Hamburg co. to invest $400m in the port of Odessa

A Hamburg-based company intends to invest in the development of the port of Odessa $400 million. This was announced during a meeting of the first vice-mayor of Odessa Sergey Chernenko with German Ambassador to Ukraine Hans-Jurgen Heimsoeth and the German Consul in Odessa Alexander Kifak, Glavred agency reports. Details of the port project were not specified.

State-owned Odessa Commercial Sea Port is one of the largest ports of the Black Sea-Azov Basin. The OCSP is capable to handle annually over 14 million tons of dry cargo and 14 million tons of liquid bulk cargo. In 2009, the OCSP’s cargo throughput shrank by 19% year-over-year, to 28.007 million tons.
(Source:http://en.portnews.ru/)