The Yuzhny Port Authority’s revenue increased 2.1-fold to UAH 1.95 billion in 2015, compared with 2014. The Yuzhny Port Authority’s head of Maksym Shirokov announced this at a press conference, the CFTS correspondent reports.

According to him, the port authority’s main sources of revenue were port charges, which amounted to UAH 1.6 billion (USD 73.84 million) or 82.1% of its total revenue for the year. Port charges increased by nearly 10% in US dollar terms to about USD 6.5 million. "We are doing everything to ensure that they increase, including abolition of discounts, continuation of dredging operations, etc.," Shirokov said.

The port authority’s additional revenue resulting from the cancellation of the discounts on port charges amounted to UAH 315.9 million in 2015 alone. In the entire period since the date of cancellation of the discounts (since July 2014), the port authority’s revenue have amounted to UAH 415 million.

Tonnage dues accounted for 72% of the port charges. The Yuzhny port levies channel, mooring, sanitary, and several other charges.

As reported, the Ukrainian Seaport Authority has said that the Yuzhny port’s berths processed 48.582 million tons of cargo in 2015, which is 2.4% more than the volume they processed in 2014.