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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Port of Izmail fulfilled annual plan of cargo handling at expense of agricultural goods

On May 9 the sea port Izmail fulfilled the annual plan of cargo handling in the amount of 6.187 million tons, which is a record in the history of the port, said the head of the State Administration of Sea Ports of Ukraine (SAPU) Yuri Litvin.
“The first position in the nomenclature of cargo of the seaport of Ismail in terms of the volume of transshipment – bread cargo, in the second – other agricultural products (oil, meal, sunflower seeds), in the third – pellets,” – said the agency on Facebook.
According to it the biggest volume of cargo handling was demonstrated by Izmail Sea Commercial Port SE (2.656 million tons), Dunaysudoremont PJSC (1.289 million tons) and Dunaysudoservis IRP PJSC (805.0 thousand tons).
The capacity of the port for the export of agricultural products has increased due to the introduction of berths for cargo operations with grains and vegetable oils by new terminal operators – JSC “Dunaysudoservis”, PJSC “Danaysudoremont”, PJSC “IPCK”, as well as due to the construction of a new terminal by “Nibulon” JV LLC, added AMPU.
“Increase of throughput capacity of Izmail sea port, which today handles a significant share of Ukrainian export, was facilitated by restoration of navigation in the mouth of Bystroe, increase of the water area of MF “Izmail” and dredging works in the port water area,” – Litvin said.
He emphasized that the Danube cluster is a key alternative route of export-import logistics, which is a priority for the further development of AMPU.
As reported, last year the transshipment in the port of Ismail increased to 8.89 million tons from 4 million tons a year earlier.
The volume of transshipment of cargo in the Danube ports by the end of this year may increase up to 20 million tons against 16 million tons last year, which is three times more than before the war, predicted Deputy Prime Minister – head of the Ministry of Reclamation Alexander Kubrakov in late April. Of these, 16-17 million tons are agricultural products.

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GEORGIAN GIG HOLDING READY TO DEVELOP FEASIBILITY STUDY FOR IZMAIL SEAPORT CONCESSION

Georgian GIG Holding is ready to develop a feasibility study of Izmail seaport concession, the website of the Ministry of Infrastructure of Ukraine reported on Tuesday.
During the meeting on the implementation of the public-private partnership project in Izmail Commercial Sea Port, the participants discussed the state of preparation of the concession project and listened to the intentions of a potential private partner of GIG Holding to develop an appropriate feasibility study.
The event was attended by Minister of Infrastructure of Ukraine Vladyslav Krykliy, Director of the Reform Support Team of the Ministry of Infrastructure Iryna Koshel, Director of state enterprise Izmail Commercial Sea Port Andriy Yerokhin, Director General of GIG Holding David Bezhuashvili, other representatives of the Ministry, USPA and Ernst & Young.
Izmail Commercial Sea Port is located on the left bank of the Kiliya estuary of the Danube River in Odesa region. The mooring line of the seaport is 2.6 km (24 berths and 5 onshore terminals). The facility is served by one railway station with three railway entrances.
The cargo turnover of the seaport of Izmail in 2019 amounted to 4.3 million tonnes, in 2020 – more than 3 million tonnes. The throughput capacity of the port’s terminals reaches 9.3 million tonnes, and the existing passenger complex is capable of serving up to 0.15 million passengers per year.

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STATE-RUN UKRAVTODOR RESTARTS REPAIR OF ROAD FROM IZMAIL TO VYLKOVE

The State Road Agency of Ukraine (Ukravtodor) has begun repair work on the sections of the route from Izmail to Vylkove with a length of 34 km (Odesa region).
As reported on the Ukravtodor’s Facebook page, work is currently being carried out on a ten-kilometer section from the city of Kiliya to the border of Izmail district. Arrangement of the base with crushed stone-sand mixture has already begun here.
The contractor is Rostdorstroy LLC.
It is noted that work is also carried out to develop designed-estimated documentation for the renewal of a 24 km section from Kiliya to Vylkove. The work is scheduled to begin early next year.
According to the agency, drivers will be able to use the updated route next year.
In total, in Odesa region, Ukravtodor plans to renew 194 km of roads in 2020.
Rostdorstroy along with Kyivshliakhbud are incorporated into RDS Group. The core business is construction, reconstruction and maintenance of roads and bridges, construction of airfield complexes.
As of July 2020, RDS operated in nine regions of Ukraine and had 10 production bases. In particular, the group built concrete road N-14 Kropyvnytsky – Mykolaiv, and as part of the reconstruction of road N-31 Dnipro – Reshetylivka in Poltava region the group built an overpass across the railway and a section of the first concrete road in Ukraine. In 2019, the company won a World Bank tender for work on M-03 highway of the first category Kyiv – Kharkiv – Dovzhansky.
The ultimate beneficial owners of RDS Group are Ukrainian citizens Yuriy Shumakher and Yevhen Konovalov.

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UKRAVTODOR RESTARTS REPAIR OF ROAD FROM IZMAIL TO VYLKOVE

The State Road Agency of Ukraine (Ukravtodor) has begun repair work on the sections of the route from Izmail to Vylkove with a length of 34 km (Odesa region).
As reported on the Ukravtodor’s Facebook page, work is currently being carried out on a ten-kilometer section from the city of Kiliya to the border of Izmail district. Arrangement of the base with crushed stone-sand mixture has already begun here.
The contractor is Rostdorstroy LLC.
It is noted that work is also carried out to develop designed-estimated documentation for the renewal of a 24 km section from Kiliya to Vylkove. The work is scheduled to begin early in the new year.
According to the agency, drivers will be able to use the updated route next year.
In total, in Odesa region, Ukravtodor plans to renew 194 km of roads in 2020.

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STATE-RUN UKRAVTODOR STARTS REPAIRS OF IZMAIL-KILIYA-VILKOVE ROAD

The State Automobile Roads Agency of Ukraine (Ukravtodor) has begun repair work on the ten-kilometer section of the T-16-07 Izmail-Kiliya-Vilkove national road.
Ukravtodor said in its Telegram channel that work is already underway to break up the old road surface and equip the base with crushed stone-sand mixture.
The contractor for the repair work on the site is Rostdorstroy LLC.
Ukravtodor said that under the Big Construction program it is planned to restore 194 km of roads in Odesa region in 2020.
RDS Group is included in the top three road construction companies of Ukraine. It includes Kyivshliakhbud” and Rostdorstroy.
The core business is construction, reconstruction and maintenance of roads and bridges, construction of airfield complexes.
The ultimate beneficial owners of RDS Group are Ukrainian citizens Yuriy Shumakher and Yevhen Konovalov.

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