• 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.




2019 September 23

12:31 USPA Supervisory Board discussed corporatisation, integrated audit and dividend reduction
12:08 DNV GL’s Veracity strengthens maritime digitalization with new Asia-Pacific hub
11:50 Workshop in Kenya focused on reducing marine plastic from ships
11:36 Abu Dhabi Ports’ container volume up 82.4% in the first half of 2019
11:29 Regional workshop in Saudi Arabia focused on clean shipping in Red Sea, Gulf of Aden and Gulf
11:04 Vympel Shipyard launches fourth Grachonok-class special purpose boat for Federal National Guard Troops Service
10:26 Brent Crude futures price is up 1.1% to $64.99, Light Sweet Crude – up 1.1% to $58.73
10:08 CMA CGM announces FAK rates from Asia to Red Sea
09:47 Container throughput of port Hong Kong (China) down 7.4% to 12.18 million TEUs in Jan-Aug’2019
09:25 Baltic Dry Index is down to 2,131 points
09:08 DNV GL awards AIPs to DSME for ethylene carrier cargo tank designs
08:49 MABUX: Bunker Market this morning, Sep. 23
08:06 Damen completes maintenance work on Innovation at Damen Verolme Rotterdam

2019 September 22

17:03 Höegh increases its frequency to Australia
16:21 USCG Cutter Seneca offloads more than 12,000 pounds of cocaine in Miami
15:16 Algoma announces agreement to acquire Croatian-built dry-bulk carrier
13:03 Van Oord: Second Sand Motor successfully completed
12:47 Ørsted to pioneer deployment of GE’s next generation offshore wind turbine
11:39 ZPMC orders compressors to pipelay vessel

2019 September 21

16:17 USCG responds to breakaway barges striking I-10 San Jacinto River bridge
15:14 Eastern Shipbuilding launches the C.D WHITE for E.N. Bisso & Son
14:06 Boskalis associate Smit Lamnalco signs first 10-year terminal services contract in Mozambique
12:52 Kongsberg wins first full-scope expedition cruise vessel tender, with gensets and propulsion equipment
11:34 Rauma Shipyard bags Finnish Navy's four corvettes order

2019 September 20

18:41 Vostochny Port joins Coordinating Council on Trans-Siberian Transportation as its permanent member
18:22 IAA PortNews offers photo release from 'Development of Icebreaking and Support Fleet' conference held on NEVA 2019 zero-day
18:05 Global Ship Lease announces new five-year $268 mln credit facility for debt refinancing
17:24 Vostochny Port’s harbour services fleet presented at dedicated conference in Saint-Petersburg
17:05 F. A. Vinnen places entire fleet with Verifavia Shipping & Rina for IHM services
16:50 Helsinki Shipyard (Finland) to build two liners for polar cruises
16:35 COSCO SHIPPING Ports announces disposal of interest in various port assets and possible disposal of Taicang Terminal and Jiangsu Petrochemical Terminal
16:21 ABB presents electric power and propulsion solutions for icebreaking vessels at NEVA 2019
16:05 Port of Los Angeles protects overall clean air gains
15:19 Port of Riga rapidly increases volume of handled wood pellets
14:53 South Korean port to slash passenger vessel emissions with ABB shore power
14:15 Krasnoye Sormovo launches Pola Pelagia, dry cargo carrier of Project RSD59З, for Pola Rise
13:30 Damen Shipyards Group is ready to ensure construction of electric water buses for rivers and canals of Saint-Petersburg and Russia
13:12 MSC Cruises and Fincantieri unveil further details of MSC Seashore at coin ceremony
12:24 Victor Olersky sees promising future of electric river passenger ships in Saint-Petersburg and in Russia
12:09 Algoma Central Corporation announces agreement to acquire Croatian-built vessel
11:28 Specifications for 0.50% sulphur fuels and the PAS from ISO: IBIA explains
11:09 GTT obtains Approval in Principle from Bureau Veritas for the Mark III Flex technology on ice-breaking LNG carriers
10:52 IBIA and S&P Global Platts collaborate to help shipping industry comply with IMO 2020
10:31 Workshop for training on emergency response, preparation and planning held in Manila
10:09 Van Oord and Shell test the use of biofuel on trailing suction hopper dredger HAM 316
09:50 State Duma ratifies Convention on the Legal Status of the Caspian Sea
09:33 Brent Crude futures price is up 0.20% to $63.73, Light Sweet Crude – up 0.98% to $58.7
09:25 Lloyd’s Register, China Merchants, GTT, CNOOC, DSIC form jv to design LNG-fuelled VLCC
09:17 Baltic Dry Index is down to 2,192 points
08:58 MABUX: Bunker Market this morning, Sept 20

2019 September 19

18:04 Bibby Marine Services takes the next step to optimize walk-to-work operations
17:56 Marinet approves Poseidon maritime cyber security project
17:37 American Ethane reveals plans to order 17 VLECs
17:34 Wärtsilä’s Board of Directors decided on the distribution of the second dividend instalment
17:22 Marinet approves T2OT project for high accuracy positioning of seagoing vessels
17:04 VARD secures advanced stern trawler contract with Luntos
16:50 Average wholesale prices for М-100 HFO down to RUB 14,328 in RF spot market
16:34 Zeebrugge port authority invests in new 1,071 meter quay wall
16:04 RINA to classify Swedish Maritime Administration fleet
15:53 Marinet set to establish exports support center in Finland in 2020