Balkans: March 6, 2001

Archives

: Turkey asked virtually every shipyard in Europe and the US to bid on a batch of eight new frigates, but only two groups (a German consortium and a Turkish company) replied. The problem is that the conditions are impossible for shipyards to meet. These include:

1. The ships must be built in Turkey, as must the bulk of their components.

2. The bidder must provide Turkish companies with the technology to build the components.

3. The bidder must completely finance the deal (including an option of four extra ships) with letters of credit and contracts to buy Turkish products.--Stephen V Cole

 

X

ad

Help Keep Us From Drying Up

We need your help! Our subscription base has slowly been dwindling.

Each month we count on your contribute. You can support us in the following ways:

  1. Make sure you spread the word about us. Two ways to do that are to like us on Facebook and follow us on Twitter.
  2. Subscribe to our daily newsletter. We’ll send the news to your email box, and you don’t have to come to the site unless you want to read columns or see photos.
  3. You can contribute to the health of StrategyPage.
Subscribe   contribute   Close