Kınay, one of Turkey’s oldest and leading shipping groups has been active in the sector since 1946. The group offers its clients a broad range of services from agency, brokerage, and chartering to freight forwarding, logistics and international trade. The group is also active in shipowning and operating. Today, Kınay employs in excess of 150 employees working at its headquarters in Istanbul and seven branch offices located in major Turkish ports.
KTL, Kınay Transport and Logistics S.A., has been established in January 2005 to leverage on our position as a major Turkish Shipping group providing freight forwarding and logistics services to third-party clients and our in-house controlled cargo.
May 2007 - M/V Alfa Sun Joins the Fleet:
Recently delivered 6,086dwt bulker M/V Alfa Sun has joined our fleet as of May 2007. The vessel will be managed by Kinay Chartering and will be operated worldwide. The double hull vessel is powered by a Yanmar built propulsion system and equipped with 2 sets of 30 ton twin cranes combinable to 60 tons for maximum flexibility in operations. Two more vessels of the same type is set to join the fleet until April 2008
December 2007 - M/V Alfa Moon Joins the Fleet:
The Group has taken delivery of M/V Alfa Moon, the second in a series of three vessels ordered in 2006. M/V Alfa Moon is a sister of M/V Alfa Sun (delivered in May 2007) with minor modifications. Like her sister and other vessels operated by the group, she will be commercially managed by Kinay Chartering for worldwide operations. The double hull vessel is powered by a Yanmar built propulsion system and equipped with 2 sets of 30 ton twin cranes combinable to 60 tons for maximum flexibility in operations. Last vessel of the series is expected to be delivered in April 2008
December 2007– Grup Marítim TCB and Kinay Group have reached an agreement with the company Ege Gübre to start a container terminal in Turkey, specifically in the land owned by them in Nemrut Bay, in Aliaga near Izmir.
The joint venture will create a society in Turkey named TC EGE which will have the preferential right to use Ege Gübre’s maritime infrastructure and will lease the surrounding land from Ege Gübre. The time period for this agreement is up to 30 years, initially 15 years which can be extended in an additional 15 if the traffic reaches the expected volumes. The shareholders of TC EGE will be CAPSA (a subsidiary of Group TCB), Ege Gübre and the Kinay Group, whereby CAPSA will hold a majority shareholding.
The project will achieve a capacity of more than 650,000 TEUS and will require an investment of over $76M, basically in container handling equipment. The first phase is planned to start operation at the beginning of the year 2009.
This agreement allows Kinay to expend its activities into container terminal operating through this joint venture. Kinay has been present in Turkish shipping for more than 60 years with Turkey’s largest fully-owned bulk agency network, freight forwarding and logistics, chartering, brokerage, shipowning, ship operating as well as mineral trade representation.
January 2008 – New Order for 6000dwt Bulkers:
The Group has ordered a further four 6000 dwt bulkers in addition to the three of which the last will be delivered in April 2008. The deliveries of the new order are set to start in September 2008 and completed in the 4th quarter of 2009. This new order takes the number for the type ordered to 12 of which 7 will be owned by the group with the remaining 5 owned by other close partners