Ukrainian Danube Shipping Company Increases Cargo Transportation By 6% In 1H 2017

31 July 2017 10:13

The vessels of the Ukrainian Danube Shipping Company (UDP) transported 1.165 million tons of cargo in the first half of 2017, which is 6 percent more than they transported in the corresponding period of 2016. The company’s Board Chairman Dmytro Barynov announced this at a press conference on 27 July.

"We transported 1.165 million tons. This is 6 percent more than we transported in the first half of last year. The main types of cargo that are transported up River Danube did not change: iron ore and pellets, which go to the Hesteel Serbia plant in Smederevo. The goods that are transported down the river also did not change: grain from Serbia and Hungary. The grain goes to the Romanian port of Constanta, where it is loaded onto large ships," said Barynov.

In addition, the UDP’s vessels transported 5,400 passengers in the first half of the year. This represents a 35% increase compared with the corresponding period of 2016.

As reported, the UDP’s ships transported 2.8 million tons of cargo in 2016. The company reported a profit of UAH 30 million for 2016.