World Bank and KOSDER Unite for Green Shipping

Global Backing for Turkish Coaster Renewal

The world bank and the Turkish Coaster Shipowners and Operators Association (KOSDER) have come together once again to discuss the renewal of Turkey’s coaster fleet and transition toward more environmentally friendly shipping practices. On January 28, representatives from both organizations convened at the Istanbul office of the International Finance Corporation (IFC), which operates under the World Bank Group. Leading the kosder delegation were Chairman Hakan Çendik, Founding Chairman Salih Zeki Çakır, and Board Member Akif Murat Ural. Joining them were World Bank Senior Transport Specialist Andrew Losos, IFC Senior Investment Officer Sudipta Husain, Associate Professor Dr. Mehmet Doymuş of Dokuz Eylül University, and Gazday General Manager Mehmet Doğan.

During the meeting, participants focused on the significance of modernizing Turkey’s coaster fleet, which plays a vital role in the country’s short-distance maritime trade and regional routes. With international regulations increasingly emphasizing green shipping and limiting sulfur emissions, upgrading these vessels has become an urgent priority. By fitting coasters with advanced technology and cleaner fuel systems, Turkish operators aim to comply with stricter environmental rules and reduce their carbon footprint in line with global standards.

Speaking after the meeting, KOSDER Chairman Hakan Çendik highlighted the World Bank’s past support for strategic sectors in Turkey. According to Çendik, the green transformation of the nation’s coaster fleet is high on the agenda, partly due to new maritime regulations restricting sulfur emissions. He emphasized, “Under evolving environmental frameworks, short-sea ships like coasters must adapt quickly. In this context, our consultations with the World Bank and IFC—both major players in global development finance—are extremely significant.”

One key point raised was IFC’s readiness to invest in greener shipping ventures, given its status as the world’s largest global development institution focused on the private sector. Its portfolio includes support for lower-sulfur fuels and alternative energy sources, which align with broader international moves toward sustainable maritime operations. This suggests that projects aiming to modernize the Turkish coaster fleet could secure long-term financing, especially if they implement innovative and environmentally friendly technologies such as energy-efficient propulsion systems and digital monitoring tools.

During the discussions, World Bank Senior Transport Specialist Andrew Losos reiterated the importance of the coaster fleet to Turkey’s economy. Upgraded vessels could potentially boost regional trade across the Black Sea, Aegean, and Mediterranean basins. By improving the competitiveness and sustainability of Turkey’s maritime sector, Losos noted, the country might strengthen its position in global shipping markets.

KOSDER’s commitment to collaborating with the World Bank and IFC on ongoing project studies also emerged as a highlight. The association plans to gather input from various stakeholders to refine both technical and financial solutions for renewing the coaster fleet. The relatively high average age of many coaster vessels underscores the urgency and importance of this renewal process. Newer, greener designs are expected not only to meet international regulations but also to result in lower operational costs and more profitable operations in the long run.

It was recalled that World Bank representatives had recently met with KOSDER members during a breakfast gathering, fielding questions about available financing mechanisms and the specifics of international credit programs. Building on those discussions, the latest meeting is seen as a step toward solidifying a joint roadmap. The aim is to create a detailed action plan to expedite the renewal of the coaster fleet, incorporating environmental technologies from the onset.

Looking ahead, both sides expressed hope for more frequent meetings to set a concrete timetable. Many in the maritime sector anticipate that the pace of project development will quicken and result in tangible outcomes. As Chairman Çendik explained, “The World Bank stands ready to support the renewal of coaster vessels. We at KOSDER continue to monitor the sector closely, identifying needs and ensuring the necessary coordination. These efforts could serve as a model not only for Turkey but for the entire region.”

From a broader perspective, modernizing Turkey’s coaster fleet may create fresh opportunities across the maritime sector. Shipyards could benefit from increased construction and refurbishment activity, while local suppliers might gain new business by providing eco-friendly technologies and systems. In the long run, a more competitive and environmentally conscious coaster fleet could help elevate Turkey’s status in international shipping markets.

In summary, the renewed collaboration between the World Bank and KOSDER underlines the global shift toward sustainable maritime practices and the vital role of short-sea vessels in that transformation. With further meetings on the horizon, the immediate focus will remain on finalizing practical plans that can guide the industry toward a greener future while maintaining the efficiency and profitability of Turkish coasters.