## Company Profile IMAGESA LOJISTIK HIZMETLERI LTD. STI. is a Turkey-based freight forwarder and logistics services provider (website: https://www.image-sa.com). The firm offers international sea, air and road forwarding, customs clearance, and value‑added logistics (likely including warehousing and distribution and handling of containerized and breakbulk cargo). Public information on revenue/scale is limited; based on service set and Turkey location the company operates in major Turkish export/import corridors (Marmara, Aegean, East Med) and serves exporters and importers who require cross‑border forwarding into Europe, MENA and Asia. ## Pain Points 1) Routing & insurance complexity for Black Sea/agricultural cargo: elevated war‑risk premiums, route uncertainty, and the need to reconfigure logistics (relay via Med ports, land/rail alternatives) create planning headaches for forwarders’ agri clients. 2) Demand & rate volatility on Asia–Europe corridors: spot and contract freight rate pressure plus Red Sea diversions create transit time and price unpredictability that complicate quoting and margin control for mid‑sized forwarders. 3) Sourcing and market access for exporters (textiles & agri): Turkish manufacturers can win EU nearshoring business but need guaranteed demand signals, buyer introductions, and fulfilment orchestration — services Imagesa may not have capacity/resources to originate at scale on its own. ## Intel Summary === MULTI-DIMENSION RESEARCH === === 1. COMMODITY TRENDS === Black Sea grain export flows 2026 – impact on Turkish ports and logistics **1. Structure of Black Sea grain flows post‑grain deal** - The original UN–Turkey‑brokered Black Sea Grain Initiative collapsed in July 2023 and has not been reinstated in its former multilateral format; since then, flows rely on unilateral security guarantees and a de‑facto corridor backed by Western naval surveillance and insurance workarounds.([en.wikipedia.org](https://en.wikipedia.org/wiki/Black_Sea_Grain_Initiative?utm_source=openai)) - By late 2024–2025, Ukraine increasingly shifted exports to: - **Danube river/Delta ports (Izmail, Reni)** feeding into Constanţa (Romania).([gssc.lt](https://www.gssc.lt/wp-content/uploads/2025/06/v01_Cenusa_Black_Sea_war_impact_A4_EN.pdf?utm_source=openai)) - A **new western Black Sea maritime corridor** serving Odesa–Chornomorsk–Pivdennyi with strong participation from Turkish‑flagged vessels; one estimate in late 2025 suggested Turkish‑flagged ships made up ~40% of tonnage through the corridor.([en.wikipedia.org](https://en.wikipedia.org/wiki/2025_MT_Orinda_fire?utm_source=openai)) **2. Role of Turkish shipping & security environment (2025–Q2 2026)**n - Turkish‑flagged vessels’ ~40% share of traffic through Ukraine’s corridor indicates Turkey‑link carriers are structurally important to moving Ukrainian grain, even when the grain itself may not discharge in Turkish ports.([en.wikipedia.org](https://en.wikipedia.org/wiki/2025_MT_Orinda_fire?utm_source=openai)) - Ukrainian long‑range drone and maritime attacks on Russia’s Black Sea “shadow fleet” and on tankers en route to Novorossiysk (some near the Turkish coast) have raised transit risk perceptions but have so far not closed the corridor.([en.wikipedia.org](https://en.wikipedia.org/wiki/Ukrainian_attacks_on_the_Russian_shadow_fleet?utm_source=openai)) - EU strategic papers in early 2025–2026 stress that Russia’s war has “significant negative impact on trade dynamics” in the Black Sea, but also highlight **new routes bypassing high‑risk zones** and the importance of NATO members Turkey, Romania, Bulgaria in mine‑clearing and safe navigation initiatives.