FELIXSTOWE, UK: December 19, 2016. Hutchison Ports has signed an MoU with the Ukraine government to develop container facilities at the port of Chornomorsk on the Black Sea.
According to Ukraine agribusiness consulting company UkrAgroConsult, last month Chornomorsk was visited by the China National Complete Engineering Corporation (CCEC) with a view to establishing a joint venture with the State Food Grain Corporation of Ukraine.
The CCEC holds a contract to purchase Ukraine grain exports under a US$1.5 billion loan from the Export and Import Bank of China and is interested in developing the port's existing grain terminal to handle five million tonnes a year and vessels up to 100,000 dwt.
UkrAgroConsult noted China has set up a €10 billion investment fund to finance infrastructure and other projects in Central and Eastern Europe.
Situated 20 kilometres south of Odessa with a rail link to Kiev, Chornomorsk is one of the largest ports in the Black Sea and handles a range of cargo including containers, RoRo, general and bulk cargoes.
The Ukraine government MoU was signed by Volodymyr Omelyan, Ukraine minister of Infrastructure and Clemence Cheng managing director Hutchison Ports Europe: "We have long seen the potential for growth in container business in Ukraine and look forward to working together with the Ministry of Infrastructure to realize our shared aim of developing world class port facilities to facilitate trade," Cheng declared.
Minister Omelyan added: "I am glad that the world's leading port operator enters Ukraine's maritime market. Government is committed to finalize the agreement and to close the deal in 2017."