Tupras Strengthens Fleet with Four New Vessels to Be Built in South Korea

Tupras has placed an order for four new Suezmax-type vessels to be built in South Korea, aiming to increase its crude oil transportation capacity. This investment is seen as part of the company's strategy to expand its logistics infrastructure and enhance supply chain efficiency. Suezmax vessels are the largest tanker class capable of transiting the Suez Canal, with a carrying capacity of approximately 150,000 to 200,000 deadweight tons (DWT). Adding these vessels to the fleet will enable Tupras to conduct more flexible and cost-effective operations in sourcing crude oil from international markets. Compared to the company's current fleet, these four new vessels will provide a significant increase in total carrying capacity. This move aims to secure the continuity of refinery operations and increase resilience against potential supply disruptions. No official announcement has been made yet regarding the delivery dates of the vessels to be built at South Korean shipyards or the total investment amount. However, industry sources estimate that such an order could cost between $200 million and $250 million. Tupras's strategic investment is interpreted as an effort to achieve a stronger position against fluctuations in the global energy market. The company is expected to control freight costs and enhance supply security by transporting with its own vessels. This is not investment advice.