Nibulon has fully repaid its investments in the terminal on the Danube
6.12.2024 - 12:00
Since its opening, the Bessarabska branch has shipped over 3.8 million tons of grain and oilseeds.
This was reported by the company’s CEO Andriy Vadaturskyi.
According to him, since the beginning of the war, Nibulon has been in survival mode.
“We are talking about a choice between bankruptcy and the need for change. This year, against the backdrop of the company’s transformation, our focus was on achieving greater efficiency,” the CEO of the agricultural holding emphasized.
Currently, the company’s war losses amount to $0.5 billion. Despite this, Nibulon has completely restructured its loan portfolio with all banks in Ukraine.
The CEO also said that in the conditions of the destruction of export channels, the company invested $22.5 million and built a new transshipment terminal – the Bessarabska branch in the Danube ports in record time.
“This made it possible to resume purchases and exports through Romanian Constanta at a time when the ports of the greater Odessa were idle, and to achieve record volumes of transshipment of 250 thousand tons of grain per month,” shared Andriy Vadatursky.
Also this year, for the first time in its history, “Bessarabska” shipped a sea-freight coaster with further direct follow-up to Turkey.
Currently, “Nibulon” continues to increase the share of transportation by its own transport, which guarantees a reduction in the cost of services. The company plans to work on expanding the geography of their provision on the Middle and Upper Danube.
“We are involving our government in the further development of Danube ports. Now they need support by reducing port dues and increasing the flow of Ukrainian grain through Constanta as an alternative hub for raid transshipment,” shared the CEO.
In particular, Vadatursky emphasized that they are not abandoning the matter of opening a port in the city of Mykolaiv.
It should be noted that this year the company’s export volumes are 3,126 thousand tons, and the market share is 5%.
Read also: In 2025, Nibulon plans to invest in digitalization and AI.
