See 'equity-like returns' from the Turkish Lira carry trade: CIO
Alan Higgins, CIO of Ahli United Bank (KFH), urges investors to take a more global approach – staying invested in the US, but also looking at global equities and currencies like the Turkish lira.
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an hour ago
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Turkish-built CalMac ferry completes first sea trials
The first CalMac ferry being built by a shipyard in Turkey has completed its initial set of sea trials. MV Isle of Islay is one of four new ferries being built for Scotland's west coast routes by the Cemre shipyard at Yalova. The contract was awarded in March 2022 with delivery expected last October but after a series of delays it is now likely to enter service later this year. CalMac has extended the charter of the catamaran Alfred for a further five months to provide extra capacity while it awaits the arrival of new vessels. Representatives from CalMac, ferries procurement body CMAL and UK regulators were present as MV Isle of Islay underwent eight days of technical trials off the Turkish coast. CMAL said it now hoped to provide an updated delivery date once a second set of sea trials have been conducted during the summer. Director of vessels Jim Anderson added: "There is a great feeling of momentum following the successful completion of this first phase of sea trials." CMAL has previously said the delays in construction are partly due to the impact of the 2023 Turkish earthquake and global supply chain problems. Fresh delays to Turkish-built CalMac ferries Turkish-built CalMac ferry successfully launched The new "Islay-class" ferries have conventional diesel engines, used to generate electricity for electric motors, and also large batteries which can provide power when manoeuvring in harbour. They will be the first large vessels in the CalMac fleet fitted with a Voith Schneider propulsion system, which uses vertical spinning blades instead of a traditional propeller and rudder. The next stage of construction will involve installing the batteries and testing how the ships perform in harbour. CalMac has warned it faces another difficult summer due a shortage of vessels and potential breakdowns of its ageing fleet. MV Glen Sannox, built by the Ferguson shipyard, entered service in January on the Arran route but other large vessels have been out of action, and one vessel, MV Hebridean Isles, was retired in November. The situation should start to ease next week when the old Arran ferry MV Caledonian Isles returns to service after 16 months of repairs. The 32-year-old ship is expected back from 12 June, providing the first Arran sailings out of Ardrossan since January because Glen Sannox is too large to fit and has to sail from Troon instead. CalMac has also extended the charter for MV Alfred from Pentland Ferries until October at a cost believed to be around a million pounds a month. The catamaran has been on charter now since the spring of 2023, meaning the charter fees are far in excess of the £14m which the vessel cost to build. MV Isle of Mull is currently in dry dock for the fitting of a replacement evacuation chute system after a fault left it restricted to carrying just 45 passengers. While no date for the arrival of the new ferry MV Isle of Islay has been announced, it should be in service later this year, with three similar vessels following on at six monthly intervals. MV Glen Rosa, sister ship of MV Glen Sannox, is still being fitted out at the Ferguson shipyard in Port Glasgow. The two ships are larger and have more complex dual-fuel gas propulsion systems, but Glen Rosa is now expected to be delivered between April and June next year.
Yahoo
2 hours ago
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Turkey Blood Bags Market Competition, Forecast & Opportunities Report 2025, with Terumo BCT, Gazi Group, Lmb Technologie, Kizilay Biomedical, Ermed Tip Medikal, Erenler Medical, Kansuk Ilac & more
Turkey's Blood Bags Market sees growth through rising healthcare investments and demand spurred by chronic diseases and accidents. Opportunities lie in innovative, high-quality blood bags, tapping into urbanization and modern transfusion tech. Regulatory hurdles and competition remain challenges for market players. Turkish Blood Bags Market Dublin, June 05, 2025 (GLOBE NEWSWIRE) -- The "Turkey Blood Bags Market, By Region, Competition, Forecast & Opportunities, 2020-2030F" has been added to offering. Turkey's Blood Bags Market was valued at USD 28.25 Million in 2024 and is expected to reach USD 38.93 Million by 2030, rising at a CAGR of 5.45%. This growth is driven by a surge in demand for blood transfusions, spurred by increasing rates of chronic diseases, trauma cases, and expanding healthcare infrastructure. The market includes a wide range of blood bags such as collection, transfer, and multi-compartment bags, used extensively in hospitals, clinics, and blood banks. With healthcare investments on the rise in Turkey, including enhancements to blood donation networks and medical facilities, the