([black-sea-maritime-agenda.ec.europa.eu](https://black-sea-maritime-agenda.ec.europa.eu/file/download/992?utm_source=openai)) **3. Effects on Turkish ports – volumes and modal mix** Data are fragmentary but several points stand out: - Turkey’s ports handled a record cargo volume in 2025; July 2025 throughput alone was **47.68 million tons (+8% y/y)**, with **container traffic Jan–Jul 2025 up 5% to 8.27 million TEU**.([paturkey.com](https://www.paturkey.com/news/2025/turkeys-ports-handle-47-68-million-tons-of-cargo-in-july-2025-up-8-year-on-year-22773/?utm_source=openai)) - Countrywide, container terminals handled around **13.5 million TEU in 2024**, with major hubs including Ambarlı (Marmara/İstanbul), Tekirdağ (Marmara), İzmir/Aliağa (Aegean), Mersin (East Med).([turkpidya.com](https://turkpidya.com/ports-in-turkey-guide/?utm_source=openai)) - The **Port of Tekirdağ**, at the north‑eastern edge of the Sea of Marmara (well‑placed for Black Sea–Med relay), handled **~2.03 million TEU in 2024**, ranking 15th in Europe; continued growth in 2025–26 is implied by national totals.([en.wikipedia.org](https://en.wikipedia.org/wiki/Port_of_Tekirdag?utm_source=openai)) **Grain‑specific effects (2024–2026 trend‑level)** - Redirection of Ukrainian grain to **Danube + Constanţa** has **reduced pressure on Turkish ports as primary gateways**, but Turkey captures value through: - Turkish shipowners carrying grain to Med and global destinations.([en.wikipedia.org](https://en.wikipedia.org/wiki/2025_MT_Orinda_fire?utm_source=openai)) - **Transit, bunkering, and lightering services** at Marmara and eastern Mediterranean ports for Russian, Kazakh and other Black Sea grain.([transatlantic.org](https://www.transatlantic.org/wp-content/uploads/2025/08/RSI-II-Russia-and-the-Black-Sea-final-report-May-30-2025-final-version.pdf?utm_source=openai)) - A 2025 Black Sea trade analysis notes that Turkey has increased its geoeconomic weight in regional trade and as a logistics node (including for sanctioned or re‑routed Russian exports), even as part of Ukrainian grain shifts away from the more dangerous central Black Sea lanes.([gssc.lt](https://www.gssc.lt/wp-content/uploads/2025/06/v01_Cenusa_Black_Sea_war_impact_A4_EN.pdf?utm_source=openai)) **4. Insurance, routing and logistics implications for 2026** - War‑risk insurance premiums for Black Sea voyages remain elevated, but **Turkey‑bound and Turkish‑flagged traffic can sometimes secure more favorable terms** than calls to Ukrainian or Russian ports directly; the EU notes “high insurance costs” as a key drag on regional projects and trade.([black-sea-maritime-agenda.ec.europa.eu](https://black-sea-maritime-agenda.ec.europa.eu/file/download/992?utm_source=openai)) - Attacks on Russia‑linked tankers near the Turkish coast (e.g., late‑2025 events) have made charterers more cautious about routes **passing close to Crimea or the eastern Black Sea**, increasing the attractiveness of: - **Shorter segments into western Black Sea (toward Bosphorus)** then relay via Med hubs. - Alternative land/rail corridors crossing Turkey as part of the “Middle Corridor” (Trans‑Caspian via Azerbaijan–Georgia–Turkey).([en.wikipedia.org](https://en.wikipedia.org/wiki/Ukrainian_attacks_on_the_Russian_shadow_fleet?utm_source=openai)) - EU and think‑tank assessments emphasize **Turkey’s role as a logistics and energy hub** (e.g., TurkStream as the only direct Russian gas pipeline to Europe since early 2025), reinforcing investment in its port and pipeline infrastructure and integrated logistics services.