• 2019 September 10 14:58

    USPA and Kernel invest over UAH 3 billion in Chornomorsk port development

    On September 5th, 2019 State Enterprise “Ukrainian Sea Ports Authority” and the Kernel Company signed an agreement on cooperation providing for investments in the development of the infrastructure in the port of Chornomorsk amounting to over UAH 3 billion. By the end of 2020, dredging near the four berths is expected to be carried out in the port and a new grain terminal to be built to increase transshipment volumes up to 6 million tons, USPA says in a press release. 

    “The agreement between USPA and Kernel is a great example of public-private partnership representing one more step in the systemic development of the Chornomorsk port which is managed by USPA. This year we have completed a large-scale capital dredging project at the approach channel of the port and the area of ​​ 1st basinof Sukhyi Lyman and immediately proceed to ensure the necessary-to-business depths near berths No. 14–17. The Kernel Company, for its part, committed to guarantee the cargo flow volumes of at least 6 million tons per year. This will contribute to the quick payback of the USPA’s capital investments,” — USPA Head Mr. Raivis Veckagans said. He also added that the implementation of the project would help improve the conditions for exporting Ukrainian products, increase cargo transportation and create almost 250 new jobs in the port of Chornomorsk.

    Mr. Yevgen Osypov, CEO of the Kernel Company, noted that agribusiness has been the engine of the Ukrainian economy. Since 2011 the agro-industrial complex has shown a steady increase in the volumes of agricultural deliveries to the world markets, which reached the 40% share in the structure of Ukrainian exports in 2018. Revenues from export operations generate foreign exchange earnings coming to Ukraine’s budget, contribute to GDP growth and ensure the country’s well-being.

    “Our strategic goal for 2020 is to increase export of grains to 8.8 million tons by launching a new terminal at the port of Chornomorsk. That is why we are focused now on the Transgrainterminal construction. The next step is to concentrate on its effective loading. However, implementation of such large-scale investment projects is not possible without the state endorsement. Today, we feel the support from USPA, which helps achieve strategic goals to both the state and businesses by means of specific technical solutions, ” — Yevgen Osypov, CEO of the Kernel Company, commented on the signing of the agreement.

    According to the document, by the end of 2020 USPA commits to reconstruct the operating water area of the 1st basin of the port’s Sukhyi Lyman (the 5th construction phase) to 15 metres and ensure dredging along the berthsNo. 14–17, where terminals of Kernel Holding S. A. have been operating. The depths of the operating area near the docks will be increased to 14–15 metres.

    Kernel, in turn, undertakes to build a new grain terminal (Transgrainterminal LLC) at the port of Chornomorsk in 2019–2020. This will helpto ensure that the annual volumes of transshipment of agricultural products is at least 6 million tons of cargo, starting from 2021 to be increased up to 7 million tons in the future.

    Investments to the public-private partnership project by USPA will amount to almost UAH 230 million with the cost of construction of the terminal by Kernel amounting to almost UAH 3 billion.

    Kernel is the world’s largest producer and exporter of sunflower oil, a key supplier of agricultural products from the Black Sea region to the world markets. The company accounts for about 8% of the world's sunflower oil production. Kernel exports its products to more than 80 countries.

    In the marketing year of 2018–2019, the company first exported 6.1 million tons of grain, which is an absolute record among Ukrainian agricultural companies.




