Business news from Ukraine


Odesa seaport in July received a positive financial result from economic activities at the level of UAH 1.3 million.
According to the press service of the Ministry of Infrastructure, the reasons for the company’s profitability are the introduction of a balanced tariff policy, attracting new customers, reducing the company’s expenses and modernizing equipment.
The department notes that the previous periods were unprofitable for the company. In particular, a loss of UAH 9.4 million was recorded in June. Over the past six months, the total loss of the enterprise amounted to UAH 29 million.
“For the first time in the past six months, Odesa port will profit from its activities. The indicator for June in the amount of UAH 4 million is the largest since July last year. The successful result was demonstrated despite the fact that, in general, July was the month with the lowest number of ship calls since the beginning of 2021,” the ministry said.
In January-June 2021, Odesa seaport handled 10.402 million tonnes of cargo, which is 13.6% less than in the same period in 2020. In 2020, the seaport handled 23.37 million tonnes of cargo, which is 7.8% less than in 2019.



Odesa maritime merchandise port in January 2021 handled 1.654 million tonnes of cargo, which is 18.4% less than in January last year.
According to the website of the state-owned enterprise Ukrainian Sea Ports Authority, during this period the port reduced the transshipment of export cargo by 23.3%, to 1.243 million tonnes, transit by 27.1%, to 71,610 tonnes, transshipment of imported grew by 11.1%, to 339,350 tonnes.
At the same time, coastal transshipment in January 2021 was not recorded.
Transshipment of dry and bulk cargo in the Odesa seaport for the specified period decreased 33.6%, to 520,830 tonnes, packaged goods by 17.4%, to 1.004 million tonnes. Transshipment of bulk cargoes in turn grew almost fivefold, to 128,910 tonnes.
Container handling in January 2021 amounted to 45,388 TEU (22.2% down).

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Odesa Port Side Plant increases urea production

The Odesa Port Side Plant produced 821,200 tonnes of urea in 2020, which is 2.5 times more than in 2019 and is a record high over the past five years.

Its production facilities also produced 96,500 tonnes of commercial ammonia, which is 3.2 times more than a year earlier, a press release of the enterprise published on Thursday says.

Almost all products are made from raw materials supplied by the customer, but there is no more accurate data on this in the message.

The plant also clarified that over 90% of its products are exported.

As reported, last year the state-owned Odesa Port Side Plant increased the production of urea from tolling raw materials by 82.1% – to 324,600 tonnes, but reduced the production of ammonia 4.7 times – to 29,900 tonnes.


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.

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The supervisory board of Odesa Port-Side Plant (Yuzhne, Odesa region) next week will consider the possibility of launching grain handling at the plant’s facilities, First Deputy Board Chairman Mykola Schurikov has said on the MIG local TV channel.
“Today, at the plant’s facilities, it is possible, among other things, to transship the grain. We have the facilities and a huge resource to do it. This will give an opportunity to engage the team,” he said.
According to him, the grain transshipment could be done on the basis of urea transshipment or use for this new activity 3.2 hectares of land, available at the company, with the possible construction of a silo.
Schurikov said that the expanded meeting of the supervisory board will be held in Kyiv together with the trade union committee of the enterprise in connection with the critical situation that is seen at the plant.
He said that the main issue that will be addressed at the meeting is how to preserve chemical production and the staff, whose number has already decreased from 4,000 to over 2,800.

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The Ukrainian Sea Ports Authority, Odesa Maritime Merchant Port and Brooklyn-Kyiv Port LLC with the participation of the French company CMA CGM, the world’s third largest container carrier, have signed a memorandum of understanding in France, the Ministry of Infrastructure has reported.
“The development of cooperation between the Ukrainian Sea Ports Authority, Brooklyn-Kyiv Port and CMA CGM is another example of effective public-private partnership. As part of this project, berths Nos. 13-z, 14-s will be reconstructed in Odesa,” Head of the Ukrainian Sea Ports Authority Raivis Veckagans said.
According to him, this will allow avoiding vessel idleness and significantly increasing the volume of cargo handling.
“The signed memorandum gives hope that in the near future a large-scale infrastructure project will be implemented in Odesa seaport, which will attract investment in infrastructure development, increasing cargo traffic and the number of ship calls at the port,” Minister of Infrastructure Volodymyr Omelyan said.
CMA CGM Group is a shipping company headquartered in Marseille. According to the Ministry of Infrastructure, it is the largest sea container carrier in France with the total deadweight of 2.208 million TEUs, operating with a fleet of 445 vessels and servicing more than 420 ports in the world.

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