Nibulon to invest US$30M in grain handling expansion

Since August 2023, over 36 million t of cargo have been exported via the Ukrainian sea corridor, surpassing the figures of the Grain Initiative’s inaugural year.

Russia’s vice-premier Marat Khusnulin anticipates that Mariupol alone could handle as much as 1 million tons per annum of various cargoes in 2024.

A total of 5.2 million tons of cargo were transported through port stations in February 2024, and 2.6 million tons through western border crossings.

Nibulon, one of Ukraine’s leading grain traders, is to invest up to US$2B within the next decade to upgrade Egypt’s grain storage and transport infrastructure.

Around 25 domestic and foreign investors have shown interest in the forthcoming concessions for the Ukraine Black Sea harbours of Kherson and Olvia.

Italy-based Bedeschi has reported an agreement to supply equipment for a new grain terminal in the port of Chornomorsk, Ukraine.