([en.wikipedia.org](https://en.wikipedia.org/wiki/TurkStream?utm_source=openai)) **5. Implications for agricultural shippers using Turkish ports in 2026** - **Capacity & congestion**: Turkish ports’ steady volume growth (+5–8% in 2025) suggests **enough capacity with localized congestion risks** around Marmara during peak Asia–Europe traffic, but no systemic breakdown tied specifically to grain.([paturkey.com](https://www.paturkey.com/news/2025/turkeys-ports-handle-47-68-million-tons-of-cargo-in-july-2025-up-8-year-on-year-22773/?utm_source=openai)) - **Modal diversification**: More Ukrainian and Russian grain moving via Constanţa/Danube and rail/road corridors **reduces single‑route dependence** on central Black Sea lanes, but **keeps Turkey central** as: - A transshipment & storage point for Black Sea cereals headed to MENA and Asia. - A hub for blending, containerization and distribution of value‑added agri‑products (flour, pasta, feed, oils).([gssc.lt](https://www.gssc.lt/wp-content/uploads/2025/06/v01_Cenusa_Black_Sea_war_impact_A4_EN.pdf?utm_source=openai)) **Key takeaway:** By 2026, Turkish ports are less the *primary* escape valve for Ukrainian grain than in 2022–23 but are more important as **multi‑commodity logistics and shipping hubs** in a structurally riskier Black Sea. Agricultural shippers should plan around elevated insurance and routing complexity in the Black Sea itself, but relatively robust capacity and service quality once cargo reaches Turkish Marmara and Med ports. **Sources – Dimension 1:** ([en.wikipedia.org](https://en.wikipedia.org/wiki/Black_Sea_Grain_Initiative?utm_source=openai)) === 2. MARKET EVENTS === Turkey container volumes and freight rate trends 2026 – Mediterranean / Asia–Europe corridor **1. Baseline: Turkey port and container throughput** - Turkey handled **13.5 million TEU in 2024**, per a 2026 logistics guide synthesizing official port statistics; over **180 port facilities** handle ~13.5m TEU and large volumes of bulk/general cargo.([turkpidya.com](https://turkpidya.com/ports-in-turkey-guide/?utm_source=openai)) - National statistics for **Jan–Jul 2025** show: - **8.27 million TEU total container throughput (+5% y/y)**. - **International container traffic in July 2025: 938,331 TEU (+18.9% y/y)**, indicating strong foreign trade demand and Turkey’s use as a relay hub.([paturkey.com](https://www.paturkey.com/news/2025/turkeys-ports-handle-47-68-million-tons-of-cargo-in-july-2025-up-8-year-on-year-22773/?utm_source=openai)) - Within that: - **Tekirdağ (Marmara)** handled ~**2.03m TEU in 2024**, reinforcing Marmara’s dominance in Turkey’s containerized trade.([en.wikipedia.org](https://en.wikipedia.org/wiki/Port_of_Tekirdag?utm_source=openai)) While 2026 national TEU by port is not yet fully published, global indicators and Turkey‑specific press references (see below) point to continued moderate growth from this base. **2. Global container market conditions impacting Turkey (late‑2025 to Q1 2026)**n - Global container throughput finished 2025 strongly, with Q4 2025 volumes **+7.2% y/y to 52.8m TEU**, and analysts projecting **4–5% global volume growth in 2026** under stable conditions.([ports.marinelink.com](https://ports.marinelink.com/ports/port/new-smyrna/news/global-container-volumes-show-robust-growth-in-q4-2025-2026-outlook-positive?utm_source=openai)) - Drewry’s preliminary Q1 2026 outlook indicates **+2.5% y/y global container throughput**, with Red Sea disruptions (Houthi attacks) continuing to impact Asia–Europe services via Suez, causing rerouting around the Cape of Good Hope, longer transit times and localized port congestion.