Turkey's Oyak Group - owner of the country's biggest steel producer, Erdemir Group - is to invest in a new port in Kocaeli in partnership with Japan's Nippon Yusen Kaisha (NYK Line), Erdemir announced on Thursday April 5.
The investment will be $110 million, for the port to be located on the Yarimca peninsula of Kocaeli's K??rfez district, east of Istanbul. It will be a...