The Yuzhny Commercial Seaport processed 97 vessels, more than half of which were Capesize-class bulk carriers with 170,000-200,000-ton deadweights, in the first half of 2017, the CFTS portal reports, citing information from the seaport.

The Yuzhny seaport also handled 6.6 million tons of cargo in the first half of 2017.

Of the total volume of cargo handled by the Yuzhny seaport, export cargoes accounted for 76.3% (5.047 million tons), import cargoes 18% (1.191 million tons), and transit and cabotage cargoes 5.7% (0.362 million tons). Out of the 6.6 million tons of cargoes, 85% were handled with the help of large-tonnage vessels (with cargo capacities of more than 170,000 tons).

According to the Yuzhny seaport, 97% of the total volume of cargoes it handled belonged to the SCM Group’s enterprises, of which about 24% were imported coal and 76% were ore and metal (Metinvest).

The Yuzhny seaport accounted for 20% of the total volume of towing services provided in the port basin during this period. The port’s tugs exceeded the target for provision of towing services by 62% or UAH 28 million in the first half of 2017.

"On average, the enterprise handled more than 1 million tons of cargo per month from the beginning of the year, making it the first among Ukrainian state stevedoring companies. The seaport set the record for the speed of loading vessels on June 5, when 86 000 tons of iron ore was loaded onto the Frontier Garland vessel in 24 hours," he Yuzhny Commercial Seaport’s Director Vitalii Zhukovskyi said.

The Yuzhny seaport also paid a total of UAH 395.7 million in taxes into the state budget and local budgets in the first half of 2017.

As the CFTS reported, the Cabinet of Ministers approved the Yuzhny seaport’s financial plan for 2017 in in May. The financial plan provides for EBITDA of UAH 1.078 billion, revenues of UAH 2.247 billion, and a net profit of UAH 782.5 million in 2017. 

The revenue target for 2017 exceeds the seaport’s actual revenues in 2016 by 8.9%, its net revenue by 18.8%, and its net profit by 34.8%.

The financial plan for 2017 also provides for handling 15.1 million tons of cargo, a figure that is 22.6% higher than the actual figure for cargo handling in 2016. 

According to the financial plan, capital investments should amount to UAH 377 million in 2017. In particular, it provides for spending UAH 35 million on construction of a backup power supply system, UAH 10 million on construction of access railways, UAH 27 million on reconstruction of the seaport’s coal and ore complex, and UAH 15 million on utility networks and facilities. In addition, the financial plan provides for spending UAH 138 million on intra-port mechanization machines and lifting equipment and UAH 83 million on repairs.