Market Analysis

in the first half of the Ukrainian seaport increased profits by more than 3 times. The total net profits of these enterprises has increased to almost 1 billion UAH. In doing so, even in the first half of last year, the total earnings of seaports of Ukraine did not exceed 290 mln.

biggest profit in January-June was the port of South. His earnings for the half year increased by 4 times - up to 308.9 mln. This figure allowed him to get ahead of the largest in Ukraine Odessa Sea Commercial Port, the net profit grew by less than 2-fold - from 107.9 to 209.4 mln. - As compared with that of last year.

Our profits increased by exchange rate differences: Rates for our services are in U.S. dollars, which increased in relation to UAH for the crisis in one and a half times, - said Head of the Development and External Relations of the Odessa Sea Commercial Port, Mikhail Shaposhnikov.

In addition, in favor of the budgets of ports has also increase fees and package rates - rates for loading and unloading operations, made the ports. Thus, in comparison with September last year, port charges in Ukraine increased by 58% and the lump-sum rate - more than 40%.

The third result of the volume of remittances in the first half of funds - at Illichivske port, which increased its profit by 5 times. As a result, the ports in the first half were 162.3 mln. profits.

Partly it was due to tariff increases, in part - due to exchange rate differences, although to a lesser extent. But mainly by improving the efficiency of the enterprise, - noted the Head Illichivske port Gennadiy Skvortsov.
Increased profits

sea ports has increased revenue for state coffers: the sum of payments to the state budget from the ports in January-June amounted to 758.5 mln. This figure is 2.5 times higher than the amount paid to the ports of Ukraine in the first half of 2008.

However, in the ports of fear that the reduction of port charges by 20%, the planned Cabinet under pressure from grain traders, can lead to loss of most of the ports of profit. Port activity requires continuous investment, because the purchase of a crane - it is 6 million euros and the construction of the pier - 50 million euro, - said Mikhail Shaposhnikov.

According to the ports, reduction of port charges - is meaningless because it does not lead to an increase in cargo handling, as the government expects. The overall flow of goods, which goes through Ukrainian ports will remain as it is formed on the basis of the relationship between producer and consumer, - sure Gennadiy Skvortsov.

Ol'ga Dzhelebova

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