PJSC 'Novorossiysk Commercial Sea Port' (NCSP)
PJSC 'Novorossiysk Commercial Sea Port': NCSP Group's consolidated cargo
turnover for 7 months of 2019 totaled 85.16 million tons
23-Sep-2019 / 17:55 MSK
Dissemination of a Regulatory Announcement that contains inside information
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer / publisher is solely responsible for the content of this
announcement.
Press Release
NCSP Group's consolidated cargo turnover for 7 months of 2019 totaled 85.16
million tons
September 23, 2019
NCSP Group (LSE: NCSP, MOEX: NMTP) informs that the normalized[1] cargo
turnover of NCSP Group (with the sale of NGT LLC taken into account) for 7
months of 2019 grew by 6.7% against 2018.
Key drivers
- Increase in crude oil transshipment volumes (+20.7%) amid the general
growth in export of this raw material from Russia.
- Growth in chemicals transshipment volumes (+26.3%) due to increased
shipments of mineral fertilizers to South and North America, as well as to
the Middle East countries.
- Increase in iron ore raw materials transshipment (+15.1%) due to growth
in cargo turnover of HBI amid increase in prices for raw materials in
China (iron ore concentrate).
Liquid cargo
In January-July 2019, liquid cargo transshipments at NCSP Group's terminals
grew by 13.4% or 7,927 thousand tons compared to the same period last year,
and totaled 67,144 thousand tons.
The volume of crude oil transshipment in January-July 2019 increased by
20.7% compared to the same period in 2018 and amounted to 45,618 thousand
tons, which is higher than in the industry in general by 9 p.p. Oil products
transshipment volume increased by 1%, or 198 thousand tons, to 20,919
thousand tons.
In January-July 2019, the volume of liquid mineral fertilizers (UAN)
transshipment decreased by 8.8% compared to January-July 2018 due to a shift
in the vessel shipment schedule.
Cargo turnover of seed oils decreased by 18.7%, or 43 thousand tons, and
totaled 187 thousand tons.
At its seed oil transshipment terminal (launched in November 2018), IPP LLC
shipped 174.7 thousand tons of seed oils in January-July 2019.
Bulk cargo
In January-July 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
21.4% compared to January-July 2018, and totaled 6,100 thousand tons.
Cargo turnover of iron ore raw materials grew by 15.1%, or 223 thousand
tons, to 1,700 thousand tons due to increased cargo turnover of HBI amid
increase in prices for raw materials in China (iron ore concentrate).
Coal transshipments decreased by 14% y-o-y to 804 thousand tons due to
unfavorable conditions on foreign markets in 2019.
Turnover of chemical products grew by 26.3% or 90 thousand tons and amounted
to 430 thousand tons.
Raw sugar turnover was up by 180.4% or 220 thousand tons and reached 342
thousand tons.
General cargo
In January-July 2019, general cargo transshipments at NCSP Group's terminals
decreased by 7.5% or 650 thousand tons, totalling 7,976 thousand tons.
Ferrous metals and cast iron transshipments had a decrease of 5.4% or 410
thousand tons, amounting to 7,247 thousand tons due to the introduction of
custom duties on imports of ferrous metals to the USA and poor market
conditions for end product.
Timber cargo transshipments dropped by 8.9% or 16 thousand tons to 162
thousand tons.
Non-ferrous metals and perishable freight transshipments reduced to 528
thousand tons and 39 thousand tons, respectively.
Container turnover
In January-July 2019, the turnover of containers through NCSP Group's berths
amounted to 3,819 thousand tons or 404 thousand TEU, which was by 1.3% more
in tons and by 6% more in TEU than in January-July 2018.
Other cargo
In January-July 2019, turnover of other cargoes at NCSP Group's terminals
amounted to 124 thousand tons, down by 71.1% compared to January-July last
year.
Normalized cargo turnover of NCSP Group in January-July 2019/2018 in
thousand tons (with the sale of NGT LLC taken into account)
January-July Change
2019 2018 thousand tons %
Cargo turnover, 85,162 79,797 5,366 6.7%
total
Liquid cargo, 67,144 59,218 7,927 13.4%
total
Crude oil 45,618 37,806 7,813 20.7%
Oil products 20,919 20,721 198 1.0%
UAN 420 461 -41 -8.8%
Oils 187 230 -43 -18.7%
Bulk cargo, total 6,100 7,756 -1,656 -21.4%
Grain 2,628 4,670 -2,041 -43.7%
Chemical cargo 430 340 90 26.3%
Sugar 342 122 220 180.4%
Iron ore raw 1,700 1,477 223 15.1%
materials
Other ore cargo 195 211 -16 -7.7%
Coal 804 936 -131 -14.0%
General cargo, 7,976 8,626 -650 -7.5%
total
Ferrous metals 7,247 7,657 -410 -5.4%
and cast iron
Timber 162 178 -16 -8.9%
Timber (thousand 295 323 -29 -8.9%
cubic meters)
Non-ferrous 528 625 -98 -15.6%
metals
Perishable cargo 39 166 -127 -76.7%
Containers 3,819 3,769 50 1.3%
Containers 3,819 3,769 50 1.3%
Containers 404 381 23 6.0%
(thousand TEU)
Other cargo 124 428 -304 -71.1%
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 consolidated cargo turnover for HY 2019
totaled 71.75 million tons. The Group's consolidated revenue as per IFRS
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 SFP LLC.
For more information, please contact:
For press: MSidorov@ncsp.com
=---------------------------------------------------------------------------
[1] 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 is not taken into account in the transshipment volume.
ISIN: US67011U2087
Category Code: UPD
TIDM: NCSP
LEI Code: LEIA0010014976
Sequence No.: 21014
EQS News ID: 878289
End of Announcement EQS News Service
(END) Dow Jones Newswires
September 23, 2019 10:55 ET (14:55 GMT)
