Business news from Ukraine

Business news from Ukraine

Nibulon opens new gallery in Mykolaiv

5 November , 2024  

One of the largest grain market operators in Ukraine, JV Nibulon LLC, has built a gallery at the transshipment terminal for receiving cargo from water transport at the Mykolaiv Grain Hub, the grain trader’s press service reports on Facebook.
“From now on, Nibulon’s largest grain hub in Mykolaiv can work not only for unloading grains and oilseeds from rail to water transport, but also vice versa. The new gallery has the capacity to load one railroad car per day and, if necessary, can transship grain not only from Nibulon barges but also from Panamax vessels,” the statement said.
The agricultural holding intends to use these facilities to receive cargo from Voznesensk and Novoodessk branches after the resumption of water transportation on the route.
“This will reduce the burden on agricultural producers in terms of logistics costs, as it offers the cheapest way of transportation on the site with subsequent transshipment to wagons and transportation to the ports of Izmail and Greater Odesa,” the agricultural holding explained and invited colleagues to cooperate.
Nibulon JV LLC was established in 1991. Prior to the Russian military invasion, the grain trader had 27 transshipment terminals and crop reception complexes, a one-time storage capacity of 2.25 million tons of agricultural products, a fleet of 83 vessels (including 23 tugs), and owned the Mykolaiv Shipyard.
“Before the war, Nibulon cultivated 82 thousand hectares of land in 12 regions of Ukraine and exported agricultural products to more than 70 countries. In 2021, the grain trader exported the highest ever volume of 5.64 million tons of agricultural products, reaching record volumes of supplies to foreign markets in August – 0.7 million tons, in the fourth quarter – 1.88 million tons, and in the second half of the year – 3.71 million tons.
Nibulon’s losses due to Russia’s full-scale military invasion in 2022 exceeded $416 million.
Currently, the grain trader is operating at 32% of capacity, has created a special unit to clear agricultural land of mines, and was forced to move its headquarters from Mykolaiv to Kyiv.

Source: https://www.fixygen.ua/news/20241105/nibulon-vidkrivae-novu-galereyu-v-mikolaevi.html

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