Business news from Ukraine

Business news from Ukraine

FRAMSHIPPING OFFERS CHORNOMORSK PORT INVESTMENT PROJECT WITH INCREASING TRANSSHIPMENT BY 14 MLN T

31 August , 2016  

KYIV. Aug 31 (Interfax-Ukraine) – Framshipping, part of Grain Capital group, has offered Chornomorsk seaport (Odesa region) an investment project with an annual increase in cargo handling by 14 million tonnes.

The port’s press service said, with reference to Framshipping Deputy Director Dmytro Balzhik, the company sees the opportunity in five or six years to increase the port’s capacity by about 14 million tonnes per year.

The investor would rent warehouse No. 11 with the aim to build a universal complex for transshipment of goods on its base. It will include a grain elevator of about 5.5 million tonnes of grain per year, bringing the amount to 8 million tonnes, a complex for handling vegetable oils, which will be designed for a certain circle of cargo owners, which are in contact with Framshipping: they intend to carry up to 2 million tonnes of oil per year.

It is also envisaged to create a complex for stuffing containers, improving the performance up to 500 containers per day, a complex for transshipment of packaged goods (cereals, flour), a complex for transshipment of general freight. Its work will start from handling 4.7 million tonnes with a view to reach 6 million tonnes per year.