Business news from Ukraine

SEAPORTS IN UKRAINE CUT CARGO HANDLING BY 2%

Freight handling at Ukrainian seaports in January-May 2018 totaled 54.3 million tonnes, which is 2.13% less than a year ago, according to data from the Ukrainian Sea Port Authority.
According to its data, the volume of transshipment of imported cargo increased by 16% and amounted to 9.05 million tonnes.
The volume of transshipment of exported cargo decreased 7.35%, to 39.71 million tonnes. Handling of transit freights rose by 11.2%, to 4.824 million tonnes and handling of coastal freight rose by 49.3%, to 714,730 tonnes.
Transshipment of liquid freight fell by 9.78%, to 4.3 million tonnes, that for bulk freight – by 8.35%, to 36.95 million tonnes and for packaged cargo grew by 25.5%, to 13.05 million tonnes.
Container flow at Ukrainian seaports in January-May 2018 grew by 36.9%, to 325,035 TEU, and processing of containers in weight rose by 34.4%, to 4.274 million tonnes.
In general, the seaports of Ukraine processed 4,855 vessels in January-May 2018, including 1,026 in May.
The decline in cargo turnover is attributed to the reduction in grain handling by 4.9%, caused by unfavorable prices for it on the global market in this period, as well as a 15.5% decrease in ore turnover due to a decrease in ore mining by ore-dressing plants, the authority said.
“The upward pace of imports continue to be recorded for the following cargo: ore (17.8% up), transshipment of which amounted to 3 million tonnes and coal – 2.4 million tons (4.1% up), the largest increase in imports showed ferrous metals (18% up) – 6.8 million tonnes, including 4.1 million tonnes of rolled metal (4.1% up) and 1.3 million tonnes of pig iron (85.5% up),” the authority said.
During the reporting period, 3,130 ship journeys were made on the Dnipro River, which is 287 journeys, or 8.7% more than a year earlier.
A total of 316,800 tonnes of metal products were transported along the Dnipro (6.2% growth compared with the corresponding period of 2017), as well as 683,600 tonnes of grains (a decrease of 7%), 17,300 tonnes of oil products (an increase of 5.2%) and 902,000 tonnes of construction materials (an increase of 24.3%) and other goods.

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MINISTRY OF INFRASTRUCTURE WILL PROPOSE GOVERNMENT TO COMPENSATE INVESTMENTS IN SEAPORTS

The Ministry of Infrastructure of Ukraine in the near future might submit a draft resolution on compensation of investments in the port industry to the Cabinet of Ministers for consideration, Deputy Prime Minister Volodymyr Kistion has said. “We are talking about compensation of investments in the port industry of Ukraine, legalization of objects of port infrastructure that are not registered for objective reasons, both public and private,” he said at the Ukrainian Ports Forum 2018 in Odesa. In addition, the official expressed confidence that the ministry will soon complete the development of a new methodology for calculating port dues, as well as preparation of other legislative acts that will promote the development and modernization of seaports and will further provide opportunities to reduce port rates. At the same time, Kistion noted that since the beginning of the year the government has reduced port rates by 20%.

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UKRAINIAN SEAPORTS SLIGHTLY INCREASE FREIGHT HANDLING IN 2018

Freight handling at Ukrainian seaports in January-March 2018 totaled 32.8 million tonnes, which is 1.1% more than a year ago, according to tentative data from the Ukrainian Sea Port Authority. According to its data, the volume of transshipment of imported cargo increased by 30% and amounted to 5.6 million tonnes. Handling of imported coal grew by 24.1%, to 1.4 million tonnes, ores by 20.7%, to 1.9 million tonnes, crude oil transshipment grew by 51%, to 544,000 tonnes.
The volume of transshipment of exported cargo decreased 7.4%, to 23.8 million tonnes. Handling of exported ferrous metals grew by 17%, to 4.2 million tonnes.
Handling of transit freights rose by 38.4%, to 3.2 million tonnes.
In general, the seaports of Ukraine processed 2,853 vessels in January-March 2018, which is 345 vessels, or 9.7% more compared to the same period in 2017.

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