NEWS

As Ukrainian media outlets said with a reference to the grain trader’s press service, a grain transshipment contract between Nibulon, one of Ukraine’s largest grain market operators, and Romania’s Transport Trade Services (TTS) has been extended for a new season.
According to the press service, the two years of productive cooperation between the two companies were logically continued by this decision. 3.5 million tonnes of Nibulon’s cargo were transshipped by TTS during this time. Transshipment of 1.6 million tonnes of grain is already envisaged by the new contract in this season.
Food-grade wheat is transported by the CNFR NAVROM SA company from Izmail, Odessa region to Romania’s Constanta at present. 63,000 tonnes of cargo were also transshipped on the Wadi Tiba bulk carrier using a crane vessel and the delivery and loading of 30,000 tonnes of rapeseed on the Amalia vessel were ensured by TTS Operator S.R.L. They expect the third vessel to arrive this week and 32,500 tonnes of Ukrainian feed wheat to be loaded on it.
Nibulon Logistics Director Sergei Kalkutin said that an effective partnership with the TTS company has been established in the past two years. The process has been optimized and delivery expenses have been reduced due to the implementation of a complex solution with a consistent and steady cargo flow, which makes competition with the Greater Odessa ports possible. It is also important to maintain the shipment volumes they have already reached. A declining cost of freight rates from the Ukrainian ports on the Black Sea makes the logistics chain of Danube-Constanta shipments become $10 more expensive compared to the Greater Odessa ports. Because of this, finding opportunities to organize a steadier shipment flow and minimize expenses on all stages of our logistic chain to Constanta is important.
Established in 1991, Nibulon owned 27 transshipment terminals and complexes for receiving crops with combined storage capacity of 2.25 million tonnes, a fleet of 83 vessels, including 23 tugboats, and the Nikolayev Shipyard before the start of the crisis.
82,000 hectares of land in 12 regions of Ukraine were cultivated by Nibulon and agricultural products were exported to over 70 countries. 5.64 million tonnes in 2021, including 700,000 tonnes in August, 1.88 million tonnes in the second quarter, and 3.71 million tonnes in the second half of the year was the peak of the company’s exports of agricultural products.
Now Nibulon’s headquarters have been moved from Nikolayev to Kiev and the company operates at 32% of capacity.
NH Logistics UKR has been offering IOR Importer of Record and EOR Exporter of Record services since 2001 and is a market leader in Ukraine and Eurasia, supporting many clients with their import/export shipments.

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According to the Institute for Economic Research and Policy Consulting (IER) quoted by Ukrainian media on Tuesday, exports of goods from Ukraine decreased by 7% in June 2024 year-on-year to its all-time low of $2.77 billion since the beginning of this year.
IER’s foreign trade monitoring showed a drop of exports of agricultural products by 2% to $1.60 billion and a 12% increase of exports of specific products. Different exports developed in different ways. For example, corn exports rose by 21%, while wheat and oil exports fell by 32% and 5%, respectively.
A slump by more than 9% to $355 million year-on-year was demonstrated by exports of metallurgy products in June. As the IER said, higher energy costs and a change in the structure of exports probably caused this problem: the decline of exports of pig iron and certain types of rolled products was accompanied by the rise of exports of semi-finished and other products.
Meanwhile, a 33% surge was shown by exports of mineral products, especially iron ore, but they couldn’t surpass the results reached in January-April 2024.
According to the IER, the volume of iron ore exports in tonnes rose by 87% in June, though it was lower than in January-April 2024, due to the resumption of exports from the Odessa ports.
The increase of exports of mineral products reached only 33%.
Almost no changes were recorded concerning imports in June compared to May, but they grew up by12% year-on-year and attained $5.63 billion.
In specific sectors the rise of imports of machinery and equipment in June 2024 attained nearly 20% year-on-year (especially imports of drones, batteries, and generators), while lower import prices caused a slight fall of imports of vehicles in dollar terms.
Higher imports of coke and coal caused by the needs of the metallurgical industry, where steelmaking was ramped up, led to a soar by 16% year-on-year of imports of energy products.
It was accompanied by a drop of imports of chemical products and food products.
Imports of “other goods” (primarily purchased for the needs of the Ukrainian Armed Forces) grew up, which caused the import of as much as $752 million worth of goods under this category into Ukraine, compared to $400 million in the previous months of the year.
The IER reports the rise of imports of the electricity from $6 million in June 2023 to $78 million in June 2024, as well as batteries from $18 million a year earlier to $68 million in June 2024 due to the shortage of electric power.
NH Logistics UKR has been offering IOR Importer of Record and EOR Exporter of Record services since 2001 and is a market leader in Ukraine and Eurasia, supporting many clients with their import/export shipments.

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