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Hong Kong's Hutchison Ports has made greater inroads into the Black Sea region, signing a Memorandum of Understanding (MOU) with the government of Ukraine for the development of container terminal facilities at the key Chornomorsk Port, one of the largest ports in the Black Sea, according to Seatrade Maritime.
The port handles a range of cargo including containers, ferries, general and bulk cargoes, SeaTrade Maritime reports.
The agreement was signed by Hutchison Ports Europe Managing Director Clemence Cheng, and Ukrainian Infrastructure Minister Volodymyr Omelyan during his visit to the Port of Felixstowe recently.
Read alsoMaritime sanctions for Crimea made huge gap in Russian trading fleet – analystsCheng noted that Hutchison has long seen the potential for growth in container business in Ukraine and aims to develop world class port facilities there.
Read alsoForeign agricultural companies invest billions in Ukraine’s seaport terminalsNo further details of the deal were revealed.
UNIAN memo: Hutchison Ports is the world's leading port network with over 30,000 employees, operating ports and terminals in 25 countries in Asia, the Middle East, Africa, Europe, the Americas and Australasia.