In 2014/15 MY, NIBULON Group handled and shipped for export more than 4.2 million tons of grains and oilseeds according to the bills of landing and about 4.1 million tons according to the customs declarations, i.e. an official statistics of the State Customs Service of Ukraine (the difference will be depicted in July 2015/16 MY), out of which more than 1.1 million tons were handled (transshipped) in the outer roads of Mykolayiv Sea Port. The company involved 113 cargo foreign going vessels to transport cargo to foreign ports. An average shipload comprised 31.2 thousand tons.
There is a tendency on the domestic export market. Thus, in 2007/08 MY, NIBULON Group’s share in total exports comprised 20,5 % of the total amount, or more than 977 thousand tons. In 2014/15 MY, the company’s exports reached about 4.1 million tons, and NIBULON Group’s share reduced to 10,6 % of the total amount. These changes were caused by increasing competitiveness on the Ukrainian export market. According to APK-Inform Media Group, from 2007/08 MY till 2014/15 MY, the number of foreign economic entities that export grains and oilseeds increased 3,5 times as many – from 374 to 1,346 companies; in 2014/15 MY – 29,5 % as opposed to 2013/14 MY, or 307 companies.
Fluctuations in the Ukrainian national currency rate resulted in a sharp increase of exporters. Aiming to reduce loss risks caused by currency rate fluctuations, the agricultural producers are searching for an opportunity to acquire foreign currency by selling grain, i.e. to become entities of foreign economic activity. NIBULON Group is of use to them. By the company’s activities in 2014/15 MY, the grain share of third-party companies in Group’s total exports comprised 31% – more than a two-times increase as opposed to 2013/14 MY, when the grain share of third-party companies comprised only 13 %. Please note that in the first quarter of 2015 the share of third-party companies in NIBULON Group’s total exports reached 38%.
According to the Ports of Ukraine, NIBULON’s main export terminal in Mykolayiv city entered the top three Ukrainian stevedoring companies by its cargo turnover figure in 2014, having been second only to TIC Group (Yuzhne town) and Brooklyn-Kyiv Ltd. (Odesa city). Thus, the company has left behind other 34 competitors and demonstrated one of the highest coefficients of a one-time storage capacity turnover – 30 turnovers per year. By the way, the river capacity of NIBULON’s transhipment terminal (Mykolayiv city) is 6.5 million tons, says the Ports of Ukraine editorial staff.
In addition, NIBULON has been purposefully investing considerable funds in the reviving and development of the Ukrainian river logistics. In 2014/15 MY, NIBULON’s shipping company rendered services on transportation and delivery of grain crops by waterways in Ukraine as well as loading and unloading operations in the outer roads of Mykolayiv Sea Port in the total amount of more than 89 thousand tons. The shipping company rendered services to State Food and Grain Corporation of Ukraine, Hermes Trading Ltd., Noble Resources Ukraine Ltd., VIALANTA Ltd., CHERLIS Ltd., ARENA MARINE Ltd.
Speaking about the rating of activity results in 2014/15 MY, it should be noted the following.
According to APK-Inform Media-Group Ltd. data, NIBULON maintained leading positions in wheat exports in 2014/15 MY, having achieved 10,5% of Ukraine’s total exports.
In 2014/15 MY, the company maintained leadership in sorghum and sunflower exports, having achieved 46,2% and 36,3% of Ukraine’s total exports respectively.
Corn is the major grain export resource in Ukraine. In 2014/15 MY, NIBULON was ranked in second place among corn exporters with the share of 6,5%.
NIBULON demonstrated high results in rapeseed exports as well. The company achieved almost 12% of the state’s total amount.
As about barley, the company took third place with a 10% result in the exporter rating.
The geographical spread of NIBULON’s exports covered 30 countries in 2014/15 MY. Egypt remained the country-leader in commodity imports – 25 % or every fourth ton of grain shipped by NIBULON. Spain was ranked in second position (10%), and Saudi Arabia kept third position (8%).
In 2014/15 MY, the company traditionally supplied agricultural products to Middle East countries (29%), European countries (18,6%) as well as African countries (41%). It should be noted that NIBULON aims to expand product markets. China (2,8%), Thailand (1,2%) and Mexico (1,05%) were new export directions in all aspects for NIBULON in 2014/15 MY. Mexico is worth noticing in terms of its geographical distance from Ukraine and proximity to the leading agricultural producers, such as the USA and Argentina that traditionally lead on the Western hemisphere markets.
The total rating results have testified NIBULON’s absolute leadership in the rating of Ukrainian grains and oilseeds exporters – 8,1%
Rating of Ukrainian grains and oilseeds exporters in 2014/15 MY
Rating of Ukrainian oilseeds exporters in 2014/15 MY
Rating of Ukrainian grains exporters in 2014/15 MY
In 2015/16 MY and within the next marketing years, NIBULON Group plans to increase shipments up to 5 million tons, firstly, due to Chinese and Iranian perspective product markets, and also to expand its export geographical spread that numbers 64 countries at present. The company also plans to render more services on handling and transshipment of grain cargoes at Mykolayiv transshipment terminal. The company has already signed an agreement for handling and transshipment of grain with ADM INTERNATIONAL SARL (Switzerland). ADM INTERNATIONAL SARL first vessel is planned to be loaded at the end of July 2015.
