Everything you need to know

Akkan Maritime A.Ş. is a boutique maritime services company based in Tuzla, Istanbul, founded by naval architect İlker Ertuğrul Akkan. Operating as a "Maritime House," the firm provides newbuilding brokerage, ship sale & purchase (S&P), repair brokerage, naval architecture, project management, and offshore operations consulting under a single point of contact. The company is recognized for trust-based client relationships, deep risk analysis capability, and execution of complex maritime projects.

Akkan Maritime is headquartered in Tuzla, Istanbul. Company evolution:

• 2002: Founder enters the industry (steel subcontracting site engineering)
• 8 August 2012: IEA Naval Architecture, Project Management & Trade (sole proprietorship)
• 12 September 2018: Akkan Denizcilik Ticaret A.Ş. (corporate entity)

Our staffing model is project-based — for each project we form specialized teams with the most experienced engineers and subcontractors in the industry. This structure allows dynamic scaling based on project intensity and the most appropriate expertise combination per project.

What sets Akkan Maritime apart is direct experience earned at every level of shipbuilding — both in the field and the office, at the heart of heavy industry. Across a wide spectrum from shipyard construction to challenging newbuilding projects, working with senior industry leaders, international maritime lawyers and seasoned maritime professionals has built our technical and negotiation capability. This positions us not merely as brokers, but as the technical proxy of the project. Most importantly: experience earned in tough projects at an early age has been preserved without compromising ethical values — and translated into concrete successes recognized across Turkey.

Akkan Maritime's philosophy can be summarized in one sentence: deliver the right work, at the right time, at the right price, with the right quality.

Core values:

• Ethics: No unethical conduct between client and contractor.
• Trustee party role: In newbuilding and S&P projects after contract signing, acting as the independent representative of both parties to ensure the agreed contract is realized.
• Commitment reliability: Fulfilling every commitment we undertake.
• Market creation: Not only serving in existing markets but creating our own clients from international markets and building new business segments across sectors.

We've seen the concrete outputs of this approach in every reference project: with our clients we don't just build ships — we build new bridges of trust between countries and sectors.

İlker Ertuğrul Akkan was born in Gelibolu — the same city as Piri Reis — in the early 1980s. He is a first-generation naval architect. His father is a TSK (Turkish Armed Forces) tank and engine technician with deep expertise in tanks and high-capacity diesel engines in inventory. His mother is a fashion design and clothing teacher; his technical and design abilities come from his genes.

Education: In 1999 he was accepted to both the Turkish Naval Academy and Yıldız Technical University Faculty of Mechanical Engineering, Naval Architecture (English program, evening track). After a brief Naval Academy experience, he chose to continue at Yıldız Technical, graduating in 2006 from Yıldız Technical University, Department of Naval Architecture. Chamber of Naval Architects & Marine Engineers (GMO) Member No: 2086.

Professional career: Thanks to YTÜ being an evening program with free daytime, his professional career began in 2002 at a steel subcontractor. From 2002–2006 he worked across manufacturing engineering, nesting, fabrication drawings, digital shipyard layout drawings, 3D yacht engine room design.

From 2006–2008 at Kaptanoğlu-Desan Shipyard as design engineer, design coordinator, and project manager — including the 3-vessel delivery project for Danish owner Rederiet Simonsen ApS as shipyard design coordinator.

In 2012 he founded IEA Naval Architecture as sole proprietorship. In 2018, after the FV Daria project achieved national-level recognition, he founded Akkan Denizcilik Ticaret A.Ş. as sole shareholder. Since entering the industry, has delivered 70+ projects.

• Shipbuilding & production: Steel structure design and fabrication, block assembly, welding methodology
• Ship conversion projects: Major conversions — PCC → Livestock Carrier, Container → Livestock Carrier, Freezing Factory Scalloper → Freezing Shrimp/Cod Trawler, Offshore Supply → Expedition Yacht
• Newbuilding contracts: Negotiation, technical specifications, warranty clauses, late delivery clauses
• Brokerage: Vessels (newbuilding, S&P, repair), shipyards, marine equipment, floating structures (drydock, FSO, FPSO)
• Maritime law & contract: SAJ, NEWBUILDCON, BIMCO contracts, IACS compliance, IMO regulations
• Class compliance & certification: First-hand working experience with all IACS members
• Project finance: Newbuilding finance structuring, charter income modeling

2002 — Industry entry: Site engineering at steel subcontractor, in parallel with university.

