Ukrainian Danube Shipping Company plans to modernize its fleet

The Ukrainian Danube Shipping Company has introduced a new Supervisory Board consisting of Ukrainian and European experts and outlined the company's development plan. The strategy for 2025 envisages modernizing the fleet, attracting new contracts, and restoring competitiveness in the region.

This was reported by the press service of the Ministry of Communities and Territories Development of Ukraine.

The purpose of the event was to introduce the Supervisory Board and the company's management, discuss the state of the company and the industry, and plan the first meeting of the Board to be held in early September.

The Supervisory Board includes Ukrainian and European experts, including: Benoît Pleska (Belgium), former chairman of the supervisory board of Ukrposhta; Michael Jorgensen (Denmark), former chief financial officer of Pacific Basin Group; Dennis Lent Olesen (Denmark), chief operating officer of APM Terminals Europe and Africa; Andriy Kashuba (Ukraine), deputy minister of community and territorial development; and Taras Boychuk (Ukraine), World Bank consultant and head of the SPILNO office.

SCREEN SHOT: Ministry of Communities and Territories Development of Ukraine

According to Andriy Kashuba, the development of the Ukrainian Danube Shipping Company is a strategic task for the state, as the company is key to economic security, exports, and fleet modernization. Since 2022, the company has been experiencing serious difficulties due to the loss of most of its cargo base and increased competition.

According to CEO Igor Chertov, UDP's strategy for 2025 includes cost optimization, attracting new contracts in the Black Sea and Danube regions, modernizing the fleet, and creating a training center for crews.

The first meeting of the Supervisory Board was the start of a new management system that will combine the efforts of the state and business to restore the company's competitiveness and develop the Danube region.

A public-private partnership aimed at modernizing the main port terminals and restoring container transportation was also launched in Chornomorsk. The plan is to attract investments worth more than a billion US dollars.

Анна Бальчінос