PJSC 'Novorossiysk Commercial Sea Port' (NCSP)
NCSP Group's consolidated cargo turnover for January-April 2019 totaled 47.6
million tons
20-Jun-2019 / 10:31 MSK
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Press Release
NCSP Group's consolidated cargo turnover for January-April 2019 totaled 47.6
million tons
June 20, 2019
NCSP Group (LSE: NCSP, MOEX: NMTP) hereby reports that NCSP Group's
consolidated cargo turnover for January-April 2019 grew by 0.3% year over
year and reached 47,636 thousand tons.
Key drivers
- Growth in crude oil transshipment (+5.8%) amid the general increase in
the export of this raw material from Russia.
- Increase in diesel fuel shipments with higher total cargo turnover of
oil products (+6.1%).
- Growth in transshipment of chemical cargoes (+109.4%) due to increased
shipments of non-hazardous mineral fertilizers in the first quarter of
2019.
- Growth in transhipment of iron ore raw materials (+33.5%) in comparison
with a low number of shipments in the first months of the previous year.
- Decrease in grain turnover (-43.2%) versus the past year's record
harvest.
Liquid cargoes
In January-April 2019, liquid cargo transshipments at NCSP Group's terminals
grew by 5.6% or 1,907,000 tons compared to the same period last year, and
totaled 35,865,000 tons.
The volume of crude oil transshipment in January-April 2019 rose by 5.8%
over the same period of 2018 and amounted to 22,722,000 tons. The turnover
of oil products grew by 6.1% or 741,000 tons and reached 12,796,000 tons.
The transshipment of liquid fertilizers (UAN) and vegetable oils decreased
as compared to January-April 2018 by 6.7% and 37%, respectively.
At its vegetable oil transhipment terminal (launched in November 2018), IPP
LLC shipped 89,300 tons of vegetables oils for the reporting period of 2019.
Bulk cargoes
In January-April 2019, bulk cargo transhipments at NCSP Group's terminals
dropped by 27.5% or 1,673,000 tons compared to the same period last year,
and totaled 4,401,000 tons.
This reduction was caused by low volumes of grain transshipments as compared
to January-April 2019 due to poorer harvest against the record figures of
2017/2018. For the reporting period of 2019, the grain turnover through NCSP
Group amounted to 2,610,000 tons (a 43.2% reduction as compared to
January-April 2018).
The cargo turnover of iron ore raw materials grew by 33.5% or 243,000 tons
and totaled 969,000 tons.
Coal transshipments decreased by 19% year over year to 435,000 tons due to a
significant drop in quotations on foreign markets in 2019.
The turnover of chemical products grew by 109.4% or 116,000 tons and
amounted to 221,000 tons.
Raw sugar transshipments were up by 51.3% or 57,000 tons and reached 167,000
tons.
General cargoes
In January-April 2019, general cargo transhipments at NCSP Group's terminals
remained at the previous year's level totalling 5,005,000 tons.
Ferrous metals and cast iron transshipments grew by 3.4% or 151,000 tons to
4,571,000 tons.
Timber cargo transshipments increased by 12.7% or 13,000 tons and reached
118,000 tons.
Non-ferrous metals and perishable freight transhipments dropped to 292,000
tons and 25,000 tons, respectively.
Container turnover
In January-April 2019, the turnover of containers through NCSP Group's
berths amounted to 2,205,000 tons or 228,000 TEU, which is 5.7% in tons or
5.3% in TEU more y-o-y.
Other cargoes
In January-April 2019, transshipments of other cargoes at NCSP Group's
terminals totaled 160,000 tons, which is a 56.7% decrease as compared to the
same period of the previous year.
NCSP Group's cargo turnover for January-April 2019/2018 (thousand tons)
January-April Change
2019 2018 Thousand t %
Turnover, total 47,636 47,487 149 0.3%
Liquid cargo, total 35,865 33,959 1,907 5.6%
Crude oil 22,722 21,479 1,243 5.8%
Oil products 12,796 12,055 741 6.1%
UAN 246 263 -18 -6.7%
Oils 102 161 -60 -37.0%
Bulk cargo, total 4,401 6,075 -1,673 -27.5%
Grain 2,610 4,597 -1,987 -43.2%
Chemical cargo 221 106 116 109.4%
Sugar 167 110 57 51.3%
Iron ore raw 969 726 243 33.5%
materials
Coal 435 537 -102 -19.0%
General cargo, 5,005 5,000 6 0.1%
total
Ferrous metals and 4,571 4,420 151 3.4%
cast iron
Timber 118 105 13 12.7%
Timber (thousand 214 190 24 12.7%
cubic meters)
Non-ferrous metals 292 370 -79 -21.2%
Perishable cargo 25 105 -79 -75.9%
Containers 2,205 2,086 119 5.7%
Containers 2,205 2,086 119 5.7%
Containers 228 217 12 5.3%
(thousand TEU)
Other 160 368 -209 -56.7%
NCSP Group is the largest port operator in Russia by cargo turnover. PJSC
Transneft is the controlling shareholder (62%) of PJSC NSCP.
NCSP Group is traded on Moscow Exchange (NMTP) and London Stock Exchange as
GDRs (NCSP). NCSP Group volumes in 2018 totaled 140.2 million tons. NCSP
Group consists of: PJSC NSCP, LLC Primorsk Trade Port, JSC Novorossiysk Ship
Repair Yard, JSC NCSP Fleet, JSC NLE, LLC IPP, Baltic Stevedore Company LLC
and LLC SFP.
For more information, please contact:
For press: MSidorov@ncsp.com
ISIN: US67011U2087
Category Code: UPD
TIDM: NCSP
LEI Code: LEIA0010014976
Sequence No.: 10782
EQS News ID: 827967
End of Announcement EQS News Service
(END) Dow Jones Newswires
June 20, 2019 03:32 ET (07:32 GMT)
