Business news from Ukraine

Business news from Ukraine

South Korea to Send Container Ship to Europe via Arctic for First Time

On August 22, South Korea will send a commercial container ship from Busan to Europe via the Northern Sea Route for the first time, the Experts Club information and analytical center reports.

The 2,700-TEU container ship PanStar Acro will call at Felixstowe in the United Kingdom, Rotterdam in the Netherlands and Gdańsk in Poland before returning to South Korea. The entire experimental voyage will take around 40–45 days, according to operator PanStar.

The Arctic route could potentially reduce the distance between Asia and Europe from approximately 20,000 km to 13,000 km and cut delivery time from 30 to 20 days. If the trial is successful, Seoul will consider launching a regular seasonal container service by 2030.

 

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“Arctic” logistics complex near Kiev sold for 200 mln UAH

OVL Properties LLC (Kyiv), created in January 2023, has bought the logistics complex Arktika in village Kryukivschyna (Kyiv region) for 200.5 million UAH at an auction in OpenMarket system (SE “Setam”).
According to the data in the OpenMarket system, a single property complex with a total area of 21.4 thousand square meters and a land plot of 4.9 hectares were under arrest and were put up for sale to recover debts from its owner.
According to the court materials, the owner of the complex BCT (Kiev) is debtor Dragon Capital Investments Limited (Cyprus), the amount of obligations is $7.2 million (UAH 190.1 million).
Dragon Capital Investments LLC and Inter Wei Capital LLC also took part in the auction on January 26.
According to Opendatabot, the founder of LLC “OVL Property” created a week before the auction is Elena Levshun.
As reported, in February 2019, Dragon Capital completed the acquisition of the Class A logistics complex “Arctic” owned by the state-owned Oschadbank with a total area of 21.5 thousand square meters near Kiev through its subsidiary “BCT”. Oschadbank sold “Arctic” in November 2018 on the electronic bidding platform OpenMarket state enterprise SETAM for 195 million UAH.
Later in 2021, Ukrainian businessman Yuri Kosyuk’s MHP agroholding rented a logistics center and opened its own Culinary Center there
Dragon Capital is one of the largest investment and financial services groups in Ukraine, providing a full range of investment banking and brokerage services, private equity, asset management for institutional, corporate and private clients. The company was founded in 2000 in Kiev. One of the key activities of Dragon Capital are investments in the real estate market.

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