The Ostchem nitrogen holding company, which brings together Group DF’s nitrogen business enterprises, has resumed seaborne exports of urea for the first time in seven years, Group DF’s press service reported on Wednesday.
“Ukraine has resumed seaborne exports of urea: for the first time in seven years, products from Ukrainian chemical manufacturers were shipped via sea,” the company emphasized.
According to the statement, a shipment of products manufactured by the Ostchem Group was exported through the port of Chornomorsk to international buyers in the Mediterranean region.
The total volume of the shipment was approximately 21,000 metric tons. The main export destinations were Italy and Turkey.
Among the buyers of Ukrainian urea were the U.S.-based Nitron Group and the South Korean Samsung C&T Corporation.
Group DF noted that the resumption of maritime exports occurred against the backdrop of a gradual stabilization of logistics chains and growing interest from international traders in Ukrainian products. A portion of Ostchem’s products also continues to be sold to European industrial consumers via land-based logistics routes.
The company is also in negotiations regarding new export shipments with a number of international traders and industrial consumers.
As previously reported, in April 2026, the plants of the Ostchem nitrogen holding began production of a new nitrogen fertilizer—AMS30 ammonium nitrate.
Ostchem is the nitrogen holding company of Dmitry Firtash’s Group DF, which brings together the largest producers of mineral fertilizers in Ukraine. Since 2011, it has included “Rivneazot” and Cherkasy-based “Azot,” as well as Severodonetsk-based “Azot” and “Styrol,” which are currently inactive and located in occupied territories.
Following the results of the first auction on the “Prozorro.Sales” platform, the state-owned enterprise “Black Sea Commercial Sea Port (MTP)” will transship 50,000 tons of mineral fertilizers by September 30, 2026, the press service of the Ministry of Community and Territorial Development of Ukraine reported on Telegram.
According to the report, five companies competed for the right to receive port services. The winning bidder offered a price of 220 UAH per ton, with a starting price of 197 UAH.
“The first auction for the sale of port services through ‘Prozorro.Sales’ is practical proof that state-owned ports can operate under modern and competitive rules. We are consistently implementing new management mechanisms centered on transparency, accountability, and equal access for businesses,” emphasized Deputy Prime Minister for the Restoration of Ukraine and Minister of Community and Territorial Development Oleksiy Kuleba.
The ministry emphasized that the use of such tools builds market confidence and ensures the effective use of state assets.
One of Ukraine’s largest grain market operators, Nibulon, has signed a contract with the seaport of Chornomorsk for the transshipment of up to 1 million tons of agricultural products in preparation for the new marketing year, the grain trader’s press service reported on Facebook.
The agricultural holding noted that the signing of this contract was a decisive step in the formation of a flexible logistics model that will allow Nibulon to maintain continuity of exports even without access to its own terminal. In addition, despite the surplus of transshipment capacity on the market, the company managed to achieve a balance of interests. Furthermore, optimized regional logistics will help create added value for Ukrainian farmers.
“Our volume and stability are tools that protect farmers. We work with over 3,000 small and medium-sized agricultural producers who, thanks to efficient logistics, receive competitive purchase prices, allowing them to plan and develop even in difficult conditions,” emphasized Sergey Kalkutin, Nibulon’s logistics director.
The company also emphasized that negotiations with other port operators are currently ongoing.
Before the war, Nibulon cultivated 82,000 hectares of land in 12 regions of Ukraine and exported agricultural products to more than 70 countries around the world. In 2021, the grain trader exported a record 5.64 million tons of agricultural products and delivered record volumes 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).
It is currently operating at 32% of its capacity, has created a special unit for demining agricultural land, and has been forced to move its central office from Mykolaiv to Kyiv.
Shipment of agricultural products from the Chornomorsk seaport (Odesa region), whose infrastructure was severely damaged by a Russian missile attack last week, is gradually resuming, Spike Brokers brokerage company reported in a telegram channel.
The brokers noted that in 2023, the share of the Chornomorsk port in the structure of export shipments by water transport was 36%, while the Danube ports accounted for 32%, the Odesa port – 17%, and the Pivdenny port – 15%.
“Over the past week, freight rates for the transportation of corn by ‘coaster’ to the east coast of Italy decreased by $3, to Spain and Israel – by $2. The freight for the transportation of grain by panamaxes from the deep-water ports of Odesa to China and Vietnam decreased by $4,” the experts noted.
