Ciner Shipping decamps from Istanbul to Athens

One of Turkey’s largest shipowners is decamping to Greece.

Istanbul-based news outlet Türkiye Today is reporting Ciner Shipping is shifting its operations to Athens with staff in Turkey informed today that their current work contracts would be terminated with full legal compensation.

Ciner Shipping owns and operates a fleet of 24 ships made up of 20 bulk carriers and four suezmaxes. Its parent, Ciner Group, is a Turkish family-owned conglomerate that operates in energy and mining, natural soda ash, glass and chemicals, and shipping, having recently sold off its media holdings.