([ports.marinelink.com](https://ports.marinelink.com/ports/port/roosevelt/news/q1-2026-global-container-volumes-show-modest-growth-amid-regional-shifts?utm_source=openai)) - A March 2026 RWI/ISL Container Throughput Index update highlights **China‑driven growth in container throughput** and identifies Turkish ports (including Kocaeli) among monitored hubs, indicating that Turkey remains embedded in mainline global flows.([isl.org](https://www.isl.org/en/services/rwiisl-container-throughput-index?utm_source=openai)) **3. Freight rate trends on Asia–Med / Asia–Europe corridors in 2026** - A freight insight report (April 2026) focusing on Asia–Europe notes: - **Long‑term contract rates entering validity in Q1 2026** at approx. **USD 2,308/FEU to Mediterranean** and **USD 2,010/FEU to North Europe**.([tornaviatrading.com](https://tornaviatrading.com/publications/260401_tvt_freight_liquid_bulk_insight_v1.pdf?utm_source=openai)) - Analysts expect **moderation of spot and contract rates toward USD 1,500–2,000/FEU** on Asia–Europe lanes in **H2 2026**, assuming no major new disruptions.([tornaviatrading.com](https://tornaviatrading.com/publications/260401_tvt_freight_liquid_bulk_insight_v1.pdf?utm_source=openai)) - Within Asia, corridor‑specific intra‑Asia rates (e.g., China–Singapore–India) are expected to show **5–10% variance** around baselines, but these mostly affect **feeder legs into Turkey** rather than the main Asia–Europe trunk.([tornaviatrading.com](https://tornaviatrading.com/publications/260401_tvt_freight_liquid_bulk_insight_v1.pdf?utm_source=openai)) - A broader container trade analysis in early 2026 finds: - Global container throughput at **record highs**, with **European import demand up ~9% y/y in 2025**, largely supplied from East Asia. - However, **freight rates remain under pressure** despite volume growth, as capacity additions and carrier competition weaken the historical link between volume and pricing.([asiaeconnews.com](https://asiaeconnews.com/en/global-container-throughput-hits-record-high-while-freight-rates-remain-under-pressure/?utm_source=openai)) **Implications for Turkish corridor pricing:** - Turkey‑bound Asia services (East Asia–Med, East Asia–Black Sea via Med relay) are closely priced off **Asia–North Europe and Asia–West Med benchmarks**, so the **USD 1,800–2,300/FEU band** is a reasonable working range for full‑year 2026 contract rates to Turkish Med/Marmara ports, with potential softening toward **USD ~1,500–1,800/FEU** later in the year if Red Sea risk stabilizes and capacity remains ample.([tornaviatrading.com](https://tornaviatrading.com/publications/260401_tvt_freight_liquid_bulk_insight_v1.pdf?utm_source=openai)) **4. Turkey’s role on the Mediterranean / Asia–Europe corridor in 2026** - The 2026 “ports in Turkey” logistics guide emphasizes that: - Turkey’s ports are **core nodes of the Asia–Europe sea corridor**, supported by land bridges (road/rail) into Europe and MENA. - Mersin is a “strategic heavyweight” of the Eastern Mediterranean, while Ambarlı and Tekirdağ dominate Marmara container flows tied to Asia–Europe loops and regional feedering.([turkpidya.com](https://turkpidya.com/ports-in-turkey-guide/?utm_source=openai)) - The RWI/ISL index’s inclusion of Kocaeli and other Turkish ports, plus 2025 growth numbers, suggest Turkey is benefiting from: - **Service re‑configurations due to Red Sea instability**, with more **Med hub‑and‑spoke** patterns and transshipment via Turkish and nearby ports.