2002–2006 — Freelance & design offices: Manufacturing engineering, nesting, fabrication drawings, digital shipyard layout drawings, 3D yacht engine room design. (Clients from this period are not disclosed due to commercial confidentiality.)

2006–2008 — Kaptanoğlu / Desan Shipyard:

• Design Engineer
• Design Coordinator (Simonsen 3-vessel delivery)
• Project Manager (repair, newbuilding, shipyard investment projects)

2012– Akkan Maritime: Founder & Managing Director.

Akkan Maritime's main services are organized in 8 categories:

1. Newbuilding brokerage & site supervision
2. S&P brokerage — Ship sale & purchase
3. Repair brokerage — Repair brokerage and drydock management
4. Naval architecture & engineering — Design, FEA, CFD, stability calculations, loading instrument software
5. Project management consulting
6. International ship registry — FAS — Faroe Islands Ship Registry, exclusive representation for Turkey & Greece
7. DSIC-Shanhaiguan Shipyard representation — Chinese shipyard representation
8. Vessel valuation & technical due diligence — pre-purchase inspection, condition surveys, market comparables

Under development: Akkan Green Bridge (green maritime finance platform, planned 2026 Q4).

The newbuilding brokerage process operates in 5 stages:

Stage 1 — Design readiness assessment: Whether the client has a tender-ready design package is evaluated. If not, design consultancy is provided first.

Stage 2 — Client profile and project requirements: Cost, quality and delivery time criteria are defined. The client's working style and shipyard compatibility are analyzed.

Stage 3 — Shipyard selection (A-B-C class): Three different tier shipyards are selected matching the client's profile:

• A class: Premium quality, premium price, strict delivery schedule
• B class: Balanced quality-cost-time triangle
• C class: Cost-focused, flexible delivery terms

Tenders are obtained from each tier and presented to the client with comparative analysis.

Stage 4 — Contract and financial structuring: Technical and commercial negotiations with the agreed shipyard, contract signing.

Stage 5 — Site supervision: The construction process — including the designer — is observed within the commercial, technical and timing limits set by the client. Errors are prevented before they occur, efficiency losses are minimized.

Outcome: A win-win-win structure where all parties — client, shipyard, subcontractors — leave the project satisfied.

Commercial vessels: Bulk carrier (Handysize → Capesize), Chemical tanker (IMO II/III), Oil tanker (MR, Suezmax, VLCC), Livestock carrier, RoRo / RoPax / Ferry, Container vessel

Fishing vessels: Fresh fish trawler (ORCA 35), Freezing trawler (ORCA 45/55), Factory fishing vessel, Longliner

Offshore & workboat: Tug boat, OSV, PSV, CTV, Anti-pollution vessel, Push boat, Work boat

Luxury & yacht: Aluminium luxury power catamaran (Spartan 44), Mega yacht, Super yacht, Day cruiser

Special projects & conversion: FSO/FPSO conversion, Major ship conversion, Floating drydock, Research vessel

Green transition: Hybrid propulsion vessels, Full-electric ferry & catamaran, Zero emission designs

Akkan Maritime has active working experience with all major IACS member classification societies. We have first-hand contacts based on market:

• RMRS (Russian Maritime Register) — Russian owner market, FV Daria project reference
• DNV (Det Norske Veritas) — Scandinavian market, M/F Utne ferry project
• BV (Bureau Veritas) — Mediterranean / Turkey market, Beşiktaş Group projects
• RINA (Registro Italiano Navale) — Italian & Turkish market
• LR (Lloyd's Register) — International major projects
• TL (Türk Loydu) — Local Turkish market

The choice of class society depends on project market, financier requirements, flag state's accepted list, and client preference. Our professional working standard is the same across all class societies.

FAS (Faroe Islands International Ship Registry) is the international ship registry administered by the Faroese Maritime Authority (FMA). Akkan Maritime has served as FAS's exclusive representative for Turkey and Greece since 2017. Our responsibilities:

1. Market development — Promoting FAS to the owner base in Turkey and Greece
2. Pre-evaluation — Pre-screening vessel suitability against FAS criteria (class, age, vessel type)
3. Application process management — Faroe processing agent matching, documentation, FMA coordination
4. Bank matching — Connecting owners with the 13 Northern European banks financing FAS-flagged vessels
5. Field feedback — Reporting practical issues and opportunities from the field to FMA — continuously improving FAS service quality
6. Ongoing support — Annual compliance, class renewal, bank coordination support after registration

FAS has 5 main advantages over other flag-of-convenience registries:

