essity’s Sales Grow
    Thinx to Pay up to $5 million to Settle Class Action Suit
    Typar Highlighting New Building Innovations
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    ODT's Most-Read Stories This Week—Jan. 28
    Roche, Sysnav Partner on Movement Tracking Tech for Neuromuscular Disorders
    Orthopedic Braces/Support, Casting/Splints Market to Top $12B by 2030
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Weekly Recap: Avery Dennison, CES 2023 and Canatu’s LiDAR Deicing Top This Week’s Stories
    Celanese Launches Nine New Conductive Inks
    NREL Develops Thin, Lightweight Layer for Radiation Barrier for Perovskites in Space

    Copyright © 2023 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login