Ukrainian grain producer Nibulon is to expand its shipping fleet with new vessels at its own shipyard.

The company said it will construct 24 non-self-propelled B5000 units up to 2022, according to the Interfax news agency.

“Thanks to the modernisation of the shipyard and cooperation with the European Investment Bank, Nibulon will have a chance to build up to 15 freight vessels a year and expand its fleet to 100 units in coming years,” it added.