Tersan Group was initially established as a Ship Service Company which included agency services, operations, management and the company provided a wide range of services for the vessels passing through Bosphorus in and out of Black Sea region. During this period the group purchased their own ships and started operations worldwide.
In 1997, after acquiring a floating dock and a shipyard in Istanbul’s Tuzla shipyard region, the group extended their scope of work to ship repair, maintenance, overhaul and ship docking. Success in repairing and docking of around 50 to 70 ships per year brought rapid development to Tersan Group into the new ship building sector very soon.
In 2001 Tersan Group established their ship building yard in the same region of Tuzla/Istanbul but separately from the repair yard. The first new building project was successfully delivered in 2002 which is followed by a number of challenging new building projects until 2008
The limited areas in Tuzla/Istanbul region and the capabilities of the current yard no longer met with Tersan’s future targets for building "huge offshore and handymax commercial vessels", consequently Tersan decided to invest in a new yard in Yalova.
The repair yard remaining in Tuzla/Istanbul, Tersan’s ship building division moved to Yalova in 2008. The new facilities in Yalova is today one of the biggest and most modern shipyards in Europe.
In January 2008, due to present market changes group decided to own vessels besides building.
In October 2009, in light of good developments and long term agreements group decided to established own Technical Management Company. In December 2009, Tersan established own management company to manage Tersan vessels.