• 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 September 22

18:24 FESCO launches new maritime service from ports of China and USA to Chukotka
18:06 Aker Solutions wins electrification work for Lundin Energy Norway
17:49 Onezhsky Shipyard launches yet another self-propelled hopper barge of Project NV-600
17:36 DNV GL – Maritime releases the fourth edition of its Maritime Forecast to 2050
17:15 KNUD E. HANSEN introduces new design of icebreaking expedition cruise vessel
16:56 Vyborg Shipyard lays down processing trawler of KMT02.03 design
16:35 "NextGEN" shipping decarbonization concept mooted for green and efficient navigation
16:19 USC and KOMEA create Russia-Korea shipbuilding and ship equipment cluster
16:05 Hopper Dredger First to Sail 2,000 Hours on 100% Sustainable Marine Biofuel
15:34 Boudewijn Siemons appointed as new Port Authority COO
15:10 The largest LNG-powered container ship joins CMA CGM Group's fleet
14:58 Lead nuclear-powered icebreaker of Project 22220, the Arktika, heads out for Murmansk
14:23 Release of containers at Port of Antwerp will be digitalized
14:17 Gazprombank to loan EUR 522 for construction of floating LNG storage units
13:22 Konecranes to start cooperation negotiations in Germany and Finland in its Industrial Equipment business area
13:00 Ships of RF Navy’s Black Sea Fleet participated in Kavkaz-2020
12:38 Bunker market sees mixed price movements in the Far East ports of Russia (graph)
12:15 Dogger Bank wind farm places record-breaking turbine order boosting local jobs
11:49 BIMCO adopts the industry’s first ship sale and leaseback standard
11:46 Operation of Novosibirsk gateway completed in navigation season of 2020
11:20 Rosmorport prepares tender documentation to continue construction of international marine terminal in Pionersky
10:33 IAA PortNews’ webinar “All Ferries. Caspian Basin” scheduled for 30 September 2020
10:09 Port Houston container volumes down 4% to 248,630 TEUs in August 2020
09:55 New gas tanker form paves the way for revision of ASBATANKVOY
09:31 Oil prices are recovering
09:22 Keppel O&M secures two contracts worth approximately $200 million
09:14 Baltic Dry Index as of September 21
08:38 MABUX: Bunker market this morning, Sept 22

2020 September 21

18:27 CMA CGM announces new PSS, FAK and GRR from Asia to North Europe
18:07 IUMI reports that marine cargo insurance market is “improving amid significant change”
17:43 BIMCO adopts the industry’s first ship sale and leaseback standard
17:21 CMA CGM Group launches “A Humanitarian Ship for Lebanon” campaign to ship emergency humanitarian aid
17:21 USCG prepares for storm, coastal flooding along Texas coast
16:37 Fire on fast rescue craft onboard the M/V Siem Diamond
16:14 LR and the NPL partner on marine autonomy assurance
15:56 FESCO’s container train links Saint-Petersburg and Vladivostok
14:45 Point system developed in Russia for estimation of local content in shipbuilding
14:10 Nakilat transitions LNG Al Rekayyat to in-house management
13:33 Average spot market price for Russian M100 product fell to RUB 12,512 pmt
13:04 Work commences on Phase-2 wharf revetment and land reclamation at Port of Kaohsiung's 7th Container Terminal
12:59 Algeciras, Amsterdam, Lisbon and Puertos del Estado shortlisted for 12th ESPO Award
12:22 Towing of seagoing tugboat Andrey Stepanov along Northern Sea Route completed
12:01 Fincantieri launches the first patrol vessel for Qatar
11:00 BeHydro dual-fuel hydrogen engine awarded Approval in Principle by LR
10:39 Remote audits discussed to avoid further disruption to audit schedule
10:02 Philippine Ports Authority launches COVID-19 contact tracing system for all port users, community
09:41 Oil prices are slightly up
09:23 MABUX: Bunker market this morning, Sep 21
09:08 Baltic Dry Index as of September 18

2020 September 20

16:27 Innovative vacuum cleaner removes plastic from nature reserve in the port of Antwerp
15:33 Master and chief engineer plead guilty in MV Funing case
14:07 World’s largest LNG bunkering vessel arrives in Rotterdam
12:38 Austal Australia delivers 7th GCPB
11:14 ABS to class another four VLEC for Zhejiang Satellite Petrochemical
10:49 MBZ and Boluda Towage Europe ink the 5-year concession agreement for providing sustainable towage service in the Port of Zeebrugge

2020 September 19

15:04 Vroon to recycle three PSVs
14:11 Limited openings at Erasmus Bridge for tall vessels
13:46 The construction of Finnnline's second hybrid ro-ro vessel started
12:33 USCG offloads estimated $216 million of cocaine, marijuana at Port Everglades
11:17 New Maritime Minister visits Port of Southampton