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Odessa Port Switches Service Fees from USD to EUR Starting 1 August 2025

by Roman Cheplyk
Wednesday, July 30, 2025
1 MIN
Odessa Port Switches Service Fees from USD to EUR Starting 1 August 2025

The move aligns Ukraine’s maritime‑trade hub with EU practices and simplifies euro‑denominated settlements for foreign shipowners

Odessa Sea Commercial Port (SE “OMTP”) will denominate all harbour‑service charges—including tugboat escort—exclusively in euros from 1 August 2025.

  • Why it matters – Ukraine is synchronising its payment ecosystem with EU standards ahead of future accession talks. For international carriers and agents, euro billing removes double‑conversion costs and FX exposure tied to the US dollar.

  • Unchanged tariff logic – Fees will still be calculated using the established vessel module formula (length × beam × side height × port coefficient); only the base currency shifts from USD to EUR.

  • Scope – The change applies to every foreign‑flagged vessel calling at OMTP berths, regardless of ownership structure or cargo type.

  • Broader context – The National Bank of Ukraine is exploring a longer‑term pivot toward the euro as the reference currency for monetary policy, reflecting deeper trade, investment and financial links with the EU.

For ship‑operators, freight forwarders and maritime insurers, advance transition to euro‑linked contracts and treasury hedging will streamline settlements and mitigate currency‑translation risk when calling at Ukraine’s largest Black‑Sea gateway.

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