Torlak Shipyard

What Torlak Shipyard does

Torlak Shipyard (legal entity TORLAK DENİZCİLİK SANAYİ VE TİCARET A.Ş., also operating as Torlak Tersanesi and Torlak Denizcilik) is a privately held Turkish shipbuilding and repair facility located in Tuzla, Istanbul. The Torlak family has been active in shipbuilding since the early 1900s, and the company operates as an Anonim Şirket (joint stock company) under Turkish law with 501–1,000 employees. Its facility comprises new building slipways, a floating dock measuring 196m x 32.40m that commenced operations in January 2024, 470 meters of quay, and a 42,000 DWT docking capacity.

The company operates four service lines: Yeni İnşaa (new construction) of offshore and commercial vessels — over 60 vessels delivered, with chemical tankers accounting for over 40% and motor yachts around 20% of output; Gemi Tamir (ship repair) ranging from routine maintenance to major modernization; Gemi Dönüşüm (ship conversion) leveraging co-located design, new-build, and repair departments; and Çelik Konstrüksiyon (steel construction) for non-maritime industrial clients. Notable capabilities include the 2008 Viking Lady, the largest platform supply vessel built in Turkey at that time, which incorporated fuel cell technology for environmental compliance.

Torlak generates revenue through project-based, one-time contracts across its four service lines, with no disclosed pricing or volume commitments. The customer base is B2B and global, primarily serving commercial shipping companies (chemical tanker, dry cargo, cement carrier operators), offshore energy firms requiring platform support vessels, luxury yacht owners, and industrial clients requiring large steel structures. The company maintains ISO 9001, ISO 14001, and ISO 45001 certifications, markets through a corporate website and LinkedIn/Instagram/YouTube channels, and sells via direct enterprise relationships with ship owners and operators rather than through intermediaries.

Name

Torlak Shipyard

Legal name

TORLAK DENİZCİLİK SANAYİ VE TİCARET A.Ş.

Website

https://torlakshipyard.com

Company type

Private

Founded year

1900

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Torlak Shipyard is a privately held Turkish shipyard in Tuzla, Istanbul, providing new vessel construction, repair, conversion, and industrial steel construction services with 42,000 DWT docking capacity, primarily serving commercial shipping operators, offshore energy clients, and yacht owners.

Ownership category

akta.pro rank

Product category

Shipbuilding & Repair Services

NAICS

Ship Building and Repairing (336611)

SIC

Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Dry Docking & Dockyard Operations (Graving/Floating Docks, Docking Services) (TLAHAMAA)

akta.pro secondary industries

Dry Docks & Floating Docks (Graving, Floating, Syncrolift) (IMAJALAA), Mechanical Systems Repair (Engines, Propulsion, Pumps) (TLAKAKAF), Hull, Structure & Steelwork Repair (TLAKAKAE), Offshore Barge & Tender Assist Vessel Construction (IMAJACAH)

Keywords

• Shipbuilding services
• Ship repair
• Vessel construction
• Ship conversion
• Marine steelwork

Headquarters

HQ city

Tuzla

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. New Ship Construction (Yeni İnşaa): New vessel construction including offshore vessels (platform support vessels) and commercial vessels (chemical tankers, motor yachts, passenger boats, dry cargo ships, cement carriers). Project-based, one-time revenue per vessel delivered.
2. Ship Repair Services: Ship repair and docking services including routine repairs and major repair/modernization projects. Revenue generated per repair project with 42,000 DWT capacity.
3. Ship Conversion: Ship conversion and modernization projects leveraging in-house design, new construction, and repair departments working in coordination.
4. Steel Construction: Large-scale steel construction projects for non-shipbuilding sectors utilizing both covered and open fabrication areas within the shipyard.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Torlak Shipyard is a shipbuilding and repair facility that constructs new commercial and offshore vessels (including chemical tankers, motor yachts, platform support vessels, passenger boats, dry cargo ships, and cement carriers) and provides ship repair/docking, ship conversion/modernization, and large-scale industrial steel construction services. Operations are supported by new building slipways, a floating dock (196m x 32.40m), 470 meters of quay, and 42,000 DWT docking capacity.

