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PJSC 'Novorossiysk Commercial Sea Port' (NCSP)
NCSP Group's cargo turnover for January-October 2018
17-Dec-2018 / 14:09 MSK
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according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
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Press Release
NCSP Group's cargo turnover for January-October 2018 totaled 116,946
thousand tons
17.12.2018
NCSP Group (LSE: NCSP, MOEX: NMTP) hereby reports that NCSP Group's
consolidated cargo turnover for January-October 2018 decreased by 2.4%
compared to the same period last year and amounted to 116,946 thousand tons.
Main drivers
? Growth trends in transshipment of oil products and grain remained positive
(+12.4% and +22.7%, respectively);
- Cargo turnover of ferrous metals and cast iron increased (+11.3%) due to
the increase in deliveries to Europe and Southeast Asia;
? Transshipment of crude oil decreased by 13.6% due to redistribution of oil
exports from Western to Eastern direction, as well as due to increased
loading of Russian refineries.
Liquid cargo
In January-October 2018, transshipment of liquid cargo at NCSP Group's
terminals decreased by 6.1% or 5,496 thousand tons and amounted to 83,944
thousand tons, including 54,879 thousand tons of crude oil, 28,176 thousand
tons of oil products, 646 thousand tons of UAN, and 243 thousand tons of
seed oils.
Crude oil transshipment decreased by 13.6% or 8,618 thousand tons, including
by 9.6% in Novorossiysk and by 16.2% in Primorsk. At the same time,
transshipment of oil products increased by 12.4% or 3,106 thousand tons,
which is 8.2 p.p. higher than the industry growth rate (according to
Association of Commercial Sea Ports (ASOP)).
Transshipment of liquid fertilizers (UAN) increased by 24.1%, transshipment
of seed oils, on the contrary, decreased by 31.2% compared to the same
period in 2017.
Bulk cargo
In January-October 2018, transshipment of bulk cargo at NCSP Group's
terminals increased by 7.1% or 960 thousand tons compared to the same period
last year and reached 14,534 thousand tons.
Bulk cargo turnover increased mainly due to the growth of grain
transshipment volumes against the background of high yield in the last grain
season (2017/2018) and record export rates in the beginning of the new
season (2018/2019), which was facilitated by the excitement in the grain
market caused by the news about the drought in agricultural regions of
Europe and Australia.
Grain transshipment increased by 22.7% or 1,975 thousand tons, to 10,657
thousand tons. The volume of iron ore raw materials transshipment remained
almost at the last year level and amounted to 2011 thousand tons.
Transshipment of coal decreased by 27% or 464 thousand tons to 1,254
thousand tons due to lower purchasing power of consumers in Turkey amid
ongoing devaluation of Turkish lira. Russian coal is replaced with coal of
lower quality and cost or with petroleum coke.
Transshipment of chemical goods and raw sugar amounted to 457 and 155
thousand tons, respectively.
Despite the growth of transshipment volumes, the share of NCSP Group in
grain turnover of Russian ports increased, which is caused by a significant
increase in exports of grain through small ports of the Azov Sea (increase
1,3 times according to ASOP).
General cargo
In January-October 2018, transshipment of general cargo at NCSP Group's
terminals increased by 7.7% or 885 thousand tons and amounted to 12,426
thousand tons.
Increase in general cargo transshipment was mainly due to the growth in cast
iron transshipment related to active sales to EU countries and the expansion
of sales markets (deliveries to Southeast Asia). Transshipment of ferrous
metals and cast iron increased by 11.3% or 1,130 thousand tons to 11,165
thousand tons.
Transshipment of nonferrous metals, timber and perishable cargo amounted to
826 thousand tons, 262 thousand tons, and 173 thousand tons, respectively.
Container turnover
NCSP Group's container transshipment volume amounted to 5,160 thousand tons
or 515 thousand TEU in the reporting period, which is 5.1% in tons and 5.6%
in TEU higher compared to the same period in 2017.
Other cargo
In January-October 2018, transshipment of other cargo at NCSP Group's
terminals amounted to 882 thousand tons, increasing 2.7 times due to the
involvement of various cargo to the transshipment, which is mainly cargo
shipped in big bags and special containers at the direct option.
NCSP Group's cargo turnover for January-October 2018/2017 (thousand tons)
January-October Change
2018 2017 thousand tons %
Cargo 116,946 119,792 -2,311.4 -2.4%
turnover,
total
Liquid bulk 83,944 89,441 -5,325 -6.1%
cargo, total
Crude oil 54,879 63,497 -8,618 -13.6%
Oil products 28,176 25,070 3,106 12.4%
UAN 646 521 125 24.1%
Seed oils 243 353 -110 -31.2%
Bulk cargo, 14,534 13,574 960 7.1%
total
Grain 10,657 8,682 1,975 22.7%
Chemical 457 611 -154 -25.3%
cargo
Sugar 155 452 -297 -65.6%
Iron ore raw 2,011 2,112 -101 -4.8%
materials
Coal 1,254 1,717 -464 -27.0%
General 12,426 11,541 885 7.7%
cargo, total
Ferrous 11,165 10,035 1,130 11.3%
metals and
cast iron
Timber 262 336 -74 -22.1%
Timber 476 607 -131 -21.6%
(thousand
cubic meters)
Non-ferrous 826 953 -126 -13.3%
metals
Perishable 173 218 -45 -20.5%
goods
Containers 5,160 4,909 251 5.1%
Containers 5,160 4,909 251 5.1%
Containers 515 488 27 5.6%
(thousand
TEU)
Other cargo 882 327 555 169.6%
NCSP Group is the largest port operator in Russia by cargo turnover. NCSP
Group is traded on Moscow Exchange (NMTP) and London Stock Exchange as GDRs
(NCSP). NCSP Group's cargo turnover totaled 2017 million tons in 2017. NCSP
Group consists of PJSC Novorossiysk Commercial Sea Port, LLC Primorsk Trade
Port, JSC Novorossiysk Grain Terminal, JSC Novorossiysk Ship Repair Yard,
JSC NCSP Fleet, JSC NLE, JSC IPP, Baltic Stevedore Company LLC, and JSC SFP.
For more information, please contact:
For press: MSidorov@ncsp.com
ISIN: US67011U2087
Category Code: QRT
TIDM: NCSP
LEI Code: LEIA0010014976
Sequence No.: 6907
EQS News ID: 758855
End of Announcement EQS News Service
(END) Dow Jones Newswires
December 17, 2018 06:09 ET (11:09 GMT)
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