Erdoğan co-founded MB Denizcilik,[REF] a company incorporated in Turkey with Mecit Çetinkaya, a "veteran shipowner" who also owns the company Manta Denizcilik [REF].
In 2015, Aydınlık reported that Erdoğan now owned 99% of MB (with Çetinkaya owning the other 1%) and that MB owned tankers worth US$80 million [REF].