PJSC 'Novorossiysk Commercial Sea Port' (NCSP)
PJSC 'Novorossiysk Commercial Sea Port': NCSP Group's consolidated cargo
turnover for January-May 2019 totaled 59.8 million tons
26-Jul-2019 / 17:15 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.
NCSP Group's consolidated cargo turnover for January-May 2019
totaled 59.8 million tons
July 26, 2019
NCSP Group (LSE: NCSP, MOEX: NMTP) informs that the normalized cargo
turnover of NCSP Group (with the sale of NGT LLC taken into account) for
January-May 2019 grew by 2.2% against 2018 (Normalized indicators of NCSP
Group's cargo turnover for 2018-2019: the grain turnover through NGT LLC and
Berth No. 3 from May 1, 2018 to December 31, 2018 are not taken into account
in the transshipment volume.).
Key drivers
- Growth in the crude oil transshipment volume (+11.8%) amid the general
increase in export of this raw material from Russia.
- Growth in the transshipment of chemical cargoes (+60.2%) due to
increased shipments of non-hazardous mineral fertilizers at the direct
option.
- Growth in the iron ore transshipment volume (+20.6%) amid the increased
shipments of iron ore briquettes to Europe and Asia.
Liquid cargoes
In January-May 2019, liquid cargo transshipments at NCSP Group's terminals
grew by 8.2% or 3,490 thousand tons compared to the same period last year
and totaled 45,960 thousand tons.
The volume of crude oil transshipment in January-May 2019 had an increase of
11.8% compared to the same period in 2018 and amounted to 30,347 thousand
tons. The volume of oil products transshipment raised by 2.4% or 351
thousand tons to 15,169 thousand tons.
The volume of liquid fertilizers (UAN) transshipment was down by 3.3%, and
transshipment of seed oils also reduced by 27.6% compared to January-May
2018.
At its seed oil transshipment terminal (launched in November 2018), IPP LLC
shipped 115.2 thousand tons of seed oils in January-May 2019.
Bulk cargoes
In January-May 2019, the normalized turnover of bulk cargo at NCSP Group's
terminals (with the sale of NGT LLC taken into account) had a decrease of
25.9% compared to January-May 2018 and totaled 5,026 thousand tons.
The cargo turnover of iron ore raw materials grew by 20.6% or 217 thousand
tons to 1,268 thousand tons.
Coal transshipments decreased by 14.2% y-o-y to 562 thousand tons due to a
drop in quotations on foreign markets in 2019. The turnover of chemical
products grew by 60.2% or 97 thousand tons and amounted to 258 thousand
tons.
The turnover of other ore cargo reduced by 30.2% or 50 thousand tons to 115
thousand tons. Raw sugar transshipments were up by 76.3% or 84 thousand tons
and reached 194 thousand tons.
Grain transshipments dropped by 2,008 thousand tons (-43.3%) against the
background of poor harvest and a decrease in exports from Russia.
General cargoes
In January-May 2019, general cargo transshipments at NCSP Group's terminals
decreased by 4.4% or 275 thousand tons totaling 5,994 thousand tons.
Ferrous metals and cast iron transshipments had a decrease of 1.5% or 81
thousand tons, amounting to 5,483 thousand tons due to the introduction of
custom duties on imports of ferrous metals to the USA.
Timber cargo transshipments dropped by 4.6% or 6 thousand tons to126
thousand tons.
Non-ferrous metals and perishable freight transshipments reduced to 354
thousand tons and 31 thousand tons, respectively.
Container turnover
In January-May 2019, the turnover of containers through NCSP Group's berths
amounted to 2,698 thousand tons or 282 thousand TEU, which is 2.5% in tons
and 4.7% in TEU more than in January-May 2018.
Other cargoes
In January-May 2019, turnover of other cargoes at NCSP Group's terminals
amounted to 74 thousand tons, down by 75.7% compared to January-May last
year.
Normalized cargo turnover of NCSP Group for January-May 2019/2018 in
thousand tons (with the sale of NGT LLC taken into account)
January-May Change
2019 2018 Thousand t %
Turnover, total 59,752 58,455 1,298 2.2%
Liquid cargo, total 45,960 42,470 3,490 8.2%
Crude oil 30,347 27,149 3,198 11.8%
Oil products 15,169 14,818 351 2.4%
UAN 316 327 -11 -3.3%
Oils 128 176 -49 -27.6%
Bulk cargo, total 5,026 6,779 -1,753 -25.9%
Grain 2,628 4,636 -2,008 -43.3%
Chemical cargo 258 161 97 60.2%
Sugar 194 110 84 76.3%
Iron ore raw 1,268 1,051 217 20.6%
materials
Other ore cargo 115 165 -50 -30.2%
Coal 562 655 -93 -14.2%
General cargo, total 5,994 6,269 -275 -4.4%
Ferrous metals and 5,483 5,565 -81 -1.5%
cast iron
Timber 126 132 -6 -4.6%
Timber (thousand 229 240 -11 -4.6%
cubic meters)
Non-ferrous metals 354 431 -77 -17.8%
Perishable cargo 31 142 -111 -78.4%
Containers 2,698 2,631 67 2.5%
Containers 2,698 2,631 67 2.5%
Containers (thousand 282 269 13 4.7%
TEU)
Other 74 305 -231 -75.7%
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 global depositary
receipts (NCSP). NCSP Group's volumes totaled 140.2 million tons in 2018.
The Group's consolidated revenue totaled USD 2018 million in 2018. NCSP
Group is comprised of PJSC Novorossiysk Commercial Sea Port, Primorsk Trade
Port LLC, JSC Novorossiysk Ship Repair Yard, JSC NCSP Fleet, JSC NLE, IPP
LLC, NCS LLC, Baltic Stevedore Company LLC, and JSC SFP.
For more information, please contact:
For press: MSidorov@ncsp.com
ISIN: US67011U2087
Category Code: MSCM
TIDM: NCSP
LEI Code: LEIA0010014976
Sequence No.: 14836
EQS News ID: 847619
End of Announcement EQS News Service
(END) Dow Jones Newswires
July 26, 2019 10:16 ET (14:16 GMT)
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