Business news from Ukraine

SEVERAL COMPANIES FROM UAE INTERESTED IN CONSTRUCTION OF MARINA AND LARGE PORT IN UKRAINE

Several companies from the UAE are interested in building a marina in Odesa, as well as port infrastructure, Ukrainian President Volodymyr Zelensky said at a press conference on Monday.
“There is a question of ports. They [companies from the UAE] are professionals. They are now in our market. We are talking about a large project – the construction of a large marina in Odesa and a large separate port. And one of the companies we met will be in Ukraine this week, and we will talk specifically about river transport, in which they are professionals and are ready to build river ports,” he said.
According to the president, he discussed these issues with representatives of large companies from the UAE during a meeting with business as part of his trip to the UAE.
Zelensky also said that river transportation is the cheapest in Ukraine, while it can be a profitable industry for both business and the budget.
As reported, the UAE plans to increase the turnover of agricultural products with Ukraine tenfold and bring this figure to $2 billion per year.

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NIKA-TERA PORT CUTS CARGO HANDLING BY 14% IN 2020

Nika-Tera Sea Terminal (Sea Specialized Port Nika-Tera, Mykolaiv), part of Dmytro Firtash’ Group DF, handled 409 vessels and 7.38 million tonnes of cargo in 2020, which is 15% lower than in 2019.
According to the company’s website, the main types of cargo handled in the port are grain, legumes and oilseeds, as well as their processed products.
In 2020, the port started handling oil products and resumed handling fertilizers.
“The coronavirus [COVID-19] pandemic and the drop in crop yields are the main reasons for the 14% decrease in cargo handling. In 2020, grain was the main type of cargo handled in the port. At the same time, the crisis helped us open a new ‘window of opportunity’: we are talking about the restoration of volumes of mineral cargo and bitumen handlings,” CEO of Nika-Tera Alim Agakishiev commented on the results of the past year.
The structure of the company’s cargo turnover in 2020 looked as follows: grain, legumes and oilseeds, as well as their processed products accounted for 75% (some 5.55 million tonnes) of handling; open storage bulk cargo for 18% (some 1.3 million tonnes); liquid cargo for 4% (some 323,000 tonnes) and mineral fertilizers for 3% (some 194,000 tonnes).
In 2020, the port handled 409 vessels (versus 410 in 2019), while increasing the number of processed bulk carriers of the Panamax type (with a tonnage of about 65,000 tonnes) by 44% from 16 to 23 units.
In total, 63,114 rail cars and 65,910 vehicles were handled in the port.
Despite the COVID-19 pandemic, the port was able to ensure 100% retention of the company’s personnel and large-scale assistance to the city’s healthcare sector in the fight against COVID-19.
“We believe in a gradual recovery of the market, economy and, accordingly, the volume of cargo turnover in 2021. However, much will depend on weather conditions and the yield of key crops in this marketing year,” Agakishiev said.

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NIKA-TERA PORT CUTS CARGO HANDLING BY 14%

Nika-Tera Sea Terminal (Sea Specialized Port Nika-Tera, Mykolaiv), part of Dmytro Firtash’ Group DF, handled 409 vessels and 7.38 million tonnes of cargo in 2020, which is 15% lower than in 2019.

According to the company’s website, the main types of cargo handled in the port are grain, legumes and oilseeds, as well as their processed products.
In 2020, the port started handling oil products and resumed handling fertilizers.
“The coronavirus [COVID-19] pandemic and the drop in crop yields are the main reasons for the 14% decrease in cargo handling. In 2020, grain was the main type of cargo handled in the port. At the same time, the crisis helped us open a new ‘window of opportunity’: we are talking about the restoration of volumes of mineral cargo and bitumen handlings,” CEO of Nika-Tera Alim Agakishiev commented on the results of the past year.
The structure of the company’s cargo turnover in 2020 looked as follows: grain, legumes and oilseeds, as well as their processed products accounted for 75% (some 5.55 million tonnes) of handling; open storage bulk cargo for 18% (some 1.3 million tonnes); liquid cargo for 4% (some 323,000 tonnes) and mineral fertilizers for 3% (some 194,000 tonnes).
In 2020, the port handled 409 vessels (versus 410 in 2019), while increasing the number of processed bulk carriers of the Panamax type (with a tonnage of about 65,000 tonnes) by 44% from 16 to 23 units.
In total, 63,114 rail cars and 65,910 vehicles were handled in the port.
Despite the COVID-19 pandemic, the port was able to ensure 100% retention of the company’s personnel and large-scale assistance to the city’s healthcare sector in the fight against COVID-19.
“We believe in a gradual recovery of the market, economy and, accordingly, the volume of cargo turnover in 2021. However, much will depend on weather conditions and the yield of key crops in this marketing year,” Agakishiev said.

