About past, present and future of Ukraine

Search mobile

Main Business The Odessa sea port attracted investments for 253 million

Business

The Odessa sea port attracted investments for 253 million

416
The Odessa sea port attracted investments for 253 million

Share this article


In 2021, investments in the development of the port of Odessa amounted to UAH 253 million. This is 3.6 times more than in the same period of 2020 - from January to August.


Investments in the development of the industrial infrastructure of the Odessa sea port since the beginning of 2021 have increased by 3.6 times compared to the same period last year: up to UAH 253 million. In 2020, the volume of investments amounted to about 70 million. This was reported by the head of the Odessa port administration Maxim Lapay, the press service of the port administration said.

Of the large-scale investment projects, the implementation of which is being carried out at a good pace, the speaker separately highlighted the berth No. 7 of the Quarantine Harbour, the capital reconstruction of which should be completed at the end of 2022.

Let's look at this video on Odessa port:

odessajournal 0

Presenting the yearly report on the results of the port's production activities to the Council members, the head of the administration noted that in the last month of summer “the grain season has started powerfully” (the volumes of grain cargo and containers).

In terms of liquid bulk transshipment, the port has already surpassed the last year's indicator. In terms of containers, 443 thousand TEUs were handled at two terminals of the port in 8 months, which is 5% more than in the same period last year.

Directly loading operations in the port of Odessa are carried out by private stevedoring companies - they lease almost all berths and storage facilities from the state on various terms. But the state enterprise "Odessa Commercial Sea Port" does not carry out cargo transshipment, being engaged almost exclusively in ship repair (at the shipyard "Ukraine") and the provision of towing services.

For the first six months of 2021, Odessa port operated at a loss, and only from July 2021, it began to show a profit.

odessajournal 1

The Odessa Journal
more articles

Top article

The Ministry of Defense has signed a contract for the construction of a service center for repairing drones in Ukraine
War

The Ministry of Defense has signed a contract ...

Dmytro Kuleba: Ukraine and Croatia have agreed to use Croatian ports for exporting Ukrainian grain
Business

Dmytro Kuleba: Ukraine and Croatia have agree ...

New sanctions: Defence industry, political parties and individuals linked to oligarchs
Business

New sanctions: Defence industry, political pa ...

Volodymyr Zelensky: We are preparing for the next Ramstein meeting, we expect solidly grounded decisions to meet the prospects on the battlefield
War

Volodymyr Zelensky: We are preparing for the ...