Business news from Ukraine

Business news from Ukraine

TIS CONTAINER TERMINAL INCREASES CARGO TURNOVER BY 54% IN JAN-SEPT

TIS container terminal (Odesa region) in January-September 2018 increased its cargo turnover by 54% compared to the same period in 2017, to 78,200 TEU, the company has said. “This is the result … of investment in the amount of $52 million in the installation of two new STS cranes, the launch of weekly container trains to Kyiv, Dnipro, Kharkiv, and Ternopil, increasing berth 22 to 600 meters,” the company notes.
TIS added that the launch of new Maersk ME-3 service and the high processing speed of 5 STS re-loaders also contributed to the rapid growth in container handling. The TIS group of terminals is the largest stevedoring operator in Ukraine. Cargo turnover in 2017 amounted to 26.012 million tonnes. The depth of berths near the terminals ranges from 15 to 16 meters, the total length of the eight berths of TIS exceeds 1,800 meters with the prospect of expansion by another 1,500 meters.

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STEVEDORING COMPANY TIS ALLOWS PARTICIPATION IN YUZHNY PORT CONCESSION

TIS Port (the stevedoring company operating in Yuzhny port, Odesa region) allows participation in the concession of Yuzhny port if the necessary law is adopted. “Yes, it is quite possible that it will be Yuzhny port,” co-owner and CEO of TIS Andriy Stavnitser said in an interview with Interfax-Ukraine. Speaking about smaller ports, he noted that, in his opinion, Ukraine does not need as many ports, and some of them can be closed, and some can be reformatted.
“Kherson, Izmail, Bilhorod-Dnistrovsky – there could be tourist zones, yacht clubs there, for example, which would bring revenues but not losses to the state,” Stavnitser said.
Asked about the considerations on the basis of which Kherson and Olvia ports were made pilot for concession, he noted that it is probably more visible for the Ministry of Infrastructure, but stressed that TIS won’t participate in any of these concessions.
“Not because we are so big, deep-water and do not notice anything else around. There are simply ports whose maintenance costs the state more than profits from them,” Stavnitser summed up. As reported, the Verkhovna Rada adopted as a basis bill No. 8125 on concession.

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