As of April 22, the rates for transportation from the port of Chornomorsk to Italy (east coast) amounted to $29-30 (30-35 thousand tons), Spain (Mediterranean) – $30-32 (30-35 thousand tons), Vietnam – $52-54 (60-65 thousand tons), China – $54-56 (60-65 thousand tons).
At the same time, the market rates for transportation by freight from the port of Izmail to the port of Constanta (Romania) as of the specified date are EUR18-22 (4.5-5 thousand tons), to the ports of the Mediterranean coast of Spain – $35-37 (30-35 thousand tons). The rates of transportation from the port of Reni to the ports of Israel range from $33-35 (30-35 thsd tonnes), Spike Brokers stated.
According to a grain market source, who wished to remain anonymous, such a restriction could lead to temporary disruptions in the delivery of products to the terminals of Kernel, Risoil and Viterra groups. In addition, the shutdown of grain terminals could lead to a reduction in April exports of Ukrainian grain via the Black Sea grain corridor to 5 million tons, compared to the expected 8 million tons.
As reported, on April 10, the Russian occupiers damaged railroad sidings to a number of grain terminals located in the port of Chornomorsk during the morning shelling of Odesa region. This resulted in temporary disruptions in the delivery of products to the terminals of Kernel, Risoil and Viterra.
“On the day of the shelling, Ukrzaliznytsia introduced a convention on freight transportation that was to be in effect until April 13, and then extended twice – first until April 17, then until April 22, after which it was lifted.
The Chornomorsk-Poti ferry crossing may start operating in the spring of 2024, Yuriy Vaskov, Deputy Minister of Community Development, Territories and Infrastructure, said at the Forbes Ukraine Exporters Summit in Kyiv on Friday.
According to him, Ukraine already has several potential shipowners, as well as potential carriers for the Black Sea-Georgia-Bulgaria-Turkey rail and road connection.
“We are working in all directions. I think that a little later than container transportation (the Chornomorsk-Poti ferry will start operating), but I think it can happen in the spring,” the Deputy Minister said.
In October-December 2023, Kernel Agro Holding made additional investments to restore the transshipment of vegetable oils at the long-dormant Chornomorsk port, which it acquired in July 2023, allowing the company to start loading the first vessel with sunflower oil in January 2024.
“This was an important milestone in the revival of the company,” Kernel said in its quarterly report published on the Warsaw Stock Exchange.
It also notes that in December 2023, Kernel completed the acquisition of 100% of corporate rights in Reni-Oil LLC, a terminal in the port of Reni for transshipment of sunflower oil with a one-time storage capacity of 15 thousand tons of oil, for $24.75 million. It is indicated that this asset, located on the Danube, is important for the group, providing the ability to export sunflower oil even in the event of a blockade of the Black Sea ports.
According to the report, in December 2023, Kernel acquired a bulk carrier with a capacity of 50 thousand tons of grain, which became the third vessel in the company’s fleet and significantly expanded the group’s transportation and logistics capabilities.
In addition, in December 2023, Kernel launched the fifth cogeneration heat and power plant at one of its oil extraction plants with an installed capacity of 21 MW, which helps to increase resilience to the risk of potential power outages.
“According to the plan, the Group is working on commissioning a new modern oilseed processing plant located in Khmelnytsky region, which is scheduled to be commissioned in spring 2024. At the time of publication of this report, commissioning works have already begun. The plant with a capacity of 1 million tons of sunflower seeds per year will be the largest in Ukraine,” the document also says.
It specifies that in October-December 2023, the company spent $41 million on investments in fixed assets, including the purchase of a Supramax bunker.
As reported, in August last year, Kernel announced the purchase of vegetable oil transshipment facilities in the port of Chornomorsk for $19.4 million and a sunflower oil transshipment terminal in the port of Reni (both in Odesa region) for $24.75 million.
“The one-time storage of 105 thousand tons of sunflower oil will allow the group not to stop the operation of processing plants in case of transportation disruptions, as it was in the 2022-2023 financial years, and to smooth out logistics,” the agricultural holding commented on these acquisitions at the time. “Kernel added that the expansion of infrastructure is “vital” for the agricultural holding ahead of the commissioning of the Starokonstantinivsk oil extraction plant in Khmelnytsky region.
Kernel’s net profit for FY2023 amounted to $299 million, while the company ended the previous year with a net loss of $41 million. The agricultural holding’s revenue for FY2023 decreased by 35% to $3.455 billion, but EBITDA increased 2.5 times to $544 million.
In the first half of FY2024, Kernel’s net profit fell 3.6 times compared to the first half of FY2023, to $102 million, and EBITDA halved to $223 million, with revenue down 16% to $1.59 billion.