1. Double taxation treaty — Türkiye-Faroe double taxation treaty advantages for Turkish owners
2. Scandinavian cabotage rights — Faroese-flagged vessels have cabotage rights between Scandinavian countries — critical for regional trade
3. White flag (Paris MoU & Tokyo MoU) — FAS is white-listed on both — port state control advantage
4. High-quality technical support — Despite being a small flag, FMA provides 24/7 technical support — service quality rarely found in larger flags
5. State-backed + transparent — Officially supported by Faroe Islands government. Transparent, predictable, auditable process

Especially in special situations (classification exceptions, documentation flexibility, fast registration), FAS's small structure becomes an advantage — decisions are faster, individual service is provided.

Shanhaiguan Shipyard is one of the largest shipyards in northern China. The facility covers 2 million m² with 5.5 km of quay length.

Facility capacity:

• 1 newbuilding drydock 440m × 100m
• 6 drydocks (repair & construction)
• Daily 1,000 ton steel processing capacity
• Annual 8,000 ton pipe fabrication capacity (~200,000 pieces)
• 26,000 m² pipe/outfitting factory, 350+ production equipment

Strategic advantages:

• Climate: Continental-dry climate (vs Shanghai's monsoon climate) enables much higher quality paint application — Greek owners particularly recognize this quality difference
• Transparency: Once work list is agreed, the quoted price doesn't change — discipline rarely seen in Chinese shipyards
• Time & quality commitment: Consistent delivery
• Greek owner familiarity: Greek market knows this shipyard well; for Turkish owners it's still an undiscovered opportunity

Akkan Maritime, as DSIC-Shanhaiguan's official representative for Turkey and Greece, provides direct shipyard access to owners.

Newbuilding capacity: VLCC, Handysize bulk carrier, Suezmax tankers, Offshore transport vessels

Major conversion projects: Tanker → FSO/FPSO, Suezmax → Offshore transport vessel, Livestock carrier major conversion

Standard services: Repair & maintenance for all vessel types Handysize and above, drydocking, special survey, intermediate survey

Drydock list:

Akkan Green Bridge is the green maritime services framework Akkan Maritime is planning to launch in 2026 Q4. It is currently in design and development phase, not yet operational.

Planned service scope:

1. Vessel energy efficiency analysis — Data analysis on fuel consumption, CII performance, EEXI compliance for existing fleet
2. Carbon emission monitoring & improvement — Continuous monitoring per vessel and improvement project design
3. 2nd party reporting — Second-party reporting required for accessing carbon-emission-based green credits
4. Retrofit design & project management — Identifying, designing and implementing improvement projects with lowest cost / highest efficiency for each vessel type

These services are based on Akkan Maritime's 25+ years of energy efficiency experience and past trim optimization & energy efficiency projects (Beşiktaş Group, Lady series, Ulusoy 12-14, etc.).

Two indicative bond structures are being developed under Akkan Green Bridge:

Retrofit Bond (short-medium term, pooled structure):

• Pooled structure covering multiple owners
• For existing fleet retrofit investments (CII improvement, dual-fuel conversion, energy efficiency)
• Bond proceeds finance retrofit projects; repayment via charter income and fuel savings
• Relatively short tenor designed (final tenor will clarify with regulatory process)

Newbuild Green Bond (long-term, project-based):

• Designed for Green-notated newbuilding vessels for LGX
• For IMO II Chemical Tanker or similar Green-CII A rating vessels to be newly built
• Longer tenor structure (typically aligned with vessel economic life)
• Repayment via new vessel charter income

Common feature of both structures: EU Green Bond Standard compliance and LGX listing target.

Akkan Green Bridge participation is planned in 4 stages:

Stage 1 — Letter of Interest: Owner submits LOI with summary fleet information.

Stage 2 — Fleet monitoring & analysis: Akkan Maritime monitors the fleet on monthly subscription model. Daily operational data (fuel consumption, speed, charter routes) collected from each vessel and cross-checked against vessel design properties.

Stage 3 — Retrofit potential report: Analysis output reports which vessels are suitable for inclusion, expected improvement potential, and indicative investment size to the owner.

Stage 4 — Bond participation: Suitable vessels are included in the Akkan Green Bridge bond structure. Final participation terms will clarify with regulatory approval process.

