“Ukrainian Danube Shipping Company” (UDP) ended 2023 with a record profit of UAH 719 million, having eliminated its existing debt, the Ministry of Communities, Territories and Infrastructure (MinRestoration) reported.
“The company paid over UAH 140 million to the state budget, fulfilling its obligations to the state in full. Dividends amounted to almost UAH 216 million, which is a record figure for all the years of the Ukrainian Danube Shipping Company’s existence. At the same time, the company liquidated its existing debts,” the statement said.
The result was made possible mainly due to a single logistics service – combining freight with transshipment in Ukraine and Constanta. In addition, since the beginning of the full-scale invasion, there has been a high demand for river transportation, which takes place without intermediaries at market prices. The procurement system has also been structured and a large number of anti-corruption measures have been taken, the Ministry of Reconstruction noted.
“Ukrainian Danube Shipping Company has been steadily showing growth in all indicators. In addition to budget revenues, it is expanding its own capacities by modernizing the old fleet,” Deputy Prime Minister for Recovery and Head of the Ministry of Recovery Oleksandr Kubrakov was quoted as saying in the statement.
Kubrakov expressed his gratitude to the entire team of Ukrainian Danube Shipping Company for their work.
