Kernel to complete restoration of its Chornomorsk Transbulkterminal in October, returning to pre-war capacity

Kernel plans to complete the restoration of its Transbalkterminal in the port of Chornomorsk in October after it was damaged by a russian attack. The terminal will be brought back to its pre-war handling capacity, according to the company’s report for the 2025 financial year, which ended on June 30.

“In October 2025, the reconstruction of the Group’s grain transshipment terminal in Chornomorsk, damaged by a russian missile strike in 2023, is expected to be completed. Once operational, the terminal’s handling capacity will be fully restored to its pre-war level of 10 million tons per year,” the report said.

The August 19, 2023, missile strike on the port caused severe damage to the terminal, destroying storage facilities, receiving infrastructure, loading equipment, and grain stocks. As a result, storage capacity decreased by 136,000 tons, and annual transshipment capacity dropped by 2 million tons.

Given the uninterrupted export operations since October 2023 — which restored business confidence and underscored the facility’s strategic importance — the company decided to proceed with reconstruction.

In FY2025, Kernel invested $11 million in the project, with commissioning scheduled for October 2025. The total investment is expected to reach $19 million.

Over the past year, the group also successfully restored two grain elevators damaged by missile strikes in 2023–2024, returning them to full storage capacity.