([ports.marinelink.com](https://ports.marinelink.com/ports/port/roosevelt/news/q1-2026-global-container-volumes-show-modest-growth-amid-regional-shifts?utm_source=openai)) **5. Operational signals for 2026** For shippers using Turkish ports in 2026: - **Volume outlook**: Expect **low‑ to mid‑single‑digit TEU growth (3–5%)** at Turkish ports, roughly in line with or slightly above global averages, driven by: - Robust Turkey–EU trade. - Growing re‑export/transshipment role. (Inference based on 2024–25 growth and global forecasts.)([ports.marinelink.com](https://ports.marinelink.com/ports/port/new-smyrna/news/global-container-volumes-show-robust-growth-in-q4-2025-2026-outlook-positive?utm_source=openai)) - **Rate planning**: - Build budgets using **USD ~2,000/FEU base for Asia–Turkey Med/Marmara** early 2026, with **10–20% volatility window** around that level depending on Red Sea risk, bunker prices, and capacity deployment.([tornaviatrading.com](https://tornaviatrading.com/publications/260401_tvt_freight_liquid_bulk_insight_v1.pdf?utm_source=openai)) - **Schedule reliability**: - Red Sea diversions increase transit time variance on Asia–Europe strings; Turkey‑bound cargo may see **extended transit by 7–14 days** when carriers route via the Cape, especially on services that combine Turkey calls with North Europe. (Inference extrapolated from industry reports on Cape diversions.)([ports.marinelink.com](https://ports.marinelink.com/ports/port/roosevelt/news/q1-2026-global-container-volumes-show-modest-growth-amid-regional-shifts?utm_source=openai)) **Sources – Dimension 2:** ([turkpidya.com](https://turkpidya.com/ports-in-turkey-guide/?utm_source=openai)) === 3. DEMAND SIGNALS === European buyers’ sourcing shift to Turkey 2026 – textiles & agriculture import demand **1. Macro EU–Turkey trade signal** - EU imports from Turkey reached **USD 116.6 billion in 2025**, according to UN Comtrade data updated May 2026, continuing Turkey’s role as a top non‑EU supplier.([tradingeconomics.com](https://tradingeconomics.com/european-union/imports/turkey?utm_source=openai)) - A 2025 analysis of Turkey–Europe trade notes total EU‑Turkey trade (imports + exports) around **USD 135.3 billion**, with **textiles & apparel** a key export pillar; Turkey supplied **~USD 4.22 billion** in textiles/apparel to the EU in 2025, making Europe the destination for **over 40% of Turkish textile and apparel exports**.([tradeint.com](https://tradeint.com/insights/turkey-trade-with-europe-2025-import-export-analysis/?utm_source=openai)) **2. Textiles & apparel – nearshoring and re‑shoring dynamics** - EURATEX (European Apparel & Textile Confederation) leadership in June 2025 framed Turkey as an “ideal EU partner,” stressing that **>40% of Turkey’s textile and apparel exports go to Europe**, driven by: - Geographic proximity (8–10 hour truck to key EU markets). - Zero customs duties under the EU–Turkey Customs Union for industrial goods. - A developed knitwear and fabric ecosystem supporting **short lead times**.([kohantextilejournal.com](https://kohantextilejournal.com/turkey-is-ideal-eu-partner-textiles-and-apparel/?utm_source=openai)) - A September 2025 industry deep‑dive on Turkish textiles notes: - COVID, Suez blockage, and China geopolitics **pushed EU brands to actively discuss nearshoring**, with Turkey the “obvious answer” for many. - Buyers increasingly shift complex knitwear and fast‑fashion capsules to Turkey because **EU delivery in 1–2 weeks by truck** competes favorably with **6–8 weeks ocean lead time from South Asia**.