Business news from Ukraine

CHORNOMORSK SEAPORT INCREASES CARGO HANDLING BY 16%

Chornomorsk seaport (Odesa region) in January 2020 increased cargo transshipment by 16.7% compared to the same period in 2019, to 2.309 million tonnes.
According to the Ukrainian Sea Ports Authority, during this period Chornomorsk port increased transshipment of exported cargo by 16.3%, to 1.909 million tonnes, imported goods by 11.2%, to 315,630 tonnes, transit cargo by 47.5%, to 78,760 tonnes, and also transshipped 5,500 tonnes of coastal freight (no transshipment of coastal freight in January 2019).
Handling of liquid cargo in the port in January 2020 fell by 11%, to 109,230 tonnes, dry bulk cargo grew by 25.1%, to 1.651 million tonnes, packaged goods by 2.3%, to 548,690 tonnes.
Container transshipment was 13,014 TEU (a rise of 24.5%).
As reported, the volume of transshipment at the port in 2019 rose by 21.4% compared to 2018, to 26.153 million tonnes.

STATE-OWNED UKRAINIAN SEA PORTS AUTHORITY AND KERNEL AGREE ON CONSTRUCTION OF TERMINAL AT CHORNOMORSK SEAPORT

State-owned enterprise (SOE) Ukrainian Sea Ports Authority and one of the largest Ukrainian agricultural groups Kernel have signed an agreement of cooperation, foreseeing investment of the group in the development of infrastructure of the Chornomorsk seaport in the amount of over UAH 3 billion.
According to the press service of the authority, under the agreement, by the end of 2020, the port plans to dredge near four berths and build a new grain terminal, which will increase transshipment to 6 million tonnes.
“The agreement between the Sea Ports Authority and Kernel is a good example of public private partnership and the next step in the systemic development of the port of Chornomorsk, which the authority is engaged in. This year we completed a large-scale main dredging project on the port’s approach canal and the water area of the first boot basin of the Sukhy estuary and we immediately proceed to the creation of the depths necessary for business at the berths No. 14-17. The Kernel company, for its part, has committed to guarantee the volume of cargo traffic of at least 6 million tonnes per year. This will contribute to a quick payback on capital investment of the authority,” the press service of the authority said, citing its head Raivis Veckagans.
He also added that the implementation of the project will help improve the conditions for the export of products of Ukrainian enterprises, increase ship calls and create about 250 new jobs in the port of Chornomorsk.
In turn, Kernel CEO Yevhen Osipov said that agribusiness is now the locomotive of the Ukrainian economy, so the company’s strategic goal by 2020 is to increase grain exports to 8.8 million tonnes via launching a new terminal in Chornomorsk.
According to the report, the volume of investments in the public private partnership project by the Ukrainian Sea Ports Authority will amount to almost UAH 230 million.

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