Business news from Ukraine

Business news from Ukraine

Soul Marine to build 20 thsd ton grain terminal in Izmail

The logistics company Soul Marine LLC (Kyiv) will build a 20,000-tonne grain terminal in the port of Izmail (Odesa region) by the end of September, said Ivan Nyakyi, the company’s commercial director, who previously headed Crunchip and Danube Logistics Group, in an interview with Ports of Ukraine.

“At the first stage, we will have 20 thousand tons of one-time storage – four warehouses of 5 thousand tons each. We will have our own laboratory, scales, and everything we need to handle cargo,” he said.

According to Mr. Nikanyi, the necessary equipment has already been purchased.

“Unfortunately, we cannot build our own berth for a simple reason – there is no space. Therefore, we will work through other port operators, which will allow us to load vessels at different berths in Izmail,” he said, adding that preparatory work for the terminal construction has already been completed.

The Commercial Director also informed about the signed contract with the general contractor and the advance payment.

“The other day, the equipment arrived. The first stage of 10 thousand tons will be ready at the end of August, the second – in mid-September,” added Mr. Nikakyi.

It is noted that the company will employ about 10-12 administrative staff and about 30 people at the terminal in Izmail.

Mr. Nyakyi added that Soul Marine also plans to create its own platform for receiving and unloading railroad cars.

“The ability to accept not only vehicles but also railcars will be a great advantage. This is an expensive project, but it is very necessary. We are working on it now,” said the commercial director.

In addition, according to him, in October, Soul Marine plans to reach 60 thousand tons of transshipment through its warehouses, and by the end of the year – 100 thousand tons of transshipment per month. Separately, the company plans to ship 10 thousand tons of its cargo as a trader.

Mr. Nikanyi clarified that the project is being implemented at the expense of an investor who “provides financing and does not interfere with the company’s operations.” He did not name the investor, saying only that it was not related to the transportation or agricultural sectors.

According to the commercial director, Soul Marine’s team includes a technical director who built elevators on the Dnipro, and a corporate director in charge of investments and GR, and a potential terminal manager, forwarder, and agent have been selected.

According to Opendatabot, Soul Marine was registered on June 16, 2023, with a registered capital of UAH 0.5 million. The main activities are non-specialized wholesale trade, auxiliary water transport services, rental of transport and equipment, cultivation of cereals (except rice), legumes and oilseeds.

The company’s ultimate beneficial owner and founder is Mykhailo Kuranda.

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As of August 1, cash deposits via terminal in Ukraine will require phone

Depositing cash through terminals (PTC) to credit the account will require the payer to enter a cell phone number on the terminal screen, receive a one-time password on it and enter it on the terminal screen, confirming consent to perform the payment operation, the National Bank of Ukraine said.
“From August 1, 2023 requisites are added to receipts, which are formed when carrying out cash transactions with the use of payment devices, in particular, through PTCs. Thus, receipts for cash deposit transactions via PTKS for its crediting into accounts shall additionally contain the cell phone number of the payer,” reads a statement on its website on Friday.
At the same time, the NBU points out that this requirement doesn’t apply to such popular terminal payments as utility bills, payments for train tickets, urban and suburban transport fares, top-up travel and transport cards, payments for taxes, fines, administrative fees, charges and other payments to the budget.
Such rules are stipulated by the regulations of the National Bank № 90 of June 30, 2023, the release said.

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Ukraine prepares for concession port terminals “Chernomorsk”

The Ministry of Development of Communities, Territories and Infrastructure (Minvosstaniya) is preparing to concession the first and fifth terminals of the Chornomorsk sea port.
“The first stage is the development of a feasibility study (feasibility study), the next stage is to hold a tender among those wishing to receive the port terminals “Chernomorsk” for concession,” the press service of the Ministry of Reclamation said in a statement on Friday.
The Ministry reminded that the process of transferring the terminals to concession had begun even before the full-scale invasion of Russia.
Deputy Prime Minister and Head of the Ministry of Restoration Alexander Kubrakov explained that the private partnership will lead to significant investments in the terminals, will optimize the logistics of transportation and improve the quality of service.
Besides, according to his words, thanks to the concession Ukraine will annually receive concession fee and taxes collection to the budget.
The feasibility study will be financed by the Global Infrastructure Fund, experts and consultants will be provided by the European Bank for Reconstruction and Development and the International Finance Corporation.
As reported, in 2021, the Ministry of Infrastructure and the State Enterprise “Administration of the Sea Ports of Ukraine” transferred the state stevedoring companies of the sea ports “Kherson” and “Olvia” to private partners of the state.
Concession is an agreement on the transfer of natural resources, enterprises, other economic facilities owned by the state or a territorial community for temporary operation by other states, foreign firms, private persons.