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ODESA PORT-SIDE PLANT INCREASES CARBAMIDE PRODUCTION BY 82.1% IN 2019

Odesa Port-Side Chemical Plant, which in recent years during the crisis has been working mainly on tolling, in 2019 increased production of carbamide by 82.1%, to 324,600 tonnes, but reduced production of ammonia by 78.7%, to 29,900 tonnes.
“Last year, 2.549 million tonnes of ammonia were exported, of which 18,600 tonnes of own production, in particular 352,300 tonnes of carbamide, of which 288,500 tonnes of own production,” the company reported.
According to the report, 76,800 tonnes of ammonia were shipped to domestic consumers, of which 3,400 tonnes of domestic production, as well as 3,600 tonnes of carbamide.
In accordance with the plant’s report for 2018, some 2.170 million tonnes of ammonia and 178,300 tonnes of carbamide were handled that year.
Odesa Port-Side Chemical Plant manufactures chemical products, as well as transports chemical products to maritime transport. The state, represented by the State Property Fund, owns 99.5667% of the plant’s shares, while 0.0021% is owned by Concorde Capital LLC, other individual shareholders hold 0.4312%.

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CARGO HANDLING IN UKRAINIAN PORTS FOR THE FIRST TIME IN 11 YEARS REACHES 150 MLN TONNES

Cargo transshipment in the seaports of Ukraine for the first time in 11 years has reached 150 million tonnes, Minister of Infrastructure Vladyslav Krykliy has said.
“This volume was before the crisis in 2008 … These are not only the achievements of manufacturers, carriers, stevedores and port workers – this is a new challenge for the entire industry. Transport infrastructure must be ready to cope with new loads, and we already see bottlenecks in logistics and are working to eliminate them,” he said on Facebook.
According to him, three quarters (75%) of this amount is exported by Ukrainian enterprises, import amounts to 16%, transit to 7%. At the same time, the lion’s share of transshipment is products of the agro-industrial complex (41%) and mining industry (23%, ore).
According to the press service of the Ukrainian Sea Ports Authority, in January-November 2019 Ukraine’s seaports handled 144.3 million tonnes of cargo, which is 18.8% more than in the same period in 2018. The volume of grain transshipment for the 11 months amounted to 48.8 million tonnes, and ore to 33.6 million tonnes.
In addition, the growth trend in container handling remains: in January-November 2019 nearly 911,000 TEU were already loaded, while for the whole of 2018 some 846,000 TEU were handled.
The ports handled more than 108.6 million tonnes for export, while 23.7 million tonnes were transferred for import, transit traffic amounted to 10.2 million tonnes.

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UKRAINIAN SEA PORTS AUTHORITY, COFCO AGRI RESOURCES UKRAINE AGREE TO ATTRACT UAH 1.3 BLN IN DEVELOPMENT OF MARIUPOL PORT

State-owned enterprise (SOE) Ukrainian Sea Ports Authority, COFCO Agri Resources Ukraine (the agricultural exporter), SOE Mariupol Maritime Merchandise Port and STT LLC signed a memorandum of cooperation to develop the Mariupol port during the RE:think. Invest in Ukraine forum, held in Mariupol on Tuesday.
Ukrainian Sea Ports Authority Head Raivis Veckagans, Ukrainian Infrastructure Minister Vladyslav Krykliy, Director of Mariupol Maritime Merchandise Port Oleksandr Oliynyk, COFCO Agri Resources Ukraine Director General Volodymyr Osadchuk and STT Head Volodymyr Sudeiko signed the document.
“The memorandum provides for the implementation of an infrastructure project in the port of Mariupol, which will ensure the attraction of a total of more than UAH 1.3 billion of investment in infrastructure development and increase cargo traffic by 2.3 million tonnes,” Krykliy said.
According to him, within the framework of this document, reconstruction of two berths, construction of the second stage of the grain terminal and the creation of a single transshipment complex of food and liquid food cargoes are also planned.
Veckagans said told Interfax-Ukraine that, in particular, within the framework of cooperation, an increase in the cargo flow of the Mariupol port in grain, meal and oil to 1.2 million tonnes is expected.
“Today, we see an increase in the agro-industrial business [in ports], which was smaller before and this leads to a better result. Business, for its part, and our customers are targeted for prospects and we must support this,” he said.

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