Business news from Ukraine

VEGETABLE OIL COMPANY RISOIL WILL INSTALL NEW SILOS IN GRAIN TERMINAL IN CHORNOMORSK PORT

Risoil S.A. plans to install eight new silos at the grain terminal Risoil Terminal in Chornomorsk port and increase the capacity of storage by 105,000 tonnes, to 257,000 tonnes on average (depending on the crops). “This month, the installation of eight new silos begins. The volume of storage will be 105,000 tonnes more. The supplier of silos is AGI, the leading global manufacturer of equipment. It is planned to compete the installation work by the end of 2019,” the group said on Facebook.
Risoil S.A. was established in Geneva (Switzerland) in 2000. Its core business is logistics of oil, bulk and general cargo in the ports of the Black Sea, the sale and production of vegetable oils, trade in grains and oilseeds in containers, storage and processing of agro-industrial products.
The grain terminal Risoil Terminal in Chornomorsk port was put into operation in 2016.

, , , ,

GRAIN TERMINAL OF MV CARGO LAUNCHES SECOND RAILWAY LINE IN PIVDENNY PORT

The grain terminal of MV Cargo, a joint project of MV Cargo with Cargill (the United States) in Pivdenny port, has launched the second railway line.
“In May, the grain terminal of MV Cargo launched the second railway line. Now we will be able to accept grain twice as fast – 24 wagons simultaneously on two tracks. At the same time, we will be able to unload four cars at the speed of one car in three minutes,” according to a report on Facebook.
MV Cargo expects that such rates will allow increasing the average daily unloading to 300 wagons, which is equivalent to 18,000 tonnes per day or up to 540,000 tonnes of grain per month.
As reported, MV Cargo postponed the official opening of the terminal until September 6, 2019.

, , ,

BROOKLYN-KYIV PLANS TO LAUNCH GRAIN TERMINAL AT UKRAINIAN ODESA PORT

The Odesa branch of the Ukrainian Sea Ports Authority and Brooklyn-Kyiv have signed a memorandum on the completion of construction of a grain terminal at Odesa seaport.
According to an Interfax-Ukraine correspondent, the memorandum was signed during the Ukrainian Port Forum 2019 in Odesa.
On the part of the stevedoring company, the memorandum was signed by the director general and founder of Brooklyn-Kyiv, Yuriy Hubankov.
“On behalf of Brooklyn-Kyiv and Louis Dreyfus Company I want to thank the Ministry of Infrastructure, the Ukrainian Sea Ports Authority and the management of the Odesa branch of the Ukrainian Sea Ports Authority… I am sure that in September we will launch the project and give the port of Odesa an additional 3 million tonnes of transshipment,” Hubankov said.
From the Ukrainian Sea Ports Authority, the memorandum was signed by the head of the Odesa branch, Ihor Tkachuk.
“This project was started in 2008, but was suspended for technical reasons. However, thanks to the new leadership of the Ukrainian Sea Ports Authority, a clear position of the Ministry of Infrastructure, we were able to move it forward and today it is already at the final stage of the completion. With this memorandum we confirm our plans to complete construction in due term. We are planning to continue dredging and improving the port infrastructure,” he said.

, ,

KERNEL COULD CONSIDER SALE OF SHARES IN GRAIN TERMINAL IN RUSSIA’S TAMAN PORT

Kernel, one of the largest Ukrainian agricultural groups, could consider a possibility of selling shares in a deep-water grain terminal at the Taman port (Russia) if the price offered for them were acceptable, the agricultural holding has said on the Warsaw Stock Exchange (WSE).
Several potential buyers are interested, and if the holding receives the satisfactory price, it will seriously consider the issue of leaving the Russian market, Kernel President Andriy Verevsky said.
As reported, in 2012, Kernel and Glencore acquired a 100% stake in the deep-water grain terminal in the port of Taman from the EFKO group. The transaction value was $265 million. Kernel received a 50% stake in this terminal. In 2018, Kernel transferred its quota for transshipment of 1.8 million tonnes of grain to a third party and received $7.8 million for this.
Kernel is the world’s largest producer and exporter of sunflower oil, a leading manufacturer and supplier of agricultural products from the Black Sea region to the world markets.

, , ,

FIRST STAGE OF GRAIN TERMINAL LAUNCHED AT OLVIA PORT

The first stage of a terminal that would handle agricultural products has been launched at the Olvia specialized seaport, the Ukrainian Sea Port Authority has reported on its website. “To date, the first stage of construction under the project has been completed, namely the construction of four silos with a capacity of 6,500 tonnes each. The construction of a storage warehouse is underway,” said BT Invest Ltd. CEO Aivaras Karalius at the Ukrainian Ports Forum 2018.
According to him, after the project is completed, the terminal will be able to handle up to 4 million tonnes of cargo per year, the throughput will be 300 trucks and 200 railway cars per day.
According to the report, the project is being implemented by the investment company BT Invest and jointly with Evrozovnishtorh LLC.
BT Invest was set up in 2008 by former stockholders in Sandora juice producer Raimondos Tumenas and the late Ihor Bezzub. The company owns the Novus chain, Stolitsa Group that implements real estate projects in Kyiv city and region and acts as an investment partner in construction of the Retroville shopping center. BT Invest also owns a business center in Lithuania. BT Invest jointly with Ukrainian partners is realizing a new infrastructure project – a seaport in Mykolaiv. Evrozovnishtorh LLC started building a grain terminal at Olvia port in 2017.

,

GRAIN TERMINAL OF CARGILL AND MV CARGO COULD HANDLE FIRST MLN TONNE OF GRAIN BY LATE 2018

The grain terminal of Cargill and MV Cargo in Yuzhny port (Odesa region), whose capacity will total 5 million tonnes of grain per year, and the cost is estimated at $150 million, could by the end of 2018 transfer the first one million tonnes of grain, the co-owner and CEO of TIS Port, Andriy Stavnitser, has said. “We plan to launch the MV Cargo terminal in summer and I hope we will handle one million tonnes by the end of the year. I will be superstitious, I will not voice the date. But we are doing everything to launch it in summer. Whether it will be June or August I cannot say: construction in Ukrainian realities is a thing not always predictable,” he said in an interview with Interfax-Ukraine.
According to Stavnitser, from the point of view of construction itself, everything is proceeding well: the dredging has been completed, the filling of the pier with sand is being carried out, and then hydraulic engineering construction will begin.
As reported, Cargill (the United States), the Ukrainian Sea Ports Authority and MV Cargo LLC in August 2015 signed a tripartite memorandum of intent to implement an investment project in Yuzhny port. Its launch was scheduled for 2017.

, , ,