demand for reliable, high-quality blood bags continues to grow. Factors such as urbanization, rising accident rates, and the adoption of modern transfusion technologies further fuel the market. However, challenges such as stringent regulatory requirements, supply chain disruptions, and competitive pressure remain significant. Market participants must innovate and comply with complex standards to capitalize on the increasing healthcare needs across the country. Key Market Drivers: Growing Number of Accidental Cases The increasing incidence of accidents in Turkey is a major factor boosting the demand for blood bags. In 2023, the country recorded a 19.2% rise in road traffic accidents involving injuries or fatalities compared to the previous year, resulting in a 25.2% increase in deaths and a 21.5% rise in injuries. This escalation directly correlates with the need for emergency transfusions, especially in trauma and emergency care units. Approximately 3 million patients in Turkey require blood transfusions annually, with 60.8% involving packed red blood cells, highlighting the critical role of blood bags. Urban centers like Istanbul, Ankara, and Izmir are particularly impacted due to high traffic density and industrial activity. As a result, there is sustained pressure on healthcare providers to maintain an adequate supply of sterile and functional blood bags, further driving market demand. Key Market Challenges: Regulatory and Compliance Barriers The Turkish blood bags market operates under stringent regulatory scrutiny to ensure product safety and efficacy in line with international standards. While these measures uphold quality, they also create significant barriers for manufacturers. Compliance involves obtaining local certifications, CE markings, and adherence to strict hygiene and anti-contamination protocols. These requirements can result in substantial costs and time delays, particularly for domestic manufacturers aiming to meet evolving regulatory benchmarks. The dynamic nature of compliance standards adds complexity to market entry and scalability. Companies are often compelled to invest heavily in research and development, regulatory affairs, and quality assurance systems, which increases operational expenditures and slows down time to market. Key Market Trends: Technological Advancements in Blood Bag Design and Functionality Innovations in blood bag design are reshaping the market by improving safety, efficiency, and usability. Advanced blood bags now feature integrated filters, RFID-enabled tracking systems, and enhanced anticoagulant solutions that extend shelf life and reduce contamination risks. The development of multi-compartment, single-use blood bags allows for better separation, storage, and transport of different blood components, a key requirement in modern transfusion therapy. Hospitals and blood banks are increasingly adopting these advanced systems to boost patient safety and streamline inventory management. Manufacturers focusing on high-performance, tech-integrated blood bag solutions are gaining a competitive edge, tapping into both domestic demand and export potential with premium product offerings. Key Market Players: Terumo BCT Turkey Gazi Group Lmb Technologie Kizilay Biomedical Ermed Tip Medikal ERENLER MEDIKAL SAN. TIC. LTD. STI. Kansuk Ilac InstaMed Medical Equipment Trading Key Attributes: Report Attribute Details No. of Pages 85 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $28.25 Million Forecasted Market Value (USD) by 2030 $38.93 Million Compound Annual Growth Rate 5.4% Regions Covered Turkey Report Scope: In this report, the Turkey Blood Bags Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below: Turkey Blood Bags Market, By Product Type: Single Blood Bag Double Blood Bag Triple Blood Bag Quadruple Blood Bag Penta Blood Bag Turkey Blood Bags Market, By Type: Collection Bag Transfer Bag Turkey Blood Bags Market, By Volume: 100ml 150ml 250ml 300ml 350ml 400ml 450ml 500ml Turkey Blood Bags Market, By Material: PVC PET Others Turkey Blood Bags Market, By End User: Hospitals Clinics Ambulatory Surgical Center Blood Banks Others Turkey Blood Bags Market, By Region: Marmara Region Central Anatolia Eastern Anatolia Region South-Eastern Anatolia Region Aegean Region Mediterranean Region Black Sea Region For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Turkish Blood Bags Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 hours ago
- Yahoo
Turkey Blood Bags Market Competition, Forecast & Opportunities Report 2025, with Terumo BCT, Gazi Group, Lmb Technologie, Kizilay Biomedical, Ermed Tip Medikal, Erenler Medical, Kansuk Ilac & more