([istanbultekstil.com.tr](https://www.istanbultekstil.com.tr/post/discover-the-trends-shaping-t%C3%BCrkiye-s-textile-industry?utm_source=openai)) **3. Counter‑trend: 2025–26 slowdown in EU orders** - A 2026 analysis of Turkey’s textile market points to **a 5.1% drop in Turkish textile and raw material exports to the EU in 2025**, according to ITHIB (Istanbul Textile and Raw Materials Exporters Association).([fibre2fashion.com](https://www.fibre2fashion.com/resources/11276/turkey-s-declining-textile-market-reasons-and-possible-solutions-for-2026?utm_source=openai)) - The same source cites **weak EU apparel demand, high energy/finance costs in Turkey, and competition from low‑cost nearshore alternatives** (e.g., Egypt, which gained zero‑duty EU apparel access) as key headwinds.([fibre2fashion.com](https://www.fibre2fashion.com/resources/11276/turkey-s-declining-textile-market-reasons-and-possible-solutions-for-2026?utm_source=openai)) **Interpretation:** - Structurally, **EU buyers want Turkey in their sourcing mix for resilience and speed** (nearshore strategy). - Cyclically, **2025–early‑2026 EU demand softness** and inflation have led to **temporarily lower order volumes**, even as some buyers shift *share* of nearshore sourcing toward Turkey vs. Asia; so volume signals are mixed. **4. Evidence of continued buyer engagement in 2026** - Industry commentary in late 2025 explicitly invites brands “actively reviewing knitwear sourcing” to reassess what Istanbul can offer “in 2026,” signalling that sourcing offices still view Turkey as a strategic option rather than a shrinking legacy base.([istanbultekstil.com.tr](https://www.istanbultekstil.com.tr/post/discover-the-trends-shaping-t%C3%BCrkiye-s-textile-industry?utm_source=openai)) - Fibre2Fashion’s 2026 outlook, despite discussing a “declining textile market,” underscores that **Turkey remains a powerhouse due to proximity and quality**, implying that demand could rebound with improved EU retail conditions, and that some brands are exploring **higher‑value, sustainable Turkish production** instead of pure volume growth.([fibre2fashion.com](https://www.fibre2fashion.com/resources/11276/turkey-s-declining-textile-market-reasons-and-possible-solutions-for-2026?utm_source=openai)) **5. Agriculture and food – EU demand for Turkish products** Direct, very recent (2026) sector‑specific numbers are scarce, but several signals are relevant: - Turkey‑EU trade analysis for 2025 shows substantial EU imports from Turkey in **agriculture and food**, including: - Fresh and processed fruit and vegetables. - Olive oil, nuts, and cereals preparations (e.g., pasta). (Details from category breakdowns in 2025 trade analysis.)([tradeint.com](https://tradeint.com/insights/turkey-trade-with-europe-2025-import-export-analysis/?utm_source=openai)) - The same report highlights Spain, Italy, and Germany as top partners; Spain’s imports from Turkey (Jan–Jul 2025) included significant **agricultural products alongside machinery and metals**, reflecting the role of Turkey as both **a supplier and a logistics bridge into southern Europe**.([tradeint.com](https://tradeint.com/insights/turkey-trade-with-europe-2025-import-export-analysis/?utm_source=openai)) **Demand‑side drivers – agriculture & food:** - **Proximity & logistics:** Like textiles, **truckable lead times** and regular Ro‑Ro/short‑sea links allow EU retailers and processors to balance seasonal imports from Morocco, Egypt, and Spain with complementary Turkish supply.([turkpidya.com](https://turkpidya.com/ports-in-turkey-guide/?utm_source=openai)) - **Supply chain diversification:** EU policy and corporate strategies since 2022 emphasize **diversification away from single‑country dependence**, particularly on Ukrainian and Russian grains and on long‑haul Asian suppliers; Turkey benefits as: - An **alternative origin** for some cereals and processed foods. - A **packaging and re‑export platform** for regional agri‑products routed through its ports.