Chernomorsky Shipbuilding Yard of Smart Maritime Group has completed the repair of the marine diving vessel U700 Neteshyn belonging to the Naval Forces of Ukraine.
Investigators and prosecutors of the Prosecutor General's Office of Ukraine are once again conducting searches at shipbuilding enterprises (Kherson, Nikolaev), in the head office of Smart-Holding (Kiev) and in employees’ apartments.
Sergei Glazunov, who earlier was holding the position of an Independent Director of the company since February 2012, and later the position of the Financial Director since November 2014, is now appointed as Chief Executive Officer of Regal Petroleum plc.
Evgeniy Palyenka is appointed as the Financial Director of Regal Petroleum plc. Mr Palyenka joined the company's executive team as an advisor in August 2016.
The daily production of hydrocarbons by Smart Energy Group increased by 20% in the first half of 2017 – from 3,963 boe (barrels of oil equivalent) per day at the end of December 2016 to 4,769 boe per day at the end of June 2017.
The company is sympathetic to the challenging situation Ukraine is facing today, but we believe that only the state is in position to give a clear answer to the question of relevance and necessity to develop its own navy.
Smart-Holding considers the statement made by the Prosecutor General of Ukraine about the arrest of shares in Chernomorsky Shipbuilding Yard (ChSY) (Nikolaev), as well as about the initiation of a pre-trial investigation into alleged abuse of official position by representatives of the State Property Fund of Ukraine (SPFU) and the Ministry of Industrial Policy in making amendments to the shipyard’s share purchase contract, as a pressure on the Company and its shareholder.
Smart Maritime Group (SMG) has invested UAH 30 million in the expansion of its production facilities for the manufacture of metal structures and modernization of the fixed assets at Kherson shipyard.
Kherson Shipyard of Smart Maritime Group has completed a deep modernization of Donmaster Spirit dry cargo ship (Belize colours) and has given it over to the customer.