Turkey's Blood Bags Market sees growth through rising healthcare investments and demand spurred by chronic diseases and accidents. Opportunities lie in innovative, high-quality blood bags, tapping into urbanization and modern transfusion tech. Regulatory hurdles and competition remain challenges for market players. Turkish Blood Bags Market Dublin, June 05, 2025 (GLOBE NEWSWIRE) -- The "Turkey Blood Bags Market, By Region, Competition, Forecast & Opportunities, 2020-2030F" has been added to offering. Turkey's Blood Bags Market was valued at USD 28.25 Million in 2024 and is expected to reach USD 38.93 Million by 2030, rising at a CAGR of 5.45%. This growth is driven by a surge in demand for blood transfusions, spurred by increasing rates of chronic diseases, trauma cases, and expanding healthcare infrastructure. The market includes a wide range of blood bags such as collection, transfer, and multi-compartment bags, used extensively in hospitals, clinics, and blood banks. With healthcare investments on the rise in Turkey, including enhancements to blood donation networks and medical facilities, the demand for reliable, high-quality blood bags continues to grow. Factors such as urbanization, rising accident rates, and the adoption of modern transfusion technologies further fuel the market. However, challenges such as stringent regulatory requirements, supply chain disruptions, and competitive pressure remain significant. Market participants must innovate and comply with complex standards to capitalize on the increasing healthcare needs across the country. Key Market Drivers: Growing Number of Accidental Cases The increasing incidence of accidents in Turkey is a major factor boosting the demand for blood bags. In 2023, the country recorded a 19.2% rise in road traffic accidents involving injuries or fatalities compared to the previous year, resulting in a 25.2% increase in deaths and a 21.5% rise in injuries. This escalation directly correlates with the need for emergency transfusions, especially in trauma and emergency care units. Approximately 3 million patients in Turkey require blood transfusions annually, with 60.8% involving packed red blood cells, highlighting the critical role of blood bags. Urban centers like Istanbul, Ankara, and Izmir are particularly impacted due to high traffic density and industrial activity. As a result, there is sustained pressure on healthcare providers to maintain an adequate supply of sterile and functional blood bags, further driving market demand. Key Market Challenges: Regulatory and Compliance Barriers The Turkish blood bags market operates under stringent regulatory scrutiny to ensure product safety and efficacy in line with international standards. While these measures uphold quality, they also create significant barriers for manufacturers. Compliance involves obtaining local certifications, CE markings, and adherence to strict hygiene and anti-contamination protocols. These requirements can result in substantial costs and time delays, particularly for domestic manufacturers aiming to meet evolving regulatory benchmarks. The dynamic nature of compliance standards adds complexity to market entry and scalability. Companies are often compelled to invest heavily in research and development, regulatory affairs, and quality assurance systems, which increases operational expenditures and slows down time to market. Key Market Trends: Technological Advancements in Blood Bag Design and Functionality Innovations in blood bag design are reshaping the market by improving safety, efficiency, and usability. Advanced blood bags now feature integrated filters, RFID-enabled tracking systems, and enhanced anticoagulant solutions that extend shelf life and reduce contamination risks. The development of multi-compartment, single-use blood bags allows for better separation, storage, and transport of different blood components, a key requirement in modern transfusion therapy. Hospitals and blood banks are increasingly adopting these advanced systems to boost patient safety and streamline inventory management. Manufacturers focusing on high-performance, tech-integrated blood bag solutions are gaining a competitive edge, tapping into both domestic demand and export potential with premium product offerings. Key Market Players: Terumo BCT Turkey Gazi Group Lmb Technologie Kizilay Biomedical Ermed Tip Medikal ERENLER MEDIKAL SAN. TIC. LTD. STI. Kansuk Ilac InstaMed Medical Equipment Trading Key Attributes: Report Attribute Details No. of Pages 85 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $28.25 Million Forecasted Market Value (USD) by 2030 $38.93 Million Compound Annual Growth Rate 5.4% Regions Covered Turkey Report Scope: In this report, the Turkey Blood Bags Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below: Turkey Blood Bags Market, By Product Type: Single Blood Bag Double Blood Bag Triple Blood Bag Quadruple Blood Bag Penta Blood Bag Turkey Blood Bags Market, By Type: Collection Bag Transfer Bag Turkey Blood Bags Market, By Volume: 100ml 150ml 250ml 300ml 350ml 400ml 450ml 500ml Turkey Blood Bags Market, By Material: PVC PET Others Turkey Blood Bags Market, By End User: Hospitals Clinics Ambulatory Surgical Center Blood Banks Others Turkey Blood Bags Market, By Region: Marmara Region Central Anatolia Eastern Anatolia Region South-Eastern Anatolia Region Aegean Region Mediterranean Region Black Sea Region For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Turkish Blood Bags Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
