Business news from Ukraine

“Nibulon” delivered 80 thousand tons of grain to port of Constanta with its own fleet

Nibulon” JV LLC (Mykolaiv), one of the largest operators at the grain market of Ukraine, in January-June 2023 transported by its own fleet from the branch “Bessarabskaya” (Izmail) to Constanta, Romania about 80 thousand tons, or 15% of the total shipments of the company during this period.
According to the grain trader’s website, this was made possible by the redeployment of the fleet from Nikolaev, which involved disassembly of the vessels, their transportation by land to the Danube and their subsequent reassembly at the Bessarabian branch. In total two port tugs “Nibulon-12” and “Nibulon-14”, tugs “Nibulon-3” and “Nibulon-11” and two handling machines Terex Fuch mhl 385 were transported this way.
The announcement indicates that the Nibulon also began providing tug, mooring and unmooring services for vessels on the Danube. In January-June 2023, the number of hours worked in this way increased 18-fold.
“In the spring, Nibulon was able to resume shipping on the Middle Dnieper. Now tugs “Nibulon-10”, “Hermes-2” and non-self-propelled barges UAK-1, UAK-2, UAK-3, UAK-4 work here, and the branch “Kremenchugskaya” acts as a central transshipment hub that receives grain from water transport and reloads it into the cars”, – stressed the press service of grain trader and added that during April and May 2023 more than 15 thousand tons of grain were transported this way.
It is noted that the shipping company of the grain trader plans to increase the volume of services to third parties in Ismail, as well as to increase the volume of traffic to Constanta by optimizing the routes.
“The experience of sea routes in winter and spring allows the company to choose exactly sea routes instead of the Danube, which affects the speed of the fleet,” summarized the “Nibulon”.
JV Nibulon LLC was founded in 1991. Before the Russian military invasion, grain trader had 27 transshipment terminals and complexes to receive the crops, the capacity for one-time storage of 2.25 million tons of agro products, a fleet of 83 ships (including 23 tugs) and owned the Nikolayev shipyard.
“Nibulon” before the war worked 82 thousand hectares of land in 12 regions of Ukraine and exported agricultural products to more than 70 countries.
The grain trader exported a maximum of 5.64 million tons of agricultural products in 2021, reaching a record volume of deliveries to foreign markets in August – 0.7 million tons, the fourth quarter – 1.88 million tons and in the second half of the year – 3.71 million tons.

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Maersk launched cargo delivery from Constanta port to Reni port

One of the world leaders Danish transport and logistics company A.P. Moeller-Maersk AS, which stopped its ship calls to Ukraine since February last year after a full-scale Russian invasion, has resumed delivery of clients’ cargoes to the Ukrainian port of Reni from Constanta (Romania) by barge, the company’s official website says.
“Development in Ukraine remains in focus, as well as the implementation of solutions for our customers in terms of security,” it said.
According to it, Maersk is launching a new weekly barge service from Constanta port to Reni port on two routes – via Constanta/Danube Canal and the Black Sea with a transit time of approximately 1.5 days.
It is reported that the company’s system is updated and accepts reservations from customers with delivery to the port of Reni. Their implementation will be subject to the working capacities, subject to the proper documentation, including the legal adoption of the provision of Ukraine on the risks in the region.
The company advised to contact its local representatives for more detailed information about deliveries to the port of Reni.
In the fourth quarter of 2022, A.P. Moeller-Maersk AS decreased its net profit by 18.8% and revenue by 3.7%, which was worse than experts’ forecasts. Net income in October-December was $4.95 billion compared to $6.094 billion in the same period of the previous year. Revenue fell to $17.82 billion compared to $18.506 billion.
The average freight rate was down 3.5% for the fourth quarter of 2021, and freight volume fell 14%.
Maersk also stopped operations in the Russian market. All services in Russia ceased operations in the first quarter, and in the third quarter the deal to sell a 30.75% stake in Global Ports Investments was closed. The process of selling the remaining assets – two warehouses and four tugboats – continued.
Maersk generated EBITDA of $36.81 billion and EBIT of $30.86 billion in 2022.

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