Business news from Ukraine


15 June , 2018  

Smart Maritime Group (SMG) of Smart-Holding starts implementing a contract to build two chemical tanker hulls under an order of Dutch VEKA Shipbuilding WT B.V. The press service of SMG reported that the ribbon-cutting ceremony for the start of building the first hull for the Dutch customer was held at the Kherson Shipyard on Thursday. According to the contract signed in May, SMG will build hulls, install pipeline network, deck equipment and paint the tanker hulls. The cost of the contract is estimated at over UAH 145 million (some $5.6 million). It will take 11 months and a half to build one hull. The second tanker hull will be built at Mykolaiv Shipyard belonged to SMG.
“This is really an important event for Ukrainian shipbuilding, since it is the first foreign contract in the industry since 2013. We have made great efforts to convince the customer, to convince Ukrainian and European banks to finance this project. Today we have good prospects for work and the conclusion of new contracts,” the press service said, citing Director General of SMG Vasyl Fedin.
Tankers are designed for transportation of petroleum products and chemicals on the inland waterways of Europe. The vessel’s overall length is 110 m, width is 13.5 m, the height of the side is 6.59 m, the hull is 1200 tonnes, and the cargo capacity is 5,320 tonnes.
According to the press service, SMG and VEKA Group cooperate in the shipbuilding market for more than 10 years. During this period, SMG has built eight hulls for chemical tankers for VEKA. In total, 12 vessels of the same class were built for the Dutch market.

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