What is palmali shipping?

Palmali Shipping is a Turkish shipping company based in Istanbul that operates a fleet of vessels for the transportation of oil, petroleum products, and gas. The company was founded in 1998 by Mubariz Mansimov, a notable businessman and philanthropist from Azerbaijan.

Palmali Shipping has a diverse fleet of tankers and bulk carriers that operate across the world's major shipping routes, including Europe, Asia, and the Middle East. The company has a total of 100 vessels and employs over 4,000 people.

In recent years, Palmali Shipping has faced legal and financial troubles, including disputes over debt and unpaid bills with multiple suppliers and service providers. In 2018, the company was reportedly in talks with Russian oil giant Rosneft about a potential sale of its fleet. However, no agreement was reached and the company continues to operate as an independent entity.