Product overview

Torlak Shipyard (Torlak Tersanesi) is a shipbuilding and repair facility located in Tuzla, Istanbul, Turkey, operating as Torlak Denizcilik San. ve Tic. A.Ş. The company offers four main service lines: Yeni İnşaa (New Construction) for offshore and commercial vessels including chemical tankers, motor yachts, and cargo ships; Gemi Tamir (Ship Repair) with extensive docking capabilities up to 42,000 DWT; Gemi Dönüşüm (Ship Conversion) combining new construction, repair, and design capabilities; and Çelik Konstrüksiyon (Steel Construction) for large-scale structural projects. The shipyard has over a century of accumulated knowledge and experience, having successfully built and delivered over 60 vessels.

Differentiator

Problem solved

Functional benefit

Products and services

• Yeni İnşaa (New Ship Construction) New vessel construction services for commercial shipping companies and offshore energy operators, covering chemical tankers (over 40% of output), motor yachts (~20%), passenger boats, dry bulk carriers, cement carriers, and offshore platform support vessels. The shipyard has built and delivered more than 60 vessels of these types.
• Gemi Tamir (Ship Repair) Ship repair and docking services for commercial ship owners and operators, supported by 470 meters of quay service and docking capacity up to 42,000 DWT. Covers routine maintenance, major repair, and modernization projects.
• Gemi Dönüşüm (Ship Conversion) Ship conversion and modernization services for commercial vessel owners, drawing on the advantage of co-located new construction, repair, and design departments to maintain quality and efficient workforce utilization from design through final delivery.
• Çelik Konstrüksiyon (Steel Construction) Large-scale industrial steel construction projects outside shipbuilding, utilizing the shipyard's covered and open fabrication areas and qualified welding workforce for non-maritime industrial buyers.

Quantifiable outcome

• Successfully built and delivered 60+ vessels of various types
• +3 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators7 records

Recent moves6 records

Expansion highlights3 records

Direct peers

• Besiktas Shipyard: Turkish shipyard offering newbuilding, repair, and conversion services for commercial and military vessels. Comparable to Torlak in service mix and Turkish-market positioning.
• Cemre Shipyard: Yalova-based Turkish shipyard specializing in offshore vessels and complex shipbuilding projects. Direct overlap with Torlak's offshore and platform-support vessel capabilities.
• DESAN Shipyard: Turkish shipyard located in the Tuzla shipyard zone offering new construction and repair services. Competes with Torlak for similar regional shipbuilding and repair contracts.
• Sedef Shipyard: Istanbul-based Turkish shipyard building commercial vessels, offshore ships, and performing repairs. Closest geographic and product peer to Torlak, competing in similar vessel classes in the Tuzla/regional ecosystem.
• Tersan Shipyard: Turkish shipbuilder specializing in offshore vessels, fishing vessels, and specialized ships. Direct peer in Turkish offshore and commercial vessel construction.

Broad incumbents

• Sembcorp Marine: Singapore-based offshore and marine engineering player with newbuild, repair, and conversion capabilities. Comparable to Torlak in offshore vessel construction and ship repair.
• Damen Shipyards: Large global shipbuilder with broad newbuilding and repair capabilities across vessel types. Overlaps with Torlak in commercial vessel and repair services but operates at much larger scale globally.
• Fincantieri: Major Italian/global shipbuilder operating across cruise, naval, and offshore segments. Comparable to Torlak in ship-repair and offshore-vessel activity but as a broad incumbent with significantly larger scope.
• Hyundai Mipo Dockyard: Korean mid-sized shipbuilder specializing in product/chemical tankers and container feeders. Directly comparable to Torlak in chemical-tanker newbuild segment but at much larger scale.

Regional players

• Hat-San Shipyard: Turkish shipyard focused on chemical and product tankers. Highly relevant peer for Torlak given overlap in chemical-tanker construction specialty within the Turkish shipbuilding cluster.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCYmNHtbFP4h0Ou9IQ5AhJ_A
• Instagraminstagram.com/torlakshipyard
• Xx.com/torlakshipyard
• Facebookfacebook.com/TorlakShipyard
• LinkedInlinkedin.com/company/torlak-shipyard

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Torlak Shipyard