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Search resuls for: "Constanta Port"


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Agriculture has suffered losses of over $25 billion since the war began, Ukrainian grain trader association UGA estimates. Ukraine's grain exports so far in the 2023/24 season that started in July are running 28% below the year-earlier volume, according to agriculture ministry data. A new Black Sea shipping channel may offer a lifeline, like for Ukraine's depleted steel industry. An additional 943,000 tons should leave from Black Sea ports and 464,000 tons from the Danube by the month-end. A Russian missile strike on port infrastructure in Odesa on Nov. 21 added to a series of attacks on Ukraine's Black Sea and Danube grain ports.
Persons: Stringer, Jean, Francois Lepy, Dmitry Skornyakov, Denys Marchuk, Skornyakov, Yuriy Stelmakh, Roman Gorobets, Soliman, Scott Wellcome, Pavel Polityuk, Gus Trompiz, Nigel Hunt, David Evans Organizations: REUTERS, Agriculture, UGA, Spike, Agrarian Council, FE ASTRA, Kremlin, Mediterranean, Thomson Locations: Ukraine, Zaporizhzhia region, PARIS, Russia, UN, Geneva, Black, Russian, Odesa, Romania's Constanta, Brazil, Egypt, GoodMills, Kyiv, Paris, London
The Romanian government has said it aims to double the monthly transit capacity for Ukrainian grain through its Constanta port to four million metric tons in the coming months from virtually zero before the Russian war started. In August, roughly 2.7 million tons of Ukrainian grain passed through Constanta, Comvex manager Viorel Panait said in an interview with Reuters. Port operator SOCEP S.A. (SOCP.BX) said it had paid 10 million euros for new equipment at its grain terminal silo and ship loader. "I would say more than half of the port's 13 grain operators are already authorized or in the process of being so." A government source told Reuters Constanta now had a logistics capacity of 40 million tons of grains per year, sharply higher than its annual record high 25 million tons set in 2021.
Persons: George Calin, Viorel Panait, Panait, Gabriel Techera, Luiza Ilie, Sharon Singleton Organizations: REUTERS, Rights, Reuters, Union, NATO, Moldovan, Decirom S.A, SOCEP S.A, Constanta Port Business Association, Thomson Locations: Constanta, Romania, Rights BUCHAREST, Romanian, Black, Ukraine, Moscow, Ukraine's, Russia, Ukrainian, Vadul Siret, Dornesti, Reuters Constanta
By comparison, Romanian port operators handled 8.6 million tonnes of Ukrainian grain in the whole of 2022. At its peak so far, Constanta handled 25 million tonnes of grain per year, which Panait said will be exceeded in 2023. "There is an accelerated course and everyone on it, the state, the port authority, port operators aim to boost operating and transit speeds, and the grain quantities," he said. Freight logistics group TTS (TTS.BX), which handles agricultural products, minerals and chemicals on the Danube river, completed the takeover of Constanta port solid bulk cargo operator Decirom S.A. earlier this month. It is one of five eastern EU countries that experienced an influx of Ukrainian grain as a result of Russia's invasion, leading the EU to approve temporary restrictions that meant grain could only transit through the countries.
Persons: Viorel Panait, Panait, TTS, Izmail, Luiza Ilie, Barbara Lewis Organizations: Monday, Constanta Port Authority, Reuters, Constanta Port Business Association, Freight, Decirom S.A, EU, Thomson Locations: BUCHAREST, Romania's Constanta, Russia, Constanta, Hungary, Serbia, Romanian, Romania, Ukraine, Reni, Ukrainian, Vadul Siret
Romanian port operators shipped 8.6 million tonnes last year, and 6.3 million tonnes in the first five months of 2023, the Constanta Port authority told Reuters. The port handled 12.17 million tonnes of grains overall in the first five months, a 21% jump on the year. "There are premises that Constanta Port will see a new traffic record," the authority said. As a result, the port could be overwhelmed, even if Black Sea grain initiative is extended, according to Cezar Gheorghe of Romanian grain market consultancy AGRIColumn. The port has a storage capacity of 2 million tonnes, but flows need to be stringently separated for origin certification.
Persons: Cezar Gheorghe, Gheorghe, Luiza Ilie, Marek Strzelecki, Pavel Polityuk, David Evans Organizations: United, Constanta Port, Reuters, AGRIColumn, European Union, EU, Thomson Locations: BUCHAREST, Constanta, Romania, Ukraine, United Nations, Turkey, Romanian, Constanta Port, Moldova, Odessa, Istanbul, Russian, Suez, Western Ukraine, Bucharest, Europe, Warsaw
Summary Russia has threatened not to extend Black Sea grain dealUkraine underlines importance of Danube River exportsUkraine also exports via Romanian port of ConstantaKYIV, June 27 (Reuters) - Ukraine must be ready to export grain almost exclusively via its Danube River ports because Russia is effectively blocking Black Sea shipments, the Ukrainian Sea Ports Authority said on Tuesday. The United Nations and Turkey brokered a deal between Moscow and Kyiv last July on the safe passage of Black Sea grain to help tackle a global food crisis worsened by Russia's invasion of its neighbour and a blockade of Ukrainian Black Sea ports. With a working grain corridor, about half of its agricultural exports are shipped via Black Sea ports, a quarter pass through its Danube ports and a quarter go via its western border. ROMANIAN TRANSITThe sea ports authority said this month three Ukrainian Danube river ports had exported a record 3 million tonnes of food in May. Ukrainian officials have said transit via Romanian territory to Constanta port on the Black Sea will also be critically important if Russia quits the Black Sea grain deal.
Persons: Dmytro Barinov, Denys Shmyhal, Pavel Polityuk, Timothy Organizations: Ukrainian Sea Ports Authority, United, Ukrainian, Facebook, Kyiv, Romanian, Timothy Heritage, Thomson Locations: Russia, Black, Ukraine, Constanta KYIV, United Nations, Turkey, Moscow, Ukrainian, ROMANIAN, Constanta
[1/2] A view of the cereal terminal with grain silo in the Black Sea port of Constanta, Romania, May 11, 2022. The harvest season begins around July, when Ukraine's Black Sea grain corridor could collapse, and it typically runs until October. At its peak, Constanta port handled roughly 25 million tones of grain exports a year. Agritel estimates its wheat harvest at 8.76 million tonnes, while grain trade association Coceral sees it at 9.57 million tonnes and Romanian consultancy AGRIColumn at 10.5 million tonnes. By comparison, Romanian consultancy AGRIColumn expects Romania will have up to 21 million tonnes of grains and oilseeds available to export in the 2023/2024 season.
Persons: Olimpiu Gheorghiu, Coceral, AGRIColumn, Luiza Ilie, Louise Heavens Organizations: REUTERS, Union, United, Reuters, European Union, EU, Thomson Locations: Black, Constanta, Romania, BUCHAREST, Ukraine, United Nations, Turkey, Brussels, Kyiv, Romanian
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