ChSY Shareholders Approve Company's 2015 Performance Report


The shareholders of Chernomorsky Shipyard approved the company's 2015 financial performance report.

The respective decision was made at the regular shareholders' meeting on Thursday, April 21. The shareholders owning in total 99.99% of the company's shares were present at the meeting.

They approved the directors' and supervisory board's report, determined the loss cover procedure and made amendments to the company's articles of association.

Besides, the shareholders made some changes to the membership of the shipyard's supervisory board. Nipolort Investments Ltd., Nourteno Holdings Ltd. and Prastol Servises Ltd. were removed from the supervisory board. Instead, Zhanna Pavlova and Aleksey Geranin were elected as the supervisory board members, and Anton Sotnikov as an independent director. Zhanna Pavlova had filled the office of Chernomorsky Shipyard's corporate secretary from June 2008 to October 2014. Aleksey Geranin had been the shipyard's leading legal advisor from February 2011 to October 2012. Anton Sotnikov, in his turn, had been in charge of the Law and Security Department of the Pallada state-owned plant in Kherson till July 2015.


ChSY is a shipyard with the highest technical potential in Ukraine. The plant has two inclined staples (‘0’ and ‘1’) for construction of ships and vessels with displacement of up to 105,000 tonnes. Flow-line and positional production system is designed for a serial production of vessels with deadweight of up to 9,000 tonnes. The production sites and ship assembly line are located in one sheltered building approximately 400 m long. The shipyard's facilities are sufficient for it to perform the commissions of iron and steel, machine-building, oil and gas companies, etc.

The company managed to pare its net losses by 5.6 times in 2015 bringing them down to UAH 47.7 million. Last year, ChSY paid UAH 7.7 million to the budgets of all levels in taxes and mandatory payments. As at year-end 2015 and as of April 1, 2016, the company had no outstanding debt in tax payments and wages. The average salary at the company amounts to UAH 5,097.