The total volume of operational dredging performed by technical fleet of Delta-Pilot branch of state-owned enterprise (SOE) Ukrainian Sea Ports Authority exceeded 500,000 cubic meters from the beginning of 2020, which is more than 30% of the annual plan, the press service of the Sea Ports Authority said on Monday, April 27.
The authority said that there was a scheduled repair of most of the branch’s technical fleet vessels in 2019. Three Rion dredging convoys were docked, while Inhulsky and Meotida dredging pumps were classified. It limited the dredging volume at the level of 824,700 cubic meters for 2019, but made it possible to establish plans for operational dredging by the own fleet at 1.6 million cubic meters for 2020.
In 2020, dredging was provided on the Buzko-Dniprovsko-Lymansky sea canal, Kherson sea canal, the sea access channel of the Danube-Black Sea deep water canal, the access channels of ports of Mariupol and Berdiansk and on the access channel of Dnistrovsko-Tsarehradsky.
Operational dredging is planned by technical fleet of Delta-Pilot branch in water areas and on the sea access channels of the ports of Odesa, Pivdenny, Mariupol, as well as on Kherson sea canal and on the sea access channel of the Danube-Black Sea deep water canal by the end of 2020.
The dredging fleet of Delta-Pilot branch of the of SOE Ukrainian Sea Ports Authority consists of three dredging pumps (Inhulsky, Meotida, Tylihulsky), as well as a dredging convoy as part of multi-bucket dredger Rion, two sludge vessels (Krymska-3, Krymska-9), and a MZ-318 multicat (an anchor handling vessel).
The State Automobile Roads Agency of Ukraine (Ukravtodor) has started overhaul on N-08 road in Cherkasy region on the site from the turn to Kaniv in Sofiyivka village to Pischane village of Zolotonosha district. Ukravtodor said in its Telegram channel that this is the first overhaul in Cherkasy region over the past 12 years.
The agency plans to repair 33.5 kilometers of N-08 road Boryspil-Dnipro-Zaporizhia-Mariupol in 2020.
Under the overhaul of the site, in particular, it is planned to carry out a complex of the following works: regeneration of structural layers of the road surface using cold recycling technology; strengthening the road’s sides and the drainline system from the roadway; construction of the road surface; furniture of auxiliary lanes; construction of road surface and road exits from three layers of asphalt concrete; construction of new landing and stopping areas; furniture of road surface marking and information signs.
In addition, it is planned to repair the bridge over the Supiy River, namely, to install a new monolithic slab and new barrier railings.
PrJSC Ukrnaftoburinnia in January-March 2020 increased natural gas production by 19% compared to the same period in 2019, to 197 million cubic meters, oil and condensate by 13%, to 23,200 tonnes, the press service of the company has said.
In March, the volume of production amounted to 65.2 million cubic meters of natural gas and 7,600 tonnes of oil and condensate.
“Despite the global economic situation and strict quarantine measures, the company continues to increase production results and focus on modern technologies to maintain and increase production volumes,” the press service said citing chairman of the board Mykhailo Bakunenko.
At the same time, Ukrnaftoburinnia notes that the oil and gas industry is currently in a difficult situation, a possible forced reduction in investment in the sector could affect the level of hydrocarbon production. In accordance with this, the company sees the need for government support for the industry.
As reported, in 2019 the company increased production of natural gas by 38% compared to 2018, to 734.6 million cubic meters, oil and condensate by 21.5%, to 87,100 tonnes.
The head of the office of the National Investment Council of Ukraine, Olha Mahaletska, predicts a decrease in the interest of potential investors in regional airports, according to the website of the council. “Previously, one of the most attractive areas for investment was infrastructure, namely, concession of airports, but after the pandemic the world will change, the focus of interest will change. I do not think that now regional airports will be considered by potential investors as one of the most interesting topics,” she notes.
According to Mahaletska, the council is already conducting the sector analysis to understand which areas may be attractive to investors in the post-pandemic period.
At the same time, the council said, with reference to professor at Georgetown University Anders Aslund, that after the COVID-19 pandemic, the Ukrainian economy will be in a slightly better position than the economy of the European Union: while the EU will lose about 10% of GDP in 2020, Ukraine will lose about 8%.
The head of the office said that the timely introduction by the Ukrainian government of a quarantine was a very correct decision, which helped contain the spread of the disease in the country.
Meest China, which is part of Meest group of companies, has launched direct air delivery of commercial freight to Ukraine from China. Meest said on its Facebook page that flights will be operated on Beijing-Boryspil and Guangzhou-Boryspil routes twice a week. Cargoes are accepted in volumes of three cubic meters, which is convenient for small and medium-size entrepreneurs.
Meest Group (part of Meest Corporation Inc., Toronto, Canada) provides postal and logistics services in 20 countries in particular, Canada, the United States, Ukraine, Australia, Germany, Great Britain, France, Italy, Spain, Greece, Portugal, the Czech Republic, Poland, China, Kazakhstan, Georgia, Uzbekistan, Armenia, Azerbaijan, Israel.
In Ukraine, the group is represented by the postal and logistics operator Meest Express, which has been providing targeted delivery services since 2005.
The net profit of Arricano Real Estate Plc (Cyprus), the managing company and developer of a number of shopping and entertainment centers in Ukraine, amounted to $8 million in 2019, which is 4.7 times less than in 2018. According to a company report released on the London Stock Exchange, its revenue last year increased by 18.2%, to $37.3 million.
The losses from revaluation of Arricano’s investment property in 2019 were $12.2 million, compared with profit from revaluation of investment property of $42.25 million a year earlier.
“In connection with the increase in the hryvnia to U.S. dollar exchange rate in 2019, a loss from revaluation of investment property for the total amount of $12.2 million was reflected. This was more than fully offset by currency conversion adjustments related to investment property,” the company’s report said.
As a result, the total fair value of Arricano’s investment property increased by 11.9%, to $289.3 million as of December 31, 2019. The increase in portfolio value was mainly due to an increase in rental income from operating real estate.
In addition, the net value of assets jumped by 36%, to $127.9 million, or $1.24 per share.
Arricano Real Estate Plc specializes in construction of shopping and entertainment centers, it is one of the leading developers in the Ukrainian real estate market.
