Interpipe plans to charter a vessel to deliver products to the Middle East

Ukrainian company Interpipe is considering a time charter of a vessel for work on the Odesa – Persian Gulf route.

This was stated by Interpipe’s Director of Procurement and Logistics Oleksiy Yanovskyi in an interview with GMK Center.

According to him, the positive result and accumulated experience indicate that time charter is the right direction for optimizing sea deliveries.

“Currently, the company has certain volumes of shipments to the Middle East, so we are preparing to rent another vessel to work on the Odesa – Persian Gulf ports route. Currently, work is underway to form and stabilize a permanent cargo flow and select potential candidate vessels for long-term lease,” shared Oleksiy Yanovskyi.

In particular, the time charter option is being considered due to the manageability of logistics.

“At the end of last year, Interpipe attracted a Turkish shipowner to supply pipes under a contract with QatarEnergy. The Iskenderun-M vessel was chartered. However, instead of the agreed period of one month, it took three months to reach the eastern coast of the Arabian Peninsula. Accordingly, the cargo reached the client with a significant delay,” said the director of procurement and logistics of Interpipe.

At the same time, the company does not rule out the option of creating its own cargo fleet, but not in the near future.

We will remind you that in the summer of 2024, Interpipe for the first time in its history began to operate a vessel that it took on a time charter.

The vessel was damaged in October 2024 during the shelling of port infrastructure in Odesa. Since then, Interpipe has returned to the practice of chartering on specific routes.