The Port of Odesa or Odesa Sea Port, located near Odesa, is the largest Ukrainian seaport and one of the largest ports in the Black Sea basin, with a total annual traffic capacity of 40 million tonnes, the only port of Ukraine capable of accepting Panamax class vessels. The port has an immediate access to railways allowing quick transfer of cargo from sea routes to ground transportation. Along with its younger satellite ports of Chornomorsk (1958) and Yuzhne (1973), the Port of Odesa is a major freight and passenger transportation hub of Ukraine.