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Neptune Terminal passed 3 million transshipment mark

20 January 2020, 11:32

Neptune Terminal passed 3 million transshipment mark

The terminal has been operating in test mode since June 2018. Photo: Neptune, Facebook

As of 19 January 2020 since the beginning of operation in June 2018, Neptune grain terminal handled more than 3 million tons of grain at Pivdenny sea port. It was reported by press service of the stevedore.

 ‘Yesterday, the cargo turnover of our Neptune grain terminal exceeded three-million mark. It is an excellent pace’, reads the statement.

From the beginning of operation in test mode in June 2018, the terminal handled more than 2.3 million tons of grain as of 14November 2019, the main nomenclature is wheat and corn.

The terminal's grand opening took place on 6 September 2019. Executives of the global commodity trading companies ‘Cargill’ and ‘MV Cargo’ attended the official opening ceremony.

MV Cargo commenced construction of a grain terminal at Pivdenny port in March 2016. The annual design capacity of the terminal is 5 million tons. The facility includes 14 silos with a capacity of 15 thousand tons and a warehouse for floor storage of grain with a capacity of 80 thousand tons. The terminal is equipped with its own railway and road infrastructure. A vehicle unloading station is capable of passing 790 vehicles per day, a wagon unloading station - 256 wagons per day.

The total stated cost of construction of the terminal amounted to USD 150 million. The European Bank for Reconstruction and Development and the International Finance Corporation allocated USD 37 million for the project.

In August 2015, the global commodity trading company ‘Cargill’, ‘MV Cargo’ and the State Enterprise ‘Ukrainian Sea Ports Administration’ (USPA) signed a tripartite memorandum of intent to implement an investment project for construction of grain terminal in Pivdenny port. According to the project, MV Cargo constructed ground terminal facility, the USPA ensured creation of shipping operational water area of berth No. 25 as well as entrance canal to berth No. 25. The memorandum stipulates Cargill’s intention to acquire 51% of the terminal.

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