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PJSC 'Novorossiysk Commercial Sea Port' (NCSP)
NCSP Group's consolidated cargo turnover for the first month of 2019
exceeded 12 million tons
18-March-2019 / 14:45 MSK
Dissemination of a Regulatory Announcement that contains inside information
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
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announcement.
Press Release
NCSP Group's consolidated cargo turnover for the first month of 2019
exceeded 12 million tons.
March 18, 2019
NCSP Group (LSE: NCSP, MOEX: NMTP) hereby reports that its consolidated
cargo turnover for January 2019 increased by 3.3% compared to the same
period last year and amounted to 12,063 thousand tons.
Main drivers
- Growth in the ferrous metals and cast iron turnover (+34.7% or 322
thousand tons) due to an increase in deliveries to EU countries.
- Increase in the volume of oil products processed (+7.3%) due to the
attraction of large-tonnage batches of gasoline to the port of
Novorossiysk.
- A decrease of 14.3% in grain exports in comparison with the all time
high in 2018.
Liquid cargo
In January 2019, the liquid cargo handling at the NCSP Group terminals had
an increase of 2.4% or 206 thousand tons compared to the same period last
year and amounted to 8,976 thousand tons, including 5,502 thousand tons of
crude oil, 3,381 thousand tons of oil products, 71 thousand tons of UAN and
22 thousand tons of seed oils.
The terminal for seed oils transshipment IPP LLC (launched in November 2018)
continues to increase its volumes. 22 thousand tons of seed oils were
processed in January 2019.
Crude oil turnover remained the same as in January 2018 at both terminals in
the ports of Novorossiysk and Primorsk. The volume of processed oil products
rose by 7.3% or 229 thousand tons.
Transshipment of liquid fertilizers (UAN) saw an increase of 7.1%, while
seed oils turnover reduced by 55.8% compared to January 2018.
Bulk cargo
In January 2019, the bulk cargo handling at the NCSP Group terminals
decreased by 4.2% or 57 thousand tons compared to January 2018 and reached
1,286 thousand tons.
The fall in bulk cargo turnover was caused by low grain transshipment rates
compared to January 2018. This season the gross grain harvest in Russia
decreased by 17% in comparison with the all time high harvest in 2017/2018.
In January 2019, grain exports through NCSP Group amounted to 874 thousand
tons, which is a 14.3% decrease compared to the same period last year.
The volume of iron ore raw materials transshipment increased by 45.3% or 63
thousand tons and reached 201 thousand tons. Coal exports remained at the
level of January last year - 136 thousand tons.
The chemical cargo and raw sugar handling amounted to 39 thousand tons and
36 thousand tons, respectively.
General cargo
In January 2019, transshipment of general cargo at the NCSP Group terminals
increased by 23.2% or 251 thousand tons compared to the same period last
year and amounted to 1,336 thousand tons.
Operational performance of the general cargo handling increased mainly due
to the growth in ferrous metals volumes and active sales to EU countries.
Transshipment of ferrous metals and cast iron rose by 34.7% or 322 thousand
tons to 1,250 thousand tons.
Turnover of nonferrous metals, timber and perishable cargo amounted to 52
thousand tons, 31 thousand tons and 4 thousand tons, respectively.
Container turnover
The volume of containers processed at the NCSP Group terminals in January
2019 amounted to 450 thousand tons or 51 thousand TEU, which was 9.5% higher
in tons and 15.9% higher in TEU compared to the same period of 2018.
Other cargo
In January 2019, transshipment of other cargo at the NCSP Group terminals
amounted to 15 thousand tons, which is a 78.4% decrease compared to the same
period last year.
NCSP Group's cargo turnover for January 2019/2018 (thousand tons)
January Change
2019 2018 thousand tons %
Cargo turnover, total 12,063 11,676 387 3.3%
Liquid cargo, total 8,976 8,770 206 2.4%
Crude oil 5,502 5,502 1 0.0%
Oil products 3,381 3,152 229 7.3%
UAN 71 67 5 7.1%
Oils 22 50 -28 -55.8%
Bulk cargo, total 1,286 1,343 -57 -4.2%
Grain 874 1,020 -146 -14.3%
Chemical cargo 39 34 5 14.5%
Sugar 36 15 21 140.2%
Iron ore raw materials 201 138 63 45.3%
Coal 136 135 1 0.7%
General cargo, total 1,336 1,085 251 23.2%
Ferrous metals and 1,250 928 322 34.7%
cast iron
Timber 31 28 2 7.3%
Timber (thousand cubic 56 52 4 7.3%
meters)
Nonferrous metals 52 111 -59 -53.3%
Perishable cargo 4 17 -13 -78.0%
Containers 450 411 39 9.5%
Containers 450 411 39 9.5%
Containers (thousand 51 44 7 15.9%
TEU)
Other cargo 15 67 -53 -78.4%
PJSC NCSP Group is the largest port operator in Russia by cargo turnover.
Its controlling shareholder (62%) is PJSC Transneft.
NCSP Group is traded on Moscow Exchange (NMTP) and London Stock Exchange as
GDRs (NCSP). NCSP Group's volumes totaled 140.2 million tons in 2018. NCSP
Group consists of PJSC Novorossiysk Commercial Sea Port, LLC Primorsk Trade
Port, LLC Novorossiysk Grain Terminal, JSC Novorossiysk Ship Repair Yard,
JSC NCSP Fleet, JSC NLE, LLC IPP, Baltic Stevedore Company LLC (BSC LLC),
and JSC SFP.
For more information, please contact:
For press: MSidorov@ncsp.com
ISIN: US67011U2087
Category Code: UPD
TIDM: NCSP
LEI Code: LEIA0010014976
Sequence No.: 7840
EQS News ID: 788567
End of Announcement EQS News Service
(END) Dow Jones Newswires
March 18, 2019 07:45 ET (11:45 GMT)
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