Turkish shipyard revenue has reached $2.5bn per year thanks to investment over the last 15 years.

This is according to Turkey's transport, maritime affairs and communications minister Ahmet Arslan, who was cited by the Daily Sabah as saying: "The number of shipyards has risen from 35 to 79.

"We have 585 locations for boat production, with the capacity to produce 700,000 tons of steel every year and build 4.5m