2020 August 14

16:40 H1’2020 throughput of Taganrog Sea Commercial Port is flat Y-o-Y
16:18 Robert Socha joins Conrad Shipyard’s senior management team
15:54 Rosneft’s 1H 2020 hydrocarbon production fell by 7% YoY
15:35 Aker carbon capture AS and Aker Offshore Wind Holding AS – contemplated private placement and listing on Merkur Market
15:11 DOF Rederi AS sold vessels with YB 1983/2020
14:49 Port of LA to work with California manufacturers and technology association under new agreement
14:22 Transshipment of Angara launchpad components underway at Sovetskaya Gavan port
13:46 NCSP joins national project to improve workforce productivity
13:24 First of six new US Navy tugboats features integrated Furuno Marine Electronics
13:01 Port of Cardiff signs new long-term lease with Stone Supplies Ltd.
12:38 Rosneft reports H1 net loss of RUB 113 billion
12:10 Okskaya Shipyard lays down fifth multipurpose dry cargo carrier of Project RSD59 for Astrol
11:47 IMSC issues statement on the Incident with Motor Tanker Wila
11:29 Port of LA July volumes are strongest of 2020
10:53 First part of permanent layoff negotiations at Turku shipyard are ready
10:29 Krasnoye Sormovo lays down 23rd dry cargo carrier of Project RSD59
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09:30 Crude oil prices start rising
09:12 MABUX: Bunker market this morning, Aug 14
09:07 Baltic Dry Index as of August 13

2020 August 13

20:58 Rosmorrechflot promotes Stanislav Uryupin to Port of Novorossiysk Harbourmaster
18:31 Glavgosexpertiza gives nod to Sovetskaya Gavan LPG terminal project
18:06 Global Industry Alliance issues Just-In-Time Arrival Guide
17:36 HMM Rotterdam en route to Rotterdam
17:18 Ust-Luga Multipurpose Reloading Complex half-year cargo volume down 9% year-on-year
17:06 The operational situation in the port of Beirut is back to normal
16:48 TCSP Group half-year throughput grows 11.4%
16:31 Kalmar service expertise to enhance safety, performance and productivity on WWO’s American routes from Manzanillo International Terminal in Panama
16:12 CMA CGM announces PSS from North Europe (except France) to Australia & New Zealand
15:26 Minister for Regional Growth and Local Government opens multi million pound bulks terminal at Teesport
15:21 St. Petersburg set to create infrastructure for all-electric passenger vessels
14:39 First supply of bunker fuel by Gazpromneft Marine Bunker to the brand new cruise ship Mustai Karim
13:52 MABUX releases weekly review of global bunker market
13:21 VIKING delivers first of ambulance boat trio for Hellenic Coastguard
12:32 Grain exports via Krasnodar Krai based seaports in Jan-Jul jump 32%
12:14 Port of Oakland import cargo volume grew 6.4 percent in July
11:33 MacGregor receives EUR 18 million RoRo orders from Japan
10:52 Australia authorities issue fumigation requirements for the 2020/2021 high risk season
10:17 Sea Port of St. Petersburg half-year cargo volume rose 3%
10:14 MABUX: Bunker market this morning, Aug 13
09:52 Crude futures prices retreat
09:32 Baltic Dry Index as of Aug 12
08:26 ME-GI engine sails through sea trials

2020 August 12

18:57 Risavika LNG index for September up by 8.9 % week on week
18:27 Andreas Rieckhof new Chairman of Hamburg Messe und Congress GmbH Supervisory Board
18:08 At the three Hamburg container terminals throughput volume down 12.0 % in H1 2020
18:07 Sri Lanka Ports Authority assures safe handling of dangerous cargo under UN regulations
17:47 Rosmorport’s Azov-Black Sea branch adds TSHD Sommers to its fleet
17:43 Boluda Towage Europe takes on two new tugs from Damen Shipyards Group
16:49 Investors set to inject in excess of RUB 19 bn in federal port infrastructure facilities development
15:44 MoD eyes placing more orders for the Steregushchiy class corvettes with Amur Shipyard
15:17 Joint R&D Starts for Use of Ammonia in Marine Transportation to Reduce GHG Emissions
14:47 CMA CGM announces PSS from Asia to North Europe
14:21 MST wins contract for building 19m high-speed patrol craft duo for the Royal Navy
14:03 MOL issues an update on the Capesize bulker "Wakashio" aground off Mauritius
13:20 Port of Kiel constructs the new port apron
12:01 THE Alliance announces COVID-19 response measures for September 2020
11:57 Northern Sea Shipping acquires the MV Siyaniye Severa
10:36 LNG vessel completes 10,000th Neopanamax transit at the Panama Canal
10:02 Crude futures prices continue upward trend