- Business
- Hat-San Gemi Insaa Bakim Onarim Deniz Nakliyat Sanayi ve Ticaret A.S. operates as a maritime engineering, shipbuilding, and ship repair company based in Turkey. Founded in 2006 and headquartered in Yalova, Turkey, the company operates as a subsidiary of Pekar Group and maintains extensive shipyard facilities within the Altinova Shipyard Zone along the Sea of Marmara. Hat-San Gemi Insaa Bakim Onarim Deniz Nakliyat Sanayi ve Ticaret A.S. operates primarily through two core business segments: Ship Newbuilding and Ship Repair, Maintenance, and Conversion. The company's comprehensive product and service offerings comprise new vessel construction, including chemical and product tankers, container feeder ships, multi-purpose dry cargo vessels, tugboats, workboats, fishing vessels, live fish carriers, offshore support vessels, and non-propelled barges; ship drydocking, maintenance, and routine repair services, including hull steel renewals, hydro-blasting and grit blasting, marine anti-fouling coatings and painting, main engine and auxiliary machinery overhaul, propulsion shaft and propeller servicing, electrical and automation repairs, piping prefabrication and installation, and rudder system overhauls; complex vessel conversions and structural modifications, including vessel lengthening, deadweight capacity increases, cargo hold reconfigurations, and specialized vessel repurposing; green maritime retrofits, including Ballast Water Treatment System (BWTS) turn-key integration, Exhaust Gas Cleaning System (EGCS/scrubber) installation, alternative fuel system adaptations, and energy-saving device retrofits; and maritime transport, logistics, and marine contracting services. The company caters to domestic and international shipowners, commercial fleet operators, and maritime transport enterprises across Europe, the Mediterranean, the Black Sea, and the Middle East utilizing its Panamax- and Post-Panamax-capable floating drydocks, extensive quayside berthing, heavy-lift gantry cranes, and closed fabrication workshops. In recent developments, Hat-San Gemi Insaa Bakim Onarim Deniz Nakliyat Sanayi ve Ticaret A.S. successfully completed its initial public offering (IPO) on Borsa Istanbul under the ticker symbol HATSN, raising equity capital to finance infrastructural expansions and working capital requirements. Over the last one to two years, the company has directed capital expenditures toward enlarging its drydocking and lifting capacities through floating dock investments, expanding its footprint in high-margin green retrofit engineering for vessels complying with International Maritime Organization (IMO) decarbonization standards, securing multiple high-value international ship repair and specialized newbuilding contracts, and modernizing its automated steel cutting and robotic welding facilities.