A state-of-the-art Grain Terminal Neptune (formerly MV Cargo) was opened in Ukraine

17/ 09/ 2019

A cutting edge grain terminal in Ukraine — Neptune (formerly MV Cargo) was opened in port “Pivdenny” (Odesa region) on September 6, 2019.

This terminal is a joint venture project between Ukrainian stevedoring company MV Cargo and American food corporation Cargill. The construction of the terminal is one of the largest investment projects in the agricultural industry in recent memory, was implemented with the support of EBRD and IFC. The project cost is 150 million USD.

The Vice President of Cargill Corporation, Roger Janson, who attended the opening ceremony, noted that  this is a  vital project for Cargill. “MV Cargo creates employment and helps local communities to thrive. It supports Ukraine’s growing agriculture sector, and it will help create economic prosperity through free and fair international trade”, commented Mr. Janson.

Andrey Stavnitser, co-founder of the terminal, recalled the story of negotiations with potential partners on a future joint project. “The project was too big. It was clear that it’s only up to us and Cargill to implement such project in our country. Five years have passed since then, and here we are. One thousand days on and after 150 million USD spent, we created a dream terminal. Its right there, across the street, shimmering in the sun,” — said Andrey Stavnitser.

According to Philipp Grushko, project executive, the new terminal is the fastest export terminal in Ukraine. “Deep-water berth, one-time storage capacity, alongside with the infrastructure of the largest seaport “Pivdenny” allow us to load vessels, like that 190-meter-long bulk carrier moored to the terminal berth, in less than 24 hours. Thus, we can provide the most efficient and fast service to our customers, who provide for the distant Asian markets, and help our farmers be more competitive.” — claimed Mr. Grushko.

During the official opening ceremony, the first vessel, the STAR ERACLE, was moored to the berth of the Neptune Terminal (Berth №25). The vessel entered for loading of almost 56,000 tons of grain.

Also, at the grand opening, the terminal was solemnly assigned the name ‘Neptune’. As explained by the company’s executives, MV Cargo is the name of the company that implemented the project, and the terminal should have its own name.  The name “Neptune” was chosen among several hundred variants.

The project capacity of the first stage of the terminal – 5 million tons of grain per year. It can store up to 290,000 tons of grain at a time in a flat storage warehouse together with 14 silos bins. It has been operating in test mode since the summer of 2018 and has already processed more than 1.8 million tons of grain. The terminal will provide 500 work places, while its activity will provide Ukraine with at least 600 million UAH in taxes and fees and about 8 million USD of port fees annually.

MV Cargo Press Office

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