Business news from Ukraine

Exports through Ukrainian Sea Corridor reached 15 mln tons

8 January , 2024  

Since August 2023, the new Ukrainian Sea Corridor created by the Ukrainian Navy has exported almost 15 million tons of products, including 10 million tons of agricultural products, said Oleksandr Kubrakov, Deputy Prime Minister for the Restoration of Ukraine, Minister of Communities, Territories and Infrastructure Development.

“Over the five months of the corridor’s operation, 469 new vessels have entered our Ukrainian ports for loading. Currently, 39 vessels are being loaded in the ports of Odesa, Chornomorsk, and Pivdennyi,” Kubrakov wrote on his Facebook page on Monday.

He noted that another 83 vessels have confirmed their readiness to enter the ports and export 2.4 million tons of cargo.

Earlier, on December 30, Kubrakov said that the volume of exports amounted to 13 million tons by 400 vessels, and a total of 430 vessels passed through the corridor for loading.

According to previously published statistics from the Ministry of Economic Development and Trade, exports via the new Ukrainian corridor amounted to 6.08 million tons in September-November: 0.28 million tons in September, 2 million tons in October, and 3.8 million tons in November. The agency expected that in December it could reach 5 million tons, but, according to Kubrakov, in December it was close to 7 million tons.

It was noted that in November, the number of vessels increased to 110 from 52 in October and 5 in September, and the total for the three months was 167.

In the Black Sea Grain Initiative (BSGI), which operated earlier, the peak ship passages were 176-180 per month in September-October 2022, and exports were 3.8-4.2 million tons per month.