• 2018 July 5 13:50

    Nibulon to invest USD 2 billion in Egypt grain storage and transportation

    Having accumulated a unique experience in implementing investment projects within Ukraine, NIBULON aims to expand its investment plans in other countries, in particular in Egypt.

    NIBULON is one of the major suppliers of Ukrainian grain to the Egyptian market. Over the past ten years, NIBULON has exported more than 12 million tons of Ukrainian wheat, corn, sorghum and soybean, having taken an active part in solving the country’s food security issues. Thus, NIBULON has opened a large Egyptian grain market for Ukrainian grain, having helped our commodity producers to meet the competition and to sell their products in this country.

    Today, NIBULON is known in Egypt as a Ukrainian national company and representative of Ukraine in Egypt’s market. The logical stage of this cooperation was the intentions of NIBULON, the leader in developing Ukraine’s logistics infrastructure, to share its own successful experience in revival of rivers as the country’s transport arteries in the form of real investments in logistics infrastructure.  

    Within the framework of this cooperation and on the initiative of the Food and Agriculture Organization of the United Nations (FAO), the main task of which is a fight against hunger, on December 6, 2017, (Cairo, Egypt), FAO and NIBULON signed the Memorandum of Understanding to focus on improving the efficiency of Egyptian companies involved in grain production, storage and transportation. As part of these agreements and with the support of the Egyptian leadership, a series of meetings and mutual visits between NIBULON’s representatives and leading experts of the Ministry of Supply and Internal Trade, Ministry of Transport, Ministry of Land Reclamation and other government agencies that are closely connected with these issues were held. Today, an organization council, established under the Egyptian Ministry of Supply and Trade of Egypt, and NIBULON’s working group are actively exchanging the information on the opportunity of investing in Egypt.

    The company’s upcoming plans include additional visits of NIBULON’s specialists to Egypt to finalize the investment project, which will include modernization of Egypt’s elevators, construction of new ones, and construction of a fleet at the country’s shipyards for grain transportation along the Nile River and its distributaries. 

    “This is a long-term investment program. It provides for a total investment of up to USD 2 billion and it is designed for 7-10 years”, said NIBULON’s General Director Oleksiy Vadaturskyy. “The first stage of this project in 2018-2019 is investment of up to USD 200 million. The program implementation also provides for the opening of NIBULON’s enterprise in Egypt that will work in accordance with the Egyptian law. This program will increase the competitiveness of Ukrainian agricultural products and will enable one to sell products directly to end consumers in Egypt, thereby increasing food security of this country. Egypt’s economy is on the rise.  The country has a clear development strategy. And our company feels full support from the government of the Arab Republic of Egypt on future projects implementation. We have already shared these plans with NIBULON’s strategic financial partners, namely with EBRD, EIB, IFC, and local financial institutions”.  

    At the same time, NIBULON will continue to invest in the Ukrainian economy and increase its investments. It is planned to start construction of two transshipment terminals in Zaporizhzhia and Dnipropetrovsk regions this year. In addition, the company increases the capacity of its transshipment terminal in Kremenchuk (Poltava region), implements its investment program in shipbuilding (cargo fleet construction), as well as reconstructs NIBULON shipbuilding and repair yard in Mykolaiv.

