The attraction of new cargo flows and opportunities of investing into port infrastructure have been discussed by representatives of large South Korean companies POSCO and POSCO Daewoo and top managers of Chornomorsk port (earlier Illichivsk seaport, Odesa region).

The port's press service reported that at a meeting on September 8 Port Director Serhiy Kryzhanovsky pointed out a unique geographic location of the port, its developed infrastructure and transport hubs, availability of 28 berths and skilled specialists and experience in handling large-capacity fleet.

"Chornomorsk port is one of the largest stevedoring companies in Ukraine. We are ready to expand our cooperation," he said.

The press service said that representatives of South Korean companies visited the port's terminals and studied the production facilities. The visitors showed large interest in the port's experience in handling large-tonnage vessels of capsize type.

POSCO (Pohang Iron and Steel Company) is a multinational steel-making company headquartered in Pohang, South Korea. It is a large global steel producer. Its subsidiary POSCO Daewoo is a leader in trading with grain, coal, materials, steel products, chemical materials and fertilizers.