Business news from Ukraine


22 May , 2015  

KYIV. May 22 (Interfax-Ukraine) – Public joint-stock company Chornomorsky Shipbuilding Yard (Mykolaiv), part of Smart Maritime Group (SMG), has attracted an order worth UAH 3.5 million (around $167,000 at the exchange rate of UAH 21/$1) to repair the vessel ALMERIA placed by Belize’s Concord Shipbuilding Corp.

The SMG press service reported that under the contract signed by the sides in April, the shipyard will replace internal and external shell plating. The shipyard will also repair outfitting (lifelines, ladders, bollards, hatch covers) and the mechanical assembly section of the ship.

The press service said that at present the deep modernization of the vessel RION is being finished at the shipyard under the order of the division of the Ukrainian Sea Ports Authority – state enterprise Delta-Pilot (Mykolaiv).

“Despite the unfavorable economic and political situation in the country, the shipyard has managed to attract a number of significant contracts, which allow for a stable load of the enterprise and the timely payment of wages,” reads the report.

The company said that the shipyard plans to double production in 2015 compared with a year ago, to UAH 87.2 million.

Chornomorsky Shipbuilding Yard is the shipyard with the highest technical potential in Ukraine.

Chornomorsky Shipbuilding Yard, together with Kherson Shipyard, is part of Smart Maritime Group (SMG), the largest shipbuilding holding of Ukraine, founded in 2009 to manage the maritime assets of Smart-holding.