Business news from Ukraine

UKRAINE’S SEAPORTS HANDLE ONE MLN TEU CONTAINERS IN 2019

The seaports of Ukraine in 2019 handled 1.003 million TEU containers, which is 18% more than in 2018.
The press service of the Ukrainian Sea Ports Authority said that the transshipment of containerized cargo in Ukraine is several times higher than the world’s average figure in the container shipping market.
“Now four private container terminals are successfully operating in Ukrainian ports, which are planning to develop their capacities in 2020. Corresponding memorandums and agreements were signed between the agency and the subsidiary of the German company HHLA, Container Terminal Odesa, as well as the world’s third largest container line СMA CGM together with the Ukrainian company Brooklyn-Kyiv,” head of the Ukrainian Sea Ports Authority Raivis Veckagans said.
According to him, this gives reason to count on the further development of container transportation, especially due to the transit of containers and the inclusion of Ukraine in the routes of the Chinese Silk Road and the transport corridor Europe-Caucasus-Asia (TRASECA), the first cargoes on which were delivered in 2019.
According to the agency, the export and import of containers in 2019 was distributed almost evenly with a slight advantage of imports – 48.6% and 46.8% respectively. At the same time, positive export dynamics is ensured by increasing the containerization of food and light industry products (processing of agricultural raw materials, including flour, wheat, peas; textile products). The strengthening of the hryvnia traditionally influences the growth of containerized cargo imports, which makes deliveries from abroad of food, machinery and electronics, construction materials and other goods more attractive.
Container cargo transit increased by 42% compared to 2018 and amounted to 46,400 TEU.

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