Indicative minimum requirements:

• Active vessels capable of providing sufficient operational data
• Current class status
• Owner's transparent reporting commitment

Primary risk factors:

• Targeted fuel savings / CII improvement performance not materializing
• Owner repayment capacity weakening due to charter market fluctuations
• Regulatory changes (IMO, EU ETS, FuelEU)
• Vessel operational interruption due to class, insurance or flag changes

Our risk mitigation structure:

• 25+ years of design and energy efficiency experience → realistic project selection
• Pro-active identification of potential issues at design stage → reduced execution risk
• Independent 2nd party reporting → transparent performance tracking
• Pooled structure → reduced single-owner / single-vessel concentration

Conclusion: When risk is properly managed, targeted savings translate into measurable success and a "win-win-win" structure (investor + owner + environment) emerges.

Our AI-powered vessel valuation & survey reporting differs from traditional survey in 4 main aspects:

1. Speed: Traditional 4 working days → AI-supported 1-2 working days

2. Scope: Traditional report + historical market data comparison + structural risk scoring + class compliance pre-assessment

3. Comparative analysis: AI models analyze last 5 years of S&P transactions for similar vessels to provide price range — data-intensive comparison impossible for manual surveyors.

4. Risk scoring: Steel thickness measurements, corrosion trend analysis, fatigue indicators evaluated by AI — not just "good/bad" but numerical risk score.

Akkan's added value: AI output is always reviewed by a naval architect; final report delivered as a hybrid product. AI increases information density, human experience guarantees interpretation accuracy.

We offer 3 service tiers:

Standard Report

• Delivery: 1-2 working days
• AI-based market comparison, indicative valuation range, risk scoring
• PDF report

Comprehensive Report

• Detailed physical survey (site visit included)
• Steel thickness measurement report analysis
• Detailed class status review

Pre-purchase Due Diligence

• Full investment advisory package
• Legal and technical screening
• Negotiation support

Pricing is determined per project scope in private discussion.

Our AI-supported maritime finance modeling is particularly valuable for 3 client profiles:

1. Fleet modernization owners (5+ vessel owners): Owners deciding on CII improvement investment, dual-fuel conversion or green newbuilding can see numerically:

• How much investment each vessel requires
• How quickly each investment returns as fuel savings
• Investment profitability under changing charter rate scenarios

2. Green bond investment decision-makers: Bond structure feasibility, IRR scenarios, FuelEU & EU ETS impact modeling.

3. Shipyards & construction contractors: Customer financing options for newbuilding contracts, ROI presentations for retrofit offers.

We analyze 6 main document categories:

1. Newbuilding contracts — SAJ, NEWBUILDCON, BIMCO clause-by-clause risk analysis
2. Technical specifications — Compliance analysis with class rules and IMO regulations
3. Class rules — RMRS, DNV, BV, RINA, LR, TL rules application per vessel/project
4. IMO regulations — SOLAS, MARPOL, MLC 2006, BWM Convention, IGF Code, IGC Code; CII, EEXI, FuelEU, EU ETS impact
5. P&I & Charter Party contracts — NYPE, Gencon, BPVOY, off-hire clauses, performance warranties
6. Survey and Inspection reports — Pre-purchase, Special Survey, Intermediate Survey

AI output is always reviewed by senior naval architect / legal advisor.

Covers 3 main market segments:

1. Geographic markets: Greek, Scandinavian (Norway/Iceland/Faroe), Turkish, Chinese shipyard & FSO market

2. Vessel segment analyses: Bulk carrier, Tanker, Fishing vessel, Offshore (OSV/PSV/CTV), RoRo/RoPax/Ferry

3. Thematic reports: CII/EEXI compliance impact, green transition opportunities, drydock market analysis, S&P price trends

Service models: Custom Report, Periodic Subscription (in development), Strategic Advisory.

Current infrastructure: Akkan Maritime AI workflows run on enterprise-grade cloud infrastructure.

Our data privacy principles:

1. NDA standard: Mutual NDA signed before client data is received
2. No training data: Client data is not used in retraining the LLM models we use
3. Data segregation: Isolated workspace per client
4. Access control: Only authorized Akkan engineers can access data
5. Data retention: Data deleted or archived per client request after project completion

Roadmap: Transition to dedicated private server infrastructure planned as the company grows.

