Smart Maritime Group suspended operations at the Kherson shipyard

The shipbuilding company Smart Maritime Group, SMG, announced the suspension of the Kherson shipyard’s work, which is located on the territory temporarily occupied by the troops of the aggressor country, a press release of SMG reads.

“Due to the lack of organizational and technical conditions for conducting business and production activities during the martial law of the enterprise, which is located on the territory temporarily occupied by the Russian troops, the management decided to stop the work of the SMG Kherson shipyard,” the message says.

Thus, the enterprise stopped the operation of all production shops, sections, jobs and technological processes. Only few units that provide physical security for the enterprise and the work of emergency services will continue to work.

From July 4, 2022, and until a new order, downtime is declared for employees who work at the Kherson shipyard of the company. Downtime will be paid according to article 113 of the Labor Code of Ukraine.

SMG unites the Mykolaiv and Kherson shipyards, which were created on the basis of Chornomorskyi Shipbuilding Plant and Kherson Shipbuilding Plant. Rolled steel for SMG was supplied by Ilyich Iron and Steel Works.

Earlier GMK Center reported that at the end of 2021, Smart Maritime Group ramped up repairs and modernization of ships by 3.6% compared to 2020, to 57 units.

Also, steel structures production for the bridge across the Dnipro was successfully implemented last year. A contract for the production of five navigation buoys for the State Hydrography State Enterprise was fulfilled.

In 2021, the company paid UAH 51.3 million in taxes to the budgets of all levels, and the cargo terminal provided income at the level of UAH 29.2 million.

  • Global Market

The price of CBAM certificates is not expected to change significantly in Q2 – forecast

The price of CBAM allowances in the second quarter of this year is likely to…

Tuesday June 23, 2026
  • Global Market

The Chinese steel market is experiencing a prolonged downturn in demand – experts

The Chinese steel market is experiencing a prolonged slowdown in demand rather than a sharp…

Tuesday June 23, 2026
  • Global Market

Japan is imposing anti-dumping duties on imports of stainless steel from China and Taiwan

The Japanese Government has announced plans to impose anti-dumping duties on imports of nickel-containing cold-rolled…

Tuesday June 23, 2026
  • Global Market

Global steel production fell by 0.3% y/y in May

Global steel production in May 2026 fell by 0.3% year-on-year to 157.9 million tonnes. This…

Tuesday June 23, 2026
  • Global Market

Nucor has increased the price of hot-rolled coils by $5/t

US steel producer Nucor has once again raised its spot price (CSP) for hot-rolled coil…

Tuesday June 23, 2026
  • Global Market

The EBRD is to provide $25 million in funding for the modernisation of the Tashkent Pipe Plant

The European Bank for Reconstruction and Development is providing a loan of up to $25…

Tuesday June 23, 2026