The EBRD could provide part of the financing for the construction and development costs of a new container terminal in the Port of Odessa (a loan of up to US$37 million (equivalent to €28 million) and to enter the capital of Odessa Terminal Holdco Ltd (ODHL, Cyprus), the subsidiary of which Brooklyn-Kiev Port (Odessa) will build and operate the new terminal. The issue is to be considered by the EBRD Board of Directors on May 6, 2009, Markets&Business informs.
The Sponsor of the project is CMA-CGM, the world’s third largest container shipping company with a fleet of around 370 ships serving over 400 ports of call around the world. Besides shipping, CMA CGM is also engaged in port management through its subsidiary Terminal Link..
EBRD share in ODHL is supposed to make up to 5%. Total project cost is valued at $130 million.
The new terminal is to increase the port’s container handling capacity to meet future demand for container throughput and promote further containerization and logistics development in Ukraine.
Odessa Commercial Sea Port is one of three largest ports in Ukraine. The port plans to increase the share of more ecologically friendly cargoes.
In 2008, the port handled 34.56 million tonnes of cargo (10.2%, year-on-year). In the reported period, container throughput increased by 9.3% to 572,140 TEU.
CMA-CGM carried 178,862 TEU via Ukrainian ports in 2008, which is the highest volume among all container carriers. All in all container transshipment in Ukraine climbed by 18% to 1.254 mln TEU in 2008.
The Sponsor of the project is CMA-CGM, the world’s third largest container shipping company with a fleet of around 370 ships serving over 400 ports of call around the world. Besides shipping, CMA CGM is also engaged in port management through its subsidiary Terminal Link..
EBRD share in ODHL is supposed to make up to 5%. Total project cost is valued at $130 million.
The new terminal is to increase the port’s container handling capacity to meet future demand for container throughput and promote further containerization and logistics development in Ukraine.
Odessa Commercial Sea Port is one of three largest ports in Ukraine. The port plans to increase the share of more ecologically friendly cargoes.
In 2008, the port handled 34.56 million tonnes of cargo (10.2%, year-on-year). In the reported period, container throughput increased by 9.3% to 572,140 TEU.
CMA-CGM carried 178,862 TEU via Ukrainian ports in 2008, which is the highest volume among all container carriers. All in all container transshipment in Ukraine climbed by 18% to 1.254 mln TEU in 2008.