ANALYSIS OF THE SHIPPING COMPANIES' ACTIVITY IN UKRAINE

Keywords: maritime transport, water transport, shipping company, profitability, competitiveness, post-war recovery

Abstract

It was challenging to adapt to the conditions of the COVID-19 pandemic. Still, at the beginning of 2022, one could get the impression that Ukrainian shipping companies generally managed to mitigate the consequences of disruptions and shocks. The shipping industry of Ukraine was able to withstand the period of the COVID-19 pandemic, but in February 2022, an unprecedented crisis erupted for the maritime transport of Ukraine due to the full-scale invasion of Russian troops into Ukraine. The work aims to analyze the peculiarities of the functioning of shipping companies in Ukraine. The following methods were used to solve the tasks: comparative analysis and grouping - when studying the activities of shipping companies of Ukraine, systematic structural analysis, and calculation-analytical strategy - when analyzing the efficiency of Ukrainian shipping companies. The activity of shipping companies of Ukraine as a part of the multi-functional maritime transport system was studied. An analysis of the effectiveness of the activities of Ukrainian shipping companies and the level of their technical and technological equipment from the point of view of the impact on the competitiveness of Ukrainian maritime transport on the international transport market was carried out. The analysis of the shipping industry of Ukraine shows the gradual moral aging of its main assets, which are becoming incompatible with modern requirements in terms of technical and technological characteristics. This leads to insufficient use of water transport potential in Ukraine. In addition, the technological procedure of fleet renewal takes more time than a similar process in other transport industry sectors. The results of our research allowed us to conclude that water transport integrates Ukraine's economy into a vast global system that moves more than 90% of world trade by tonnage, including consumer goods, agricultural products, energy, and raw materials. Ukraine's water transport business sector, vessels, infrastructure, and personnel that ensure their operation plays a crucial role in economic prosperity and the protection of national financial security. The shipping industry of Ukraine needs modernization. Its current capacities are significantly limited due to the underdevelopment of information and technological support systems, an outdated fleet of ships, and the lack of the most modern port terminals. Unfortunately, in the post-war period, the water transport of Ukraine will require a comprehensive approach to its restoration.

References

Monios J., Wilmsmeier. G. Maritime governance after COVID-19: how responses to market developments and environmental challenges lead towards degrowth. Maritime Economics & Logistics. 2022. 24(4). P. 699–722.

DOI: https://doi.org/10.1057/s41278-022-00226-w

Lind M., Ward R., Bergmann M., Haraldson S., Zerem A., Hoffmann J., Eklund E. Maritime informatics for increased collaboration. Maritime informatics. Cham: Springer International Publishing, 2020. P. 113–136.

DOI: https://doi.org/10.1007/978-3-030-50892-0_8

Afenyo M., Caesar L. D. Maritime cybersecurity threats: Gaps and directions for future research. Ocean & Coastal Management. 2023. 236 P.

DOI: https://doi.org/10.1016/j.ocecoaman.2023.106493

Pujats K., Golias M., Konur D. A Review of Game Theory Applications for Seaport Cooperation and Competition. Journal of Marine Science and Engineering. 2020. 8(2). P. 100. DOI: https://doi.org/10.3390/jmse8020100

Pereverzeva I., An analysis of development issues and ways to improve the competitiveness of water transport enterprises of Ukraine Danube, Water Transport. 2015. № 2. P. 191–199.

URL: http://nbuv.gov.ua/UJRN/Vodt_2015_2_29

Sadlovska I. Prerequisites for the formation of strategic directions for the development of inland water transport of Ukraine, Collection of scientific works of the State Economic and Technological University of Transport: Economics and Management, 25 (2013) 169–173.

URL: http://nbuv.gov.ua/UJRN/Znpdetut_eiu_2013_25_25

Valiavska N., Organizational and economic mechanism of river ports development of Ukraine, Investytsiyi: praktyka ta dosvid. 2016. 4. P.58–61.

URL: http://www.investplan.com.ua/pdf/4_2016/14.pdf

Інформація про водний транспорт України. / Міністерство інфраструктури України, 2022. URL: https://mtu.gov.ua/content/informaciya-pro-vodniy-transport-ukraini.html

Досьє ДСК "УКРТАНКЕР". / YouControl, 2022.

URL: https://youcontrol.com.ua/ru/catalog/company_details/20959963/

UKRRICHFLOT сьогодні. / ПРИВАТНЕ АКЦІОНЕРНЕ ТОВАРИСТВО СУДНОПЛАВНА КОМПАНІЯ УКРРІЧФЛОТ, 2022.

URL: https://urf.ua/#today

Досьє АСК "УКРРІЧФЛОТ" / YouControl, 2022.

URL: https://youcontrol.com.ua/catalog/company_details/00017733/

Філії: Судноплавна компанія ТОВ СП «НІБУЛОН». / ТОВ СП «НІБУЛОН», 2022. URL: https://www.nibulon.com/data/filii/sudnoplavna-kompaniya.html

Про компанію. / ТОВ Суднопла́вна компа́нія «Укрферрі», 2022. URL: https://www.ukrferry.com/uk/about

Досьє ТОВ "УКРФЕРРІ". / YouControl, 2022.

URL: https://youcontrol.com.ua/catalog/company_details/20957025/

YouControl, 2022. Досьє ПРАТ «УДП».

URL: https://youcontrol.com.ua/catalog/company_details/01125821/

Фінансова звітність. / ПРИВАТНЕ АКЦІОНЕРНЕ ТОВАРИСТВО УКРАЇНСЬКЕ ДУНАЙСЬКЕ ПАРОПЛАВСТВО, 2022.

