• 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.

2020 September 29

19:01 Carnival Cruise Line’s Mardi Gras departs on sea trials
18:37 Great Lakes announces receipt of $105 mln Jacksonville deepening award
18:03 Kongsberg Digital wins contract to deliver cutting-edge engine room simulator to German training institute
17:55 Murmansk Commercial Seaport expands its fleet of equipment
17:31 Milaha signs deal with Schlumberger
17:16 Expansion of Aberdeen Harbour by Van Oord in full swing
17:08 HHLA invests in the Adriatic Port of Trieste
16:29 Record-high number of international cruise ships to arrive at the Port of HaminaKotka next year
16:05 Hamworthy Pumps makes strong re-entry to tanker market
15:44 New BIMCO Shipping KPI version offers improved benchmarking concept
15:32 Free energy scan for inland vessels is to stimulate the use of shore power
15:05 Mir sailing training ship accepts new shift of cadets
14:30 Admiral Essen frigate of RF Navy’s Black Sea Fleet passes Black Sea Straits towards Mediterranean Sea
13:58 Traficom surveyed Maritime professionals’ opinions regarding N2000 fairway and nautical chart reform
13:13 Victor Shitukhin is appointed as Acting Director of its Ship Repair Plant ‘Nerpa’
12:49 Lotos shipyard lays down two self-propelled dredgers
12:11 Bunker prices decrease in the Far East ports of Russia (graph)
11:47 Port of Antwerp focuses heavily on general cargo: search begun for breakbulk candidate for Churchill Dock
11:27 Joint oil spill exercise tests inter-agency response and cooperation amidst COVID-19 pandemic
10:46 New impetus for digitalization of shipping in the COVID-19 pandemic
10:09 IAPH presents guidelines for LNG-powered vessels during port calls
09:54 Oil prices are decreasing
09:35 Port Authority of Singapore holds joint oil spill exercise
09:15 Baltic Dry Index as of September 28
08:58 MABUX: Bunker market this morning, Sept 29

2020 September 28

18:57 Okeanis Eco Tankers announces one year VLCC time charter
18:27 Bumi Armada secures third FPSO project in India
18:07 Wilhelmsen and thyssenkrupp step-up collaboration, establishing 3D printing joint venture targeting the maritime industry
17:59 RF Government to allocate RUB 27.6 billion for construction of two scientific research ships
17:28 Port of Long Beach announces closure of traffic routes leading to the Gerald Desmond Bridge
17:05 Maersk Supply Service and Ørsted to test offshore charging buoy to reduce vessel emissions
17:02 Oboronlogistics completed Northern Delivery programme of 2020
16:56 UTLC ERA JLC and Belintertrans-Germany GmbH open joint end-to-end regular multimodal service from China to Western Europe
16:37 Atommash shipped Reactor Pressure Vessel for Turkey's first nuclear power plant
16:14 The digital transformation is accelerating, and insurers and underwriters must adapt, says IUMI
15:51 Ships of RF Navy's Black Sea Fleet returned to their permanent locations after "Kavkaz-2020" maneuvers
15:29 New railway bridge over Kolar river put into operation in Murmansk Region
15:13 BIMCO to push for international guidelines for ship/shore communication at IMO
14:12 Submersible robot buries power cables for offshore wind farms 5.5 metres below seabed to the north of Maasvlakte
13:53 Moscow Exchange registered debut bond issue by FSUE "Rosmorport"
13:30 Blanket repair begins at Beloomut dam’s second section
13:12 Busan Port Authority concludes an agreement to establish a smart maintenance system for port facility
12:54 Average spot market price for Russian M100 product fell to RUB 11,773 pmt
12:11 Abu Dhabi Ports acquires MICCO to become a leading provider of fully integrated supply chain logistics solutions
11:36 RF Government approves National Programme for Far East Development
11:13 Aker Solutions awarded subsea contract for Breidablikk
10:51 Hornsea Two monopile installation scheduled to start next month
10:21 Shipbuilding, Ship Repair Corporation launches non-self-propelled suction hopper dredger of Project 4395
09:52 Tallink suspends operation of Helsinki-Riga route until end of October
09:30 Tallink changes weekend operating schedule of Tallinn-Helsinki route shuttle vessel Star
09:14 Baltic Dry Index as of September 25
08:48 MABUX: Bunker market this morning, Sept 28

2020 September 27

16:43 Milaha signs key deal with major oilfield services firm
15:31 RINA and SDARI: an innovative step towards 3D ship classification
14:28 Belfast Harbour is hosting an innovative study which could help change the way ports and harbours manage air quality
13:48 ABP invests £10 million to repair Swansea West Pier
12:49 Huntington Ingalls Industries restores drinking water, conducts steam testing during USS George Washington (CVN 73) refueling and complex overhaul
12:03 The Manor Endurance sets sail for her first charter
11:29 NYK and JMU introduce shipbuilding contract that guarantees propulsion in actual sea conditions

2020 September 26

15:52 Port Freeport enters partnership with CEMEX Servicios Logisticos and Union Pacific Railroad