The Smart Maritime Group (SMG), a shipbuilding company that is part of the Smart Holding group, increased its output by 49% to UAH 395 million in 2016, compared with 2015.

The main contract was for construction of a 22-meter garbage oil collector vessel called Sea Ant for the Yuzhny seaport at the Kherson shipyard, which is part of the Smart Maritime Group. The order for the ship was placed in late 2015 at the cost of UAH 100 million.

In addition, the Smart Maritime Group repaired or modernized 46 vessels last year, including the Mykolaiv border patrol ship belonging to the State Border Guard Service of Ukraine.

The Smart Maritime Group continues to develop its mechanical engineering and metal processing capacities. Contracts worth UAH 9 million were implemented at the group’s engineering facilities during 2016. The group’s the main customers include the Metinvest group, Yugcement, and others.

The Smart Maritime Group, which is the largest shipbuilding holding in Ukraine, comprises the Kherson shipyard and the Black Sea shipyard.