2019 November 13

18:07 LR and Seabury Maritime partner to tackle OPEX and CAPEX challenges
17:55 Gasum acquires AGA’s Clean Energy business and Nauticor’s Marine Bunkering business from Linde AG
17:36 Rolls-Royce and luxury yacht manufacturer Sunseeker sign frame agreement for MTU engines
17:18 Next-generation controller platform ‘Triton’ successfully passes TAT in Japan using latest ME-engine control system
17:04 LNG market expectations will be framed at the 6th International LNG Congress
16:54 Throughput of port Kaliningrad in Jan-Oct’2019 fell by 21% Y-o-Y to 9.34 million tonnes
16:28 Throughput of port Vyborg in Jan-Oct’2019 fell by 35% Y-o-Y to 1 million tonnes
16:03 MSC Cruises christens MSC Grandiosa
15:29 Innovative solutions for remote inspection: RINA and Kiber team up
15:03 Klaveness to focus their Dry Bulk operator activity on the Panamax to Post-Panamax segment
14:57 Throughput of port Vysotsk in Jan-Oct'2019 climbed by 5% Y-o-Y to 16.15 million tonnes
14:16 HHLA reports 4% growth in container volume to 5.7 million TEUs, revenue up 8.3% to 1 bn euros in Jan-Sept, 2019
13:33 Throughput of port Primorsk in Jan-Oct’2019 grew by 17% Y-o-Y to 51.84 million tonnes
13:12 Ten ports in the Nordic Region agreed upon a declaration focusing on sustainable port management
13:12 Cargo traffic in Ob-Irtysh Basin slightly down to 7.7 million tonnes
12:49 Port of Ust-Luga handled 87.49 million tonnes of cargo in 10M’19, up 7% Y-o-Y
12:24 Throughput of Port St. Petersburg in 10M'2019 grew by 2% to 50.00 million tonnes
12:00 EIB agrees to provide EUR 140 million to support expansion and upgrading of the Port of Piraeus
11:57 MPC Capital acquires stake in tanker specialist Albis Shipping & Transport
11:33 Port of Southampton welcomes MSC Grandiosa on her UK launch
11:08 Net profit of Commercial Port of Vladivostok for 9M’19 totaled RUB 4.64 billion, up 38.7% YoY
10:17 Port of San Diego to add seven alternative fuel vehicles to its work fleet
10:16 Environmental legislation on maritime transport will be reformed – focus on waste management
09:50 Bunker market at the port of Saint-Petersburg, Russia sees mixed price movements (graph)
09:32 Brent Crude futures price is down 0.37% to $61.83, Light Sweet Crude – down 0.33% to $56.61
09:25 MABUX: Bunker market this morning, Nov 13
09:14 Baltic Dry Index is up to 1,354 points

2019 November 12

18:06 Hapag-Lloyd to increase rates from China to Middle East including Red Sea
17:51 Admiral Makarov SUMIS participates in the international investigative project on oil spill response
17:36 Black Bear Carbon announces Port of Rotterdam as preferred location for new rCB plant in The Netherlands
17:20 Throughput of Russian seaports in 10M'2019 grew by 3.2% to 701.6 million tonnes of cargo (detalization)
17:06 MODEC, Mitsui, MOL and Marubeni to proceed with the deepwater FPSO charter project for Búzios field of Brazilian offshore pre-salt oil field
17:05 Peninsula Petroleum Group says is ready for IMO 2020
16:38 Metrans receives the first of ten new Vectron locomotives
15:59 New Joint Guidelines from ICS and OCIMF to improve safety in polar waters
15:31 Diesel submarine of RF Navy’s Pacific Fleet participates in exercised in the Sea of Japan
15:04 NMDC to complete fleet-wide conversion to Thordon seawater lubricated composite cutter shaft bearings
14:38 Krasnoye Sormovo delivers dry cargo carrier of Project RSD59, Aleksandr Sokolov
14:03 Damen Marine Components receives steering system contract for SunStone’s fifth Infinity-class 200 pax polar expedition cruise ship
13:35 Glavgosexpertiza of Russia approves survey findings under project for port construction on Novaya Zemlya
13:09 The Port of Gdansk connects Poland and Singapore
13:06 Bunker prices go down at the Far East ports of Russia (graph)
12:43 NMDC to complete fleet-wide conversion to Thordon seawater lubricated composite cutter shaft bearings
12:28 Admiral Makarov SUMIS confirmed unique competence in dynamic positioning operators training
11:44 RINA works with the National Technical University of Athens to support the future Young Engineers in Greece
11:19 IMO launches online tool to smooth reporting formalities
10:47 Montreal, Canada to host 16th Arctic Shipping Summit on 11-12 March 2020
10:25 Number of new watercraft registrations increasing in Finland
10:23 MABUX: Bunker market this morning, Nov 12
10:01 Hydrographic surveys in the Vuoksi river system to ensure safe navigation
09:42 Fleet Xpress agreement marks new stage in Bourbon digitalisation strategy for offshore
09:32 Brent Crude futures price is up 0.11% to $62.26, Light Sweet Crude – up 0.11% to $56.92
09:16 Baltic Dry Index is down to 1,345 points

2019 November 11

18:33 Alfa Laval opens new global Innovation & Test center outside Copenhagen
18:03 ABS issues industry-leading guide for firefighting for cargo areas of container carriers
17:54 Yantar shipyard launches lead rescue ship of Project 23700 named Voyevoda
17:48 Massterly and the future of autonomous shipping
17:25 Throughput of Russian seaports in 10M’19 grew by 3.2% to 701.48 million tonnes
17:03 Wärtsilä and PSA Marine achieve breakthrough in IntelliTug project
16:44 University of Rochester create a metallic structure that won't sink