USPA, Kernel Ink Chornomorsk Dredging Contract

Image source: USPA

The Ukrainian Sea Ports Authority (USPA) and Kernel, one of the largest Ukrainian agricultural groups, signed an agreement of cooperation earlier this week, foreseeing group’s investment in the Chornomorsk Port development in the amount of over $118.8 million.

Under the agreement, by the end of 2020, the port plans to dredge four berths and build a new grain terminal, which will increase transshipment to 6 million tonnes.

Commenting the latest agreement, USPA head Raivis Veckagans said: “The agreement between the Sea Ports Authority and Kernel is a good example of public private partnership and the next step in the systemic development of the Port of Chornomorsk, which the authority is engaged in.”

“This year we completed a large-scale main dredging project on the port’s approach canal and the water area of the first boot basin of the Sukhy estuary and we immediately proceed to the creation of the depths necessary for business at the berths No. 14-17. The Kernel company, for its part, has committed to guarantee the volume of cargo traffic of at least 6 million tonnes per year. This will contribute to a quick payback on capital investment of the authority.”

He also added that the implementation of this capital development project will help improve the conditions for the export of Ukrainian enterprises’ products, increase ship calls and create about 250 new jobs in the Port of Chornomorsk.

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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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