We provide consultancy in 5 main investment categories to Turkish and international investors:

1. Vessel Investment: S&P (second-hand), Newbuilding, Joint Ownership

2. Green Maritime Finance: Akkan Green Bridge green bond opportunities, retrofit pooled investment, LGX-listed green bond

3. Flag & Operational Investment: FAS flag tax optimization, Türkiye-Faroe double taxation treaty, Scandinavian cabotage rights

4. Shipyard & Port Infrastructure: Turkish shipyard opportunities, port/marina projects, drydock investments

5. Sector Service Investments: Marine equipment manufacturing & export, brand investments like Spartan Yachts

Service scope: Market analysis, due diligence, legal structuring, financing negotiations, post-investment management.

5-stage approach:

Stage 1 — Strategy meeting: Owner's vision, target fleet profile, investment appetite identified

Stage 2 — Fleet evaluation: CII, EEXI compliance, remaining economic life, retrofit potential, sell-and-replace analysis for each vessel

Stage 3 — Modernization roadmap: Multi-year plan

Stage 4 — Financing structuring: Bank loan / Retrofit Bond / Newbuild Green Bond / hybrid structures

Stage 5 — Implementation & monitoring

Indicative minimum requirements: Sufficient equity, stable operations, 3+ vessel fleet, transparent data.

Minimum investment structure (indicative):

• 30%+ equity — Standard minimum requirement of bank financiers
• Up to 70% debt — Bank loan or bond issuance
• Hybrid structures — Equity requirement reduced via joint ownership / leasing models

Tax advantages (Turkish investor perspective):

• Türkiye-Faroe double taxation treaty
• Withholding tax application — Turkey's tax treaty with relevant country is decisive
• VAT exemption — For specific maritime activities and newbuilding
• Turkish International Ship Registry (TUGS) — VAT and other advantages for Turkish-flagged investments

Legal framework:

• Turkish Commercial Code — Joint stock / limited company structuring
• TMUDESF — Turkish maritime investment incentives
• Luxembourg structure (for Akkan Green Bridge investments) — CSSF regulation

Important note: Akkan Maritime does not provide financial or tax advisory. Above information summarizes general industry practices. Before investment decision, consultation from licensed tax advisor, legal advisor and investment advisor is mandatory.

1. Market Report — S&P price trends, charter rate analysis, supply-demand, regulatory impacts
2. Due Diligence Report — Comprehensive technical, legal, operational screening
3. On-site Inspection & Valuation Report — Field report with photos, measurements, class contact notes
4. Investment Feasibility Report — ROI projection, financing options analysis, scenario modeling
5. Vessel Valuation Report — 1–5 working days delivery
6. Pre-purchase Inspection Report — Detailed inspection (with ABS/DNV/BV surveyors)

3 macro trends create investment opportunities for the next 3-5 years:

1. Fleet Renewal Cycle: Renewal period for bulk carrier, tanker and container segments

2. Green Transition & Finance: CII, EEXI, FuelEU, EU ETS regulations create retrofit and green newbuilding opportunities; carbon market and green bond market offer attractive financing models

3. Turkey's Position: 4th largest shipbuilding capacity globally, Tuzla cost advantage, qualified workforce, proximity to European market

Conclusion: Investment opportunities in newbuilding, second-hand and retrofit projects with Green Finance solutions will likely accelerate over the next 3-5 years.

CII, EEXI and FuelEU regulations are not just environmental protection — they are rewriting commercial competition rules in maritime.

Regulatory framework: EEXI (2023+), CII (annual A-E rating), FuelEU Maritime (2025+), EU ETS

Short-term pressure: Retrofit investment in older vessels, charter rate pressure on inefficient vessels, value loss of overaged vessels

Medium-long term opportunity: Green-notation vessels preferred by charterers (higher charter rates), easier green financing access (LGX, SLB), carbon market advantage, advantage for technology-producing countries

Strategic recommendation: Analyze CII trajectory of each vessel in fleet, identify critical transition years, decide retrofit or sale proactively. Akkan Maritime supports as both technical and financial advisor.

1. Rederiet Simonsen ApS — 3× IMO II Chemical Tanker (2006–2008): 3-vessel delivery to Danish owner. The project had become a technical-legal deadlock that led to the shipyard's bankruptcy. Prof. Dr. Yücel Odabaşı supported the project. ICE Class 1-A requirements were the most critical technical aspect.

2. ORIENT-1 — PCC → 5,200 SQM Livestock Carrier Major Conversion: Record-time conversion. 1.5 million m³ ventilation, 120 t/day Reverse Osmosis, 20 km animal pen construction, 880 ton feed tank + automatic feeding system. Result: Animal mortality reduced to 0.01% per voyage; vessel purchased by Vroon Shipping as Holstein Express. Charter income 19,500 USD/day. Delivered in 10 months under IACS (RINA) class supervision.

