Cargill, MV Cargo to Build New Port Terminal in Yuzhny

Representatives of Cargill and MV Cargo have signed a binding Share Purchase Agreement, formalizing their commitment in relation to the construction of a terminal in the Yuzhny Port.

This agreement marks a significant milestone in the project and follows the memorandum of cooperation Cargill and MV Cargo entered into with Ukraine’s Sea Ports Authority (USPA) on 13th August 2015, whereby the port authority agreed to dredge the water area adjacent to the future grain terminal down to 16 meters.

This will enable the new terminal to handle large vessels with a deadweight of up to 100,000 metric tonnes that the new facility will attract to the port.

The agreement was signed in the presence of Prime Minister of Ukraine, Arseniy Yatsenyuk, U.S. Ambassador to Ukraine, Geoffrey Pyatt, Minister of Infrastructure Andriy Pivovarskiy, Minister of Agriculture Olexi Pavlenko and other senior Ukrainian government officials.

Construction of the terminal will begin on 27th February 2016 and is expected to be completed by the spring of 2018.

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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