Business news from Ukraine

Business news from Ukraine

NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 14/04/21

National bank of Ukraine’s official rates as of 14/04/21

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF APRIL 14

Official rates of banking metals from national bank as of April 14

One troy ounce=31.10 grams

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OCEAN SHIPYARD FROM UKRAINE RESTORING DRY DOCK OPERATION

The Ocean Shipyard (Mykolaiv) has begun work on the creation of a new design for the dry dock gate, which will reliably seal the dock and allow the regular use of the dry dock.
According to a company press release, the new gate consists of eight sections, each weighing about 100 tonnes. In general, more than 800 tonnes of steel will be used for its creation.

The Ocean dry dock is 355 meters long, 60 meters wide, 17.1 m deep. It is one of the largest in Europe and so far the only one available in Ukraine. The area of the front dock is 35,000 square meters. The dry dock is equipped with two gantry cranes with a lifting capacity of 320 tonnes each and four erecting cranes a lifting capacity of 80 tonnes each.
The press service said that the restoration of the dry dock will enable the Ocean shipyard to return to the heavy-duty shipbuilding market, as well as to repair ships up to 300 meters in length.
The completion of the restoration of the dry dock gate is planned in the fourth quarter of 2021.
Mykolaiv Shipyard Ocean LLC (before April 2011 Wadan Yards Okean, before December 2008 Damen Shipyard’s Okean, before February 2001 – Shipyard Ocean).

The shipyard was established in 1951. It is one of the three largest shipbuilding enterprises in Ukraine. The main activities are shipbuilding and ship repair. The plant has two technological lines for the construction of medium and large-tonnage vessels. The large-tonnage line is used for building tankers and container ships, while the medium-tonnage lines are used to build barges, pontoons and tugs.
Since 2019, the Ocean Shipyard not only completes shipbuilding and ship repair orders, but also manufactures metal structures for infrastructure projects. Among them are the bridge on Volodymyrska Hirka and the Shuliavsky overpass in Kyiv.
The owner of the plant is businessman from Mykolaiv Vasyl Kapatsyna.

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SEVERODONETSK AZOT RAISES PRODUCTION OF FERTILIZERS IN Q1

PrJSC Severodonetsk Azot, part of Group DF of businessman Dmytro Firtash, in January-March 2021 increased the production of mineral fertilizers by 47.4% compared to the same period in 2020, to 265,620 tonnes, according to the company’s press release published on Tuesday.
During this period, the production of ammonium nitrate decreased by 9.2%, to 141,610 tonnes, urea increased by 3.7 times, to 119,600 tonnes, urea-ammonium nitrate (UAN) by 4.6 times, to 17,400 tonnes, and the production of ammonia water decreased by almost 94.7%, to 150 tonnes.
In addition, the enterprise produced 147,810 tonnes of ammonia; 1,590 tonnes of liquid carbon dioxide and 20,170 cubic meters of medical oxygen in cylinders.
“We managed to increase the utilization of the company’s production capacities from 30% to 50%. Further growth of production volumes will depend on the level of demand for mineral fertilizers and on how the ICIT [Interdepartmental Commission on International Trade] resolves the issue of limiting imports of nitrogen fertilizers in Ukraine,” Board Chairman of Severodonetsk Azot Leonid Buhayov said.
He said that the enterprise will be able to continue to load workshops and increase production if imports are limited due to quotas.
In May 2020, Severodonetsk Azot restored the full production cycle, it began production of its own ammonia and the production of ammonium nitrate, urea, and urea-ammonium nitrate, which made it possible to load production capacities by about a third. According to the company, all concluded contracts are fully implemented, despite the special working conditions during the quarantine period. The enterprise said that some workshops had been idle for more than seven years due to hostilities in the region, lack of reliable power supply and damaged infrastructure.
PrJSC Severodonetsk Azot is one of the largest Ukrainian chemical enterprises. It has been part of Dmytro Firtash’s Group DF since 2011. The core business of the enterprise is the production of mineral nitrogen fertilizers.

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OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF APRIL 13

Official rates of banking metals from national bank as of April 13

One troy ounce=31.10 grams

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 13/04/21

National bank of Ukraine’s official rates as of 13/04/21

Source: National Bank of Ukraine