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CK Hutchison Holdings' unit signs MOU to develop Chornomorsk Port in Ukraine

A CK Hutchison Holdings Ltd. division, Hutchison Ports Europe, signed an memorandum of understanding with the government of Ukraine to develop the Chornomorsk Port in Ukraine.

The MOU was signed between Hutchison Ports Europe Managing Director Clemence Cheng and Volodymyr Omelyan, Ukraine's minister of infrastructure. Omelyan said that the government was committed to finalize and close the deal in 2017.

According to a news release, Chornomorsk, one of the largest ports in the Black Sea, is located in the southwestern region of Ukraine.