Business news from Ukraine

Business news from Ukraine

Cargo turnover of Ukrainian ports increased by 78.1%

5 November , 2024  

In January-October 2024, Ukrainian ports increased cargo handling by 78.1% year-on-year to 82.1 million tons from 46.1 million tons, state-owned enterprise (SOE) Ukrainian Sea Ports Authority (USPA) reported on Facebook on Monday.
According to its operational data, the volume of agricultural cargo handling for 10 months of this year reached 50.7 million tons.
Earlier, with reference to the operational data of the USPA, it was reported that in January-September 2024, Ukrainian seaports handled 74 million tons of cargo, while in the same period last year – 41.1 million tons.
According to the release, USPA’s revenue for the first 9 months of this year amounted to UAH 5.2 billion, net profit – UAH 2.2 billion, and UAH 3.1 billion will be paid to the state budget.
It is noted that the company “has achieved a high level of protection of critical infrastructure facilities and its elements – up to 95% in each of the ports of Ukraine.”
“All branches are 100% provided with alternative power sources, which guarantees uninterrupted operation of the ports. During 2023-2024, despite the difficult security situation, there was not a single case of suspension of port operations,” the USPA said in a statement.
It is also noted that the ports of the Danube region remain a reliable alternative route for Ukrainian exports and critical imports and, despite constant hostile shelling, ensure the stable functioning of logistics routes vital to the Ukrainian economy.
Since the beginning of the year, USPA has held 200 strategic meetings with international partners, where it has achieved a number of important results. In particular, a diplomatic initiative to exclude Russia from the Danube Council was successfully implemented.
“Active communication with the world’s leading and domestic media contributed to the formation of strong international support, which resulted in the attraction of technical assistance worth more than UAH 1.56 billion, including critical equipment such as pilot boats, booms, skimmers, construction equipment and generators,” the USPA press service emphasized.