URL: https://udp.one/ua/informaciya1/finansovaya-otchetnost

Досьє ТОВ "СК"АРГО" / YouControl, 2022.

URL: https://youcontrol.com.ua/catalog/company_details/31319944/

Our fleet. / Argo Shipping Group, 2018.

URL: https://skargo.com.ua/en/our-fleet/

Maritime Profile: Ukraine. / UNCTADStat, 2022.

URL: https://unctadstat.unctad.org/CountryProfile/MaritimeProfile/en-GB/804/index.html

State Border of Ukraine. / Wikipedia, the free encyclopedia, 2022.

URL: https://en.wikipedia.org/wiki/State_Border_of_Ukraine

Транспорт України 2020: Статистичний збірник. / Державна служба статистики України, 2021.

URL: http://www.ukrstat.gov.ua/druk/publicat/kat_u/2021/zb/10/zb_Transpot.pdf.

Monios, J. & Wilmsmeier, G. (2022). Maritime governance after COVID-19: how responses to market developments and environmental challenges lead towards degrowth. Maritime Economics & Logistics. 24(4). Р. 699–722.

DOI: https://doi.org/10.1057/s41278-022-00226-w

Lind, M., Ward, R., Bergmann, M., Haraldson, S., Zerem, A., Hoffmann, J., & Eklund, E. (2020). Maritime informatics for increased collaboration. Maritime informatics. Cham: Springer International Publishing, 113–136.

DOI: https://doi.org/10.1007/978-3-030-50892-0_8

Afenyo, M. Caesar, L. D. (2023), Maritime cybersecurity threats: Gaps and directions for future research. Ocean & Coastal Management. 236 р.

DOI: https://doi.org/10.1016/j.ocecoaman.2023.106493

Pujats, K., Golias, M. & Konur, D. (2020). A Review of Game Theory Applications for Seaport Cooperation and Competition. Journal of Marine Science and Engineering. 8(2). 100. DOI: https://doi.org/10.3390/jmse8020100

Pereverzeva, I. (2015). An analysis of development issues and ways to improve the competitiveness of water transport enterprises of Ukraine Danube, Water Transport, 2. 191-199.

Available at: http://nbuv.gov.ua/UJRN/Vodt_2015_2_29

Sadlovska, I. (2013). Prerequisites for the formation of strategic directions for the development of inland water transport of Ukraine. Collection of scientific works of the State Economic and Technological University of Transport: Economics and Management. 25. 169–173.

Available at: http://nbuv.gov.ua/UJRN/Znpdetut_eiu_2013_25_25

Valiavska, N. (2016). Organizational and economic mechanism of river ports development of Ukraine. Investytsiyi: praktyka ta dosvid. 4. 58–61.

Available at: http://www.investplan.com.ua/pdf/4_2016/14.pdf

Ministry of Infrastructure of Ukraine (2022). General information about water transport of Ukraine. Available at: https://mtu.gov.ua/content/informaciya-pro-vodniy-transport-ukraini.html

YouControl. (2022). Company profile DERZHAVNA SUDNOPLAVNA KOMPANIIA UKRTANKER.

Available at: https://youcontrol.com.ua/ru/catalog/company_details/20959963/

UKRRICHFLOT. (2022). UKRRICHFLOT today.

Available at: https://urf.ua/en/#today

YouControl. (2022). Company profile UKRRICHFLOT.

Available at: https://youcontrol.com.ua/catalog/company_details/00017733/

NIBULON Ltd. (2022). Branches: NIBULON’s shipping company. Available at: https://www.nibulon.com/data/filii/sudnoplavna-kompaniya.html

Shipping Company "UKRFERRY" LLC. (2022). About Company. Available at: https://www.ukrferry.com/uk/about

YouControl. (2022). Company profile Shipping Company "UKRFERRY" LLC.

Available at: https://youcontrol.com.ua/catalog/company_details/20957025/

YouControl. (2022). Company profile PRIVATE JOINT-STOCK COMPANY UKRAINIAN DANUBE SHIPPING COMPANY (PJSC UDP). Available at: https://youcontrol.com.ua/catalog/company_details/01125821/

UKRAINIAN DANUBE SHIPPING COMPANY. (2022). Financial Statements. Available at:: https://udp.one/ua/informaciya1/finansovaya-otchetnost

YouControl. (2022). Company profile SUDNOPLAVNA KOMPANIIA ARHO.

Available at: https://youcontrol.com.ua/catalog/company_details/31319944/

Argo Shipping Group. (2018). Our fleet.

Available at: https://skargo.com.ua/en/our-fleet/

UNCTADStat (2022). Maritime Profile: Ukraine.

Available at: https://unctadstat.unctad.org/CountryProfile/MaritimeProfile/en-GB/804/index.html

Wikipedia, the free encyclopedia (2022). State Border of Ukraine. Available at: https://en.wikipedia.org/wiki/State_Border_of_Ukraine

State Statistics Service of Ukraine. (2021). Transport of Ukraine 2020: Statistical publication.

Available at: http://www.ukrstat.gov.ua/druk/publicat/kat_u/2021/zb/10/zb_Transpot.pdf [in Ukrainian].

Article views: 319
PDF Downloads: 186
Published
2023-04-03
How to Cite
Ilchenko, S., Gryshchenko, V., & Gryshchenko, I. (2023). ANALYSIS OF THE SHIPPING COMPANIES’ ACTIVITY IN UKRAINE. Taurida Scientific Herald. Series: Economics, (15), 66-73. https://doi.org/10.32782/2708-0366/2023.15.8
Section
ECONOMY AND OPERATION OF NATIONAL ECONOMY