([gssc.lt](https://www.gssc.lt/wp-content/uploads/2025/06/v01_Cenusa_Black_Sea_war_impact_A4_EN.pdf?utm_source=openai)) Concrete 2026 quantitative EU import shifts by individual agri‑product from Turkey are not yet widely published, but macro EU‑Turkey import data (+116.6bn in 2025) and the logistics role outlined above support a **moderately positive demand signal for Turkish agri‑food**, particularly where EU buyers value proximity and continuity over rock‑bottom prices. **6. Overall 2026 demand signal for EU buyers & Turkey** - **Textiles/apparel:** - Structural: **Positive** (Turkey entrenched as a key EU nearshore partner; share in EU supplier mix likely stable or rising in complex, quick‑turn items). - Cyclical 2025–Q1 2026: **Soft volumes (‑5.1% exports to EU in 2025)** due to weak EU retail and cost pressures, not loss of strategic relevance.([fibre2fashion.com](https://www.fibre2fashion.com/resources/11276/turkey-s-declining-textile-market-reasons-and-possible-solutions-for-2026?utm_source=openai)) - **Agriculture/food:** - Structural: **Moderately positive**, aided by diversification away from Black Sea risk, complementary seasonality to EU growers, and Turkey’s role as a logistics hub. - Short term 2025–26: Likely **stable to slightly growing** in volume/value, depending on EU consumer demand and harvest conditions (exact 2026 commodity‑level numbers still emerging).([tradeint.com](https://tradeint.com/insights/turkey-trade-with-europe-2025-import-export-analysis/?utm_source=openai)) **Sources – Dimension 3:** ([tradingeconomics.com](https://tradingeconomics.com/european-union/imports/turkey?utm_source=openai)) Sources: • Black Sea Grain Initiative https://en.wikipedia.org/wiki/Black_Sea_Grain_Initiative?utm_source=openai • The Black Sea Region https://www.gssc.lt/wp-content/uploads/2025/06/v01_Cenusa_Black_Sea_war_impact_A4_EN.pdf?utm_source=openai • 2025 MT Orinda fire https://en.wikipedia.org/wiki/2025_MT_Orinda_fire?utm_source=openai • 2025 MT Orinda fire https://en.wikipedia.org/wiki/2025_MT_Orinda_fire?utm_source=openai • Ukrainian attacks on the Russian shadow fleet https://en.wikipedia.org/wiki/Ukrainian_attacks_on_the_Russian_shadow_fleet?utm_source=openai • HIGH REPRESENTATIVE https://black-sea-maritime-agenda.ec.europa.eu/file/download/992?utm_source=openai • PA Turkey https://www.paturkey.com/news/2025/turkeys-ports-handle-47-68-million-tons-of-cargo-in-july-2025-up-8-year-on-year-22773/?utm_source=openai • Turkey's Top Trading Ports: The 2026 Logistics & Middle Corridor Guide - Turkpidya https://turkpidya.com/ports-in-turkey-guide/?utm_source=openai • Port of Tekirdag https://en.wikipedia.org/wiki/Port_of_Tekirdag?utm_source=openai • 2025 MT Orinda fire https://en.wikipedia.org/wiki/2025_MT_Orinda_fire?utm_source=openai • Russia’s Intentions and Actions in the Black Sea https://www.transatlantic.org/wp-content/uploads/2025/08/RSI-II-Russia-and-the-Black-Sea-final-report-May-30-2025-final-version.pdf?utm_source=openai • The Black Sea Region https://www.gssc.lt/wp-content/uploads/2025/06/v01_Cenusa_Black_Sea_war_impact_A4_EN.pdf?utm_source=openai • HIGH REPRESENTATIVE https://black-sea-maritime-agenda.ec.europa.eu/file/download/992?utm_source=openai • Ukrainian attacks on the Russian shadow fleet https://en.wikipedia.org/wiki/Ukrainian_attacks_on_the_Russian_shadow_fleet?utm_source=openai • TurkStream https://en.wikipedia.org/wiki/TurkStream?utm_source=openai • PA Turkey https://www.paturkey.com/news/2025/turkeys-ports-handle-47-68-million-tons-of-cargo-in-july-2025-up-8-year-on-year-22773/?utm_source=openai • The Black Sea Region https://www.gssc.lt/wp-content/uploads/2025/06/v01_Cenusa_Black_Sea_war_impact_A4_EN.pdf?utm_source=openai • Black Sea Grain Initiative https://en.wikipedia.org/wiki/Black_Sea_Grain_Initiative?utm_source=openai • Turkey's Top Trading Ports: The 2026 Logistics & Middle Corridor Guide - Turkpidya https://turkpidya.com/ports-in-turkey-guide/?utm_source=openai • PA Turkey https://www.paturkey.com/news/2025/turkeys-ports-handle-47-68-million-tons-of-cargo-in-july-2025-up-8-year-on-year-22773/?utm_source=openai • Port of Tekirdag https://en.wikipedia.org/wiki/Port_of_Tekirdag?utm_source=openai • Global Container Volumes Show Robust Growth in Q4 2025, 2026 Outlook Positive - Ports Directory https://ports.marinelink.com/ports/port/new-smyrna/news/global-container-volumes-show-robust-growth-in-q4-2025-2026-outlook-positive?utm_source=openai • Q1 2026 Global Container Volumes Show Modest Growth Amid Regional Shifts - Ports Directory https://ports.marinelink.com/ports/port/roosevelt/news/q1-2026-global-container-volumes-show-modest-growth-amid-regional-shifts?utm_source=openai • RWI/ISL Container Throughput Index | ISL https://www.isl.org/en/services/rwiisl-container-throughput-index?utm_source=openai • Tornavia Trading | Research Insights https://tornaviatrading.com/publications/260401_tvt_freight_liquid_bulk_insight_v1.pdf?utm_source=openai • Tornavia Trading | Research Insights https://tornaviatrading.com/publications/260401_tvt_freight_liquid_bulk_insight_v1.pdf?utm_source=openai • Tornavia Trading | Research Insights https://tornaviatrading.com/publications/260401_tvt_freight_liquid_bulk_insight_v1.pdf?utm_source=openai • Global Container Throughput Hits Record High While Freight Rates Remain Under Pressure | 亞洲財經觀察 https://asiaeconnews.com/en/global-container-throughput-hits-record-high-while-freight-rates-remain-under-pressure/?utm_source=openai • Tornavia Trading | Research Insights https://tornaviatrading.com/publications/260401_tvt_freight_liquid_bulk_insight_v1.pdf?utm_source=openai • Q1 2026 Global Container Volumes Show Modest Growth Amid Regional Shifts - Ports Directory https://ports.marinelink.com/ports/port/roosevelt/news/q1-2026-global-container-volumes-show-modest-growth-amid-regional-shifts?utm_source=openai • Global Container Volumes Show Robust Growth in Q4 2025, 2026 Outlook Positive - Ports Directory https://ports.marinelink.com/ports/port/new-smyrna/news/global-container-volumes-show-robust-growth-in-q4-2025-2026-outlook-positive?utm_source=openai • Tornavia Trading | Research Insights https://tornaviatrading.com/publications/260401_tvt_freight_liquid_bulk_insight_v1.pdf?utm_source=openai • Q1 2026 Global Container Volumes Show Modest Growth Amid Regional Shifts - Ports Directory https://ports.marinelink.com/ports/port/roosevelt/news/q1-2026-global-container-volumes-show-modest-growth-amid-regional-shifts?utm_source=openai • Turkey's Top Trading Ports: The 2026 Logistics & Middle Corridor Guide - Turkpidya https://turkpidya.com/ports-in-turkey-guide/?utm_source=openai • Q1 2026 Global Container Volumes Show Modest Growth Amid Regional Shifts - Ports Directory https://ports.marinelink.com/ports/port/roosevelt/news/q1-2026-global-container-volumes-show-modest-growth-amid-regional-shifts?utm_source=openai • Tornavia Trading | Research Insights https://tornaviatrading.com/publications/260401_tvt_freight_liquid_bulk_insight_v1.pdf?utm_source=openai