KyreniaAbout 260 people were aboard the ferry when it capsized.
The route is the only sanctioned sea link between the unrecognized territory and Turkey.
An international embargo bars other transport, so the private ferry linking Kyrenia to Taşucu functions as a lifeline.
Coast guard and port authorities are still searching the site for survivors, minister Erhan Arıklı said.
Sources: TRT World, Bloomberg Business, Al Jazeera Online, Economic Times