Ukraine's government cuts harbor dues by 20%
Ukraine's government cuts harbor dues by 20%
2018-01-12
The Cabinet of Ministers of Ukraine cut the harbour dues by 20% from January 1, 2018.

The Cabinet of Ministers of Ukraine agreed to reduce tonnage, canal, light, sanitary, anchor, private and administrative harbour dues by 20% from January 1, 2018.

The government agreed with the idea suggested by the Ministry of Infrastructure, which would cut ship, canal, lighthouse, sanitary, anchor, berth and administrative port dues and approved the 0.8 coefficient. Therefore, an agreement to cut reduce port dues by 20% was made.
In December 2017, the Cabinet of Ministers lowered the bar of the required net profit the state-owned enterprise Ukrainian Sea Port Authority must send to the state budget from 75% to 50%. 
 
This solution will produce a comprehensive effect: reduction in the logistics costs, increase in the volume of transshipment by Ukrainian ports, higher competitiveness, and as a result Ukraine’s involvement in the international transport corridors, development of the New Silk Road.

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