COFCO, China’s largest food processor and trader, plans to invest $50 million to expand grain and oilseeds handling at Mykolaiv, Ukraine’s second largest port. By rebuilding two berths and building a unified transshipment complex, COFCO will increase the port’s cargo traffic by 7%, or 2.3 million tons. Danube Shipping-Stevedoring Company, now fully owned by COFCO, outlined the investment plan last week to Mykolaiv port, rail and Seaport Administration officials, according to the Center for Transportation Strategies.
COFCO, China’s largest food processor and trader, plans to invest $50 million to expand grain and oilseeds handling at Mykolaiv, Ukraine’s second largest port.