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Ukrainian group of companies UPG purchased terminal for transshipment of oil products in Poland

Ukrainian UPG Group has entered into an agreement to acquire assets of Polish company Baltchem SA Zakłady Chemiczn, as a result the network has got at its disposal a powerful marine terminal in Poland for transshipment and storage of oil products.
According to the group’s statement on its website, this will enable uninterrupted fuel supplies to Ukraine at affordable prices.
It is emphasized that all fuels sold by UPG come from Europe and comply with the fifth environmental standard.
“Adapting our business to today’s challenges, we have established reliable and stable partnership relations with such European producers of high-quality oil products as Royal Dutch Shell, Total Energies SE, Neste Oyj, Glencore Energy in the shortest time,” the statement says.
As UPG notes, from the first days of the large-scale war in Ukraine, the group terminated its partnership with the Belarusian fuel producer, completely abandoning their products, and does not supply Russian fuel since the beginning of the aggression of the Russian Federation in 2014: the annexation of Crimea and the occupation of certain territories of Donetsk and Luhansk regions.
The UPG brand belongs to the fuel company Ukrpaletsystem (Korosten, Zhytomyr Region), which has been operating on the market since 2003.

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CONSTRUCTION OF CARGO TERMINAL AT BORYSPIL AIRPORT TO START IN AUTUMN

The construction of a cargo terminal at Boryspil International Airport (Kyiv region) is scheduled to begin this fall, the press service of the European Business Association (EBA) has said, following a meeting of Deputy Infrastructure Minister Oleh Yuschenko and airport representatives.
According to the EBA, with reference to the Ministry of Infrastructure, design work is currently underway to prepare for the construction of the cargo terminal, for which additional land plots have already been allocated. Provided that all preparatory work is completed on time, construction will begin in the fall and should be completed 16 months later.
“Thus, according to optimistic estimates, Boryspil airport will receive a new cargo terminal by the end of 2021,” the report says.
The association notes that the construction of the terminal will be carried out at the expense of attracted credit funds, which, according to representatives of Boryspil airport, have already been previously agreed upon. In turn, the Ministry of Infrastructure is negotiating, in particular, with Asian countries on attracting additional transit flows and is working on simplifying document flow.
“The business community approves such news, because logistics companies have long been awaiting the implementation of this project. The association’s logistics committee includes companies that transport goods, including by air, in international traffic and within Ukraine. Business representatives have a significant share in freight flow, which passes, in particular, through the cargo terminal of Boryspil airport,” the EBA said.
One of the main reasons that currently hinder the development of air cargo transportation in Ukraine, the association calls the worn-out infrastructure of the cargo terminal of Boryspil airport, since the structure of the terminal and its capacity have remained unchanged for many years. In this regard, problems regularly arise during the transportation of goods, especially in winter, when due to bad weather the airport cannot cope with the volume of load, the association explained.

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EVT PORT GRAIN TERMINAL COMPLETES SINKING PILES FOR 20 NEW SILOS

EVT port grain terminal has completed sinking 4,000 piles for erecting 20 grain silos as part of phase three of the development of the terminal, the press service of EVT said on Friday.
“Sinking piles in the ground is the most difficult and time-consuming step in the construction of silos. The advantage of this method is the reliability and stability of the structure, as well as the ability to carry out excavation work in a short time,” the press service said.
As reported, the piles were sunk to a depth of 13 meters. For each silo, 200 piles were driven. Next, the concrete foundation of the future silos was poured.
According to EVT, nine such bases are currently ready. The installation of metal structures and the assembly of the domes of three silos are going on. The dome of the first silo is being prepared for raising.
It is planned that by the beginning of the 2020/2021 agricultural year, the construction of eight silos with a storage capacity of 8,800 cubic meters each will be fully completed.

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