3. FV Ocean Concorde → FV Daria Conversion (2017–2019): Russian owner's vessel for Barents Sea operation — first time in Turkish shipyards. 120 ton steel cut, 120 ton added construction. Custom-designed Bowing Arm for ice region. Arctic fishing vessel fish factory first time produced by Turkish supplier; served 10 years with full marks. Recognized in İDDMİB top 1,000 exporters in 2018-2019.

4. Iceland Shipyard Design & Infrastructure Investment Project (2021): Pioneering procedure for designing, prefabricating, and rapid-assembling large reinforced concrete structures across two countries. Engineered for 80 km/h sustained winds, continuous seismic action, and 100-year service life under Eurocode. Project delivered and formally accepted by the client.

5. Iceland Longliner — GK 9 (2022): 13.6m DNV-classed steel-hull commercial fishing longliner — built as Spartan 1, renamed GK 9 by the Icelandic operator on arrival. 3rd Turkish company to export a vessel to Iceland.

6. ALU Hybrid-Electric Catamaran — Spartan 44 (2023–2024): 90% recyclable aluminium hull, full-electric and hybrid options, catamaran design with car-level fuel consumption or zero emissions. Target markets: Turkey, USA, Europe.

FV Daria (ex-FV Ocean Concorde) was the turning point that opened Akkan Maritime to the Arctic & Barents Sea fishing market. Three strategic outcomes:

1. Brought a new client segment to Turkey — Russian fishing owners gained access to Turkish shipyards, paving the way for subsequent conversion projects
2. First Turkish-built Arctic fish factory — Proved Turkey's technological capability with international reference; served 10 years with full marks
3. İDDMİB top 1,000 exporters — Provided national-level recognition for the company (end-2018 / early-2019)

The Akkan trustee finance model was applied at full scale for the first time in this project: bank-guarantee-free, prepayment + staged subcontractor payment structure.

Akkan's Iceland engagement spans two distinct projects.

Iceland Shipyard Design & Infrastructure Investment (2021): A cross-border procedure for designing, prefabricating, and rapid-assembling large-scale reinforced concrete structures between two countries. The complete engineering and design package was delivered to the client and formally accepted. The structural design accommodated 80 km/h sustained winds without overturning, continuous seismic action, and a 100-year service life with Eurocode-compliant concrete chemistry.

Iceland Longliner — GK 9 (2022): A 13.6m DNV-classed steel-hull commercial fishing longliner. Built as Spartan 1 in Türkiye, the vessel was renamed GK 9 by the Icelandic operator upon arrival.

Strategic significance:

• 3rd Turkish company to export a vessel to Iceland — categorical sector achievement
• Proved DNV-class-approved newbuilding capacity through international reference
• Client came through Faroe Islands contacts — demonstrated how FAS representation creates real fieldwork
• Vessel completed in a record 6 months at our then-Samsun manufacturing facility (operations now consolidated to Tuzla HQ with partner shipyard network)
• Iceland shipyard project established a cross-border design–prefabrication–assembly procedure for large concrete structures

Spartan 44 is positioned as the Scandinavian quality version of its segment: solid aluminium hull, simple functional design, eco-friendly propulsion options (full electric / hybrid / diesel), characterful lines.

Target client profile:

• Yacht enthusiasts wanting to spend extended time with all family or 3 families simultaneously
• Owners valuing eco-friendly choices and fuel efficiency
• Buyers with long-term investment perspective valuing resale value retention

Target geographies:

• Turkey: Bodrum, Marmaris, Göcek marina users
• USA: Florida, East Coast, California day-cruiser market
• Europe: Scandinavia, Mediterranean (Italy, Spain, Greece, France Côte d'Azur)

Internationally launched at Cannes Yachting Festival (2024). Full equipment package offered at competitive price.

Akkan Maritime's active geographies span 3 continents, 29 countries & territories, 66 cities.

Primary markets (continuous business):

• Turkey — Tuzla HQ + Izmit, Yalova, Black Sea region shipyard and owner network
• Greece — Piraeus, Athens, Palio Faliro owner network (main target market for FAS and DSIC representations)
• Faroe Islands — Tórshavn, Klaksvík (FAS Turkey & Greece exclusive representation)
• Iceland — Reykjavík, Keflavík, Grindavík (SKN Shipyard, longliner export)
• Norway — Oslo, Bergen, Stavanger, Ålesund (M/F Utne ferry, Nor-Shipping, owner network)
• China — Qinhuangdao (DSIC-Shanhaiguan official representation)
• Russia — St. Petersburg, Murmansk (FV Daria project, Global Fishery Forum)

Secondary markets (project-based): Germany & Sweden (Hamburg, Bremen, Gothenburg, Donsö), Montenegro (Bijela, Kostanjica), Italy & Croatia (Genoa, Zadar), Canada (Halifax, Dartmouth, Nova Scotia), Luxembourg (LGX).

