According to the court’s decision, UTC is entitled to start operations with the container terminal equipment, with immediate effect. “Still we have every reason to believe that the port authority will prevent us from execution of the legal decision,” said Vladimir Popov, Ukrtranscontainer CEO.
According to NCC’s estimates, the timescale to renegotiate contracts with container lines will take about a month, while signing contracts with the terminal workers will take at most two months. NCC will make every effort to ensure that the change of terminal operators will not affect vessel handling.
According to Ukraine’s law, SCPI has 20 days to file an appeal, although this will not cancel or suspend the verdict.
“It took more than a year to reinstate violated rights of the investor and we are going to start operations at the container terminal as soon as possible,” concluded Popov.