Ocean Shipyard (Mykolaiv) will increase production volumes and intend to take a leading position in the industry, the plant’s owner Vasyl Kapatsyna has said.
“Last year, we finally defended the legal right to Ocean Shipyard. We revived production and diversified our activities in order to maintain the main profile of the enterprise, jobs and modernize technologies. Today I set new tasks for the Ocean Shipyard’s team, namely, increasing production volumes and return of the leading position in the industry,” Kapatsyna said on Facebook.
According to him, a new governing agency has been created at Ocean Shipyard, a supervisory board, which is entrusted with the tasks of strategic planning, the development of international relations, raising investments, as well as partnership programs. Viktor Tsoklan was appointed as head of the supervisory board. In the near future, the supervisory board will focus on development strategies, foreign economic activity, and ensuring public-private partnerships in the defense industry.
“I am also pleased to say that Serhiy Hursky, a shipbuilder of a new generation, has been appointed as Director General of Ocean Shipyard. I believe that the experience and energy of Serhiy Vasyliovych will return Ocean Shipyard to leading positions. I remain the main investor of Ocean Shipyard, the largest shipbuilding enterprise in Ukraine,” Kapatsyna said.
Mykolaiv Shipyard Ocean PJSC (until April 2011 – Vadan Yards Ocean, until December 2008 – Damen Shipyards Okean, until February 2001 – Shipyard Ocean) specialized in the production and repair of container ships, tankers, tugs, barges with a displacement of up to 350,000 tonnes.
KAPATSYNA, MYKOLAIV, OCEAN SHIPYARD, PRODUCTION, SHIPBUILDING
National bank of Ukraine’s official rates as of 22/03/21
Source: National Bank of Ukraine
PJSC Kriukiv Car Building Works (KCBW, Poltava region) completed 2020 with a net profit of UAH 99.045 million, which is 87.5% less, year-over-year, according to preliminary data.
According to the information on the agenda of the shareholders’ general meeting on April 22, released on Monday in the information disclosure system of the National Securities and Stock Market Commission of Ukraine, the draft of its decision is planned to send the profit to the development of the enterprise, not to pay dividends (as in the previous year).
As reported, in 2020 the plant reduced the production of freight cars by 70%, to 1,569 units.
PJSC Kriukiv Car Building Works is the only enterprise in the CIS that has a well-established and operating production of two types of cars: passenger and freight (platform cars, tanks, bunker-type cars, gondola cars). It also produces regional diesel trains, high-speed interregional locomotive-hauled trains, spare parts and bogies for freight cars.
Official rates of banking metals from national bank as of March 22
One troy ounce=31.10 grams
The Shevchenkivsky District Court of Kyiv, based on materials of the SBU, seized the integral property complex and 100% of the shares of JSC Motor Sich.
According to the SBU press center, based on the results of the judicial review, the property was transferred to the management of Asset Recovery and Management Agency of Ukraine (ARMA) with the obligatory determination of a state-owned management company.
At present, the Main Investigation Department of the SBU carries out pretrial investigations of Motor Sich in two directions.
The first is on the grounds of crimes provided for in Articles 14, 15, 111 and 113 of the Criminal Code of Ukraine (regarding sabotage and subversive activities in favor of the Russian Federation).
The second – on the grounds of crimes provided for by Articles 209, 212 and 364 of the Criminal Code of Ukraine. It examines violations of the law during the initial privatization and subsequent illegal concentration of shares.
“This is not only about the fate of one enterprise, but about how the state is able to protect its own interests. Since the security of the Ukrainian Motor Sich is a matter of national security,” the press center quotes head of the SBU Ivan Bakanov.
The state-owned enterprise JSC Motor Sich will continue its work in accordance with requirements of the current legislation, with the preservation of jobs and fulfillment of obligations within the framework of production orders, the SBU reports.
As reported, on March 12, Secretary of the National Security and Defense Council of Ukraine Oleksiy Danilov said that at a meeting of the National Security and Defense Council on Thursday, March 11, it was not about the nationalization of Zaporizhia Motor Sich enterprise, but about its return to the ownership of the Ukrainian people in accordance with the current legislation.
Chinese Foreign Ministry Spokesperson Zhao Lijian, in turn, stated that China requires Ukraine to protect the legitimate interests of Chinese investors in connection with the decision to nationalize the Motor Sich JSC, more than 50% of which is owned by Chinese companies.
The Chinese shareholders of Motor Sich initiated an arbitration against the state of Ukraine in December 2020 for $3.6 billion. They claim that the Ukrainian authorities expropriated their investments, as well as violated their other rights provided for by the intergovernmental agreement on the encouragement and mutual protection of investments between Ukraine and China from October 1992. The interests of the Chinese plaintiffs are represented by international law firms WilmerHale, DLA Piper and Bird & Bird.
According to a source in Ukrainian government, currently about 75% of Motor Sich shares are already owned by a group of Chinese owners, and some part of the disputed block of shares acts as collateral for financing provided, among other things, by China Development Bank.
Motor Sich is one of the world’s largest manufacturers of aircraft engines and industrial gas turbine units. It exports its products to more than 100 countries. Motor Sich reported UAH 930.2 million in net profits in January-September 2020, while it saw net losses of UAH 532.7 million in the same period in 2019. The company’s net revenue has grown by 20.2% to UAH 7.6795 billion.
The second stage of the vaccination campaign will start in Ukraine on March 22, Health Minister Maksym Stepanov said during a press briefing in Kyiv on Monday.
“On March 22, the second stage of vaccination starts in Ukraine. In addition to mobile teams, 565 vaccination units are added. At the second stage, vaccination of people with an extremely high risk of infection – family doctors is to start. With the arrival of new vaccines, vaccination of social workers, public health workers and people over 80 will also begin (from March 29-30),” he said.
The minister noted that in general, within the framework of the second stage of vaccination, it is planned to launch more than 2,500 vaccination points, which will be deployed as the vaccine arrives.
In addition, Stepanov added that the vaccination program exceeded the mark of 100,000 vaccinations and currently 111,025 vaccinations have been carried out in the country.