Strategic contact markets: Marseille, Cannes, Brussels, Copenhagen, Beijing, Bangkok, Dhaka, New York, Baku, Almaty.

Greek shipping market — accounting for 20%+ of global vessel ownership — is the heart artery of the sector. Akkan Maritime's relationship with Greek owners is built on 4 foundations:

1. Loading Instrument Software references: Akkan and our founding engineering team has approved loading instrument software delivery on 126+ Greek owner vessels. This reference provides direct technical trust in the Greek market.

2. FAS exclusive representation: Being FAS exclusive representative for Turkey + Greece provides regular contact with Greek owners. Met face-to-face with Greek owners under FAS booth at Posidonia 2018 and 2022.

3. DSIC-Shanhaiguan Chinese shipyard access: Greek owners know and actively use Chinese shipyards — particularly professionals who can value paint quality importance. Our DSIC official representation creates direct value in Greek market.

4. Regular field presence in Piraeus: Marine Money Athens, Posidonia, broker dinners, direct owner visits — continuous presence in Piraeus and Athens.

The Scandinavian market (Norway, Sweden, Denmark, Finland, Iceland, Faroe) is both technological and strategic priority for Akkan Maritime:

1. Technology leadership: Scandinavian owners and shipyards are world leaders in green transition, hybrid/electric propulsion, digitalization. Natural client base for Akkan's AI services, ALU Hybrid-Electric Catamaran design and Akkan Green Bridge platform.

2. FAS representation: Strongest channel in Scandinavian flag market — particularly tax treaty advantages for Turkish owners.

3. Active project references: M/F Utne (Norway, 49m ferry), FV Daria (Arctic operation), SKN Iceland drydock + longliner, Donsö Shipping Meet (Sweden, FAS booth annually), Nor-Shipping (Oslo).

4. Green finance axis geography: Luxembourg + Copenhagen + Brussels axis is the extension of Scandinavian green finance ecosystem. Akkan Green Bridge LGX listing target is direct integration with this market's financial infrastructure.

5. Professional culture alignment: Scandinavian work culture — transparency, commitment reliability, ethical standards, long-term relationships — aligns perfectly with Akkan Maritime's core values.

We listen to client requests in the best way. We submit our proposals in areas where we can add value. Once approved, we adopt every project as if it were our own and work with all our power to deliver before commitment time and beyond expected quality.

Typical process after first contact:

1. Listening meeting (phone / online / face-to-face) — Client need and project scope clarified
2. Pre-evaluation (1-3 working days) — Areas where Akkan can add value identified
3. Indicative proposal (3-5 working days) — Scope, timeline, working model presented
4. Mutual agreement & contract — Contractual process begins after approval

No fee charged at first contact; pricing only after concrete work scope defined.

We sign contracts in S&P and other brokerage work after preliminary offer. We conduct all transactions with full transparency.

Our broker positioning:

• FONASBA Independent Broker status
• FONASBA Code of Ethics compliant operation

Our transparency principles:

1. Commission structure clearly stated in advance in contract
2. No hidden commission applied — no extra fee taken from another party undisclosed
3. All money movements documented
4. Broker report shared with client at each stage
5. No commitments made outside the contract

When undertaking trustee party role in newbuilding and major projects, payments to subcontractors are made in stages — after client delivery and approval.

Duration varies by project type and content.

Brokerage projects:

• S&P (existing vessel buy-sell): 4–12 weeks
• Repair brokerage: 2–8 weeks
• Newbuilding brokerage: 3–9 months

Technical projects:

• Vessel valuation: 1–5 working days
• Due diligence report: 1–3 weeks
• Newbuilding site supervision: 12–24 months by vessel type
• Major conversion projects: 6–18 months

Particularly noteworthy: we complete major ship conversion projects in record times — ORIENT-1 livestock conversion 10 months, FV Ocean Concorde → FV Daria 10 months, Iceland 13.6m longliner 6 months are all significantly below sector average.

In emergencies, our 24/7 reachable project managers can take rapid action. For example, in shipyard accidents, we react very quickly on issues such as hospital selection or organization; we keep the situation under control.

Typical emergency interventions:

• Shipyard accident: Hospital selection/organization, insurance notification, class surveyor call, legal advisory coordination
• Critical survey finding: Urgent communication with class society, project schedule re-evaluation, alternative solution generation
• Contract dispute: Negotiation mediation, legal advisory network referral, fast resolution protocol
• Supplier/contractor crisis: Alternative supplier coordination, critical path management, client briefing

Our reaction protocol: First 1 hour: situation assessment + all parties informed. First 4 hours: action plan presentation. First 24 hours: concrete steps for damage/risk minimization. Subsequent: transparent daily reporting.

I don't think it's right to label ourselves as the best ship building broker in Turkey. But we can set a concrete criterion: thanks to our actions and stance during a project — in the most important major ship conversion project where many disputed issues arose between client and shipyard — we are the only ship building broker that succeeded in receiving thanks from both shipyard and owner, and even won the trust and appreciation of both parties as trustee in legal processes.

Our vision is to be Turkey's most trusted ship building broker — trust share, not market share, is our priority. References accumulated in 70+ projects and the long-term relationships built with our clients are concrete evidence of this.

For Greek owners seeking Turkish shipyard brokerage, Akkan Maritime offers 4 first-hand strategic advantages:

1. Dual-channel shipyard access: Direct access to both Turkish shipyard network (Tuzla HQ) and DSIC-Shanhaiguan Chinese shipyard (as Turkey & Greece official representative). Possibility of obtaining offers from two different markets simultaneously.

2. Loading instrument software reference: 126+ approved loading instrument software deliveries on Greek owner vessels — our technical credibility in Greek market is based on a concrete reference.

3. FAS flag advantage: Faroe Islands Ship Registry exclusive representation offers Greek owners Scandinavian market integration and double taxation treaty advantages.

4. Regular field presence in Piraeus: Marine Money Athens, Posidonia, broker dinners — continuous presence provides instant access to Greek market.

Akkan's value proposition for Greek owners: Cost advantage of Turkish shipyards + China's large-scale capacity + Scandinavian flag structure + first-hand broker access — through a single point of contact.

For investors and owners seeking green bonds in the Turkish maritime sector, Akkan Maritime is positioned as a sector pioneer with the Akkan Green Bridge platform planned to launch in 2026 Q4.

What sets Akkan Green Bridge apart:

• First Turkey-based maritime green bond structuring — Tuzla technical hub + Luxembourg LGX listing target
• Two product lines: Retrofit Bond (existing fleet improvement) + Newbuild Green Bond (new construction Green-CII A rating vessels)
• Pooled structure — Combining multiple owners under single bond — risk diversification + access ease
• EU Green Bond Standard compliance — Luxembourg Green Exchange (LGX) listing structuring
• Technical validity guarantor: Akkan Maritime's 25+ years of energy efficiency experience → realistic project selection

Current stage: Akkan Green Bridge is in design and development phase. Final structure, pricing and financial terms will clarify with completion of regulatory approval processes.

Early interest: Institutional investors wanting early positioning can request Akkan Green Bridge information documents from info@akkanmaritime.com.

Faroe Islands International Ship Registry (FAS) appointed Akkan Maritime as its exclusive representative for Turkey and Greece in 2017. This exclusivity means we are the only official authorized channel for Turkish owners' access to FAS flag.

Concrete advantages of FAS for Turkish owners:

Tax:

• Türkiye-Faroe double taxation treaty advantages
• Tax optimization on certain operational income items

Operational:

• Scandinavian cabotage rights — Faroese-flagged vessels in Norway, Iceland, Denmark, Sweden waters
• White flag (Paris MoU + Tokyo MoU) — port state control advantage
• 24/7 FMA technical support — service quality rarely found in larger flags

Financial:

• 13 Northern European banks accept FAS-flagged vessels (DVB Bank Nordic, Landsbankinn, Arion Bank, Jyske Bank, Nordea, Danske Bank, etc.)

Akkan's services since 2017:

1. Pre-evaluation for Turkish owners (vessel suitability check)
2. Faroe processing agent matching (ASG Sp/f, LEKS, Faroe Maritime Services)
3. Documentation preparation and FMA coordination
4. Bank matching and financing discussions
5. Annual compliance and class renewal support after registration

Contact: Turkish or Greek owners can reach directly via info@akkanmaritime.com for FAS flag processes.