PJSC 'Novorossiysk Commercial Sea Port' (NCSP)
NCSP Group's consolidated cargo turnover for 8 months of 2019 totaled 97.6
million tons
07-Oct-2019 / 18:00 MSK
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according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
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announcement.
NCSP Group's consolidated cargo turnover for 8 months of 2019 totaled 97.6
million tons
October 7, 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 8
months of 2019 grew by 7.9% 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
- Increase in crude oil transshipment volumes (+23%) amid the general
growth in export of this raw material from Russia.
- Growth in chemicals transshipment volumes (+22.4%) due to increased
shipments of hazardous mineral fertilizers to South and North America, as
well as of non-hazardous mineral fertilizers to the Middle East countries.
- Increase in iron ore raw materials transshipment (+25.1%) due to high
export activity.
Liquid cargoes
In January-August 2019, liquid cargo transshipments at NCSP Group's
terminals grew by 15% or 10,159 thousand tons compared to the same period
last year and totaled 77,814 thousand tons.
Crude oil transshipment volume totaled 53,449 thousand tons in
January-August 2019. Compared to the same period in 2018, the increase was
23% (9,998 thousand tons), which is 10.2 p.p higher than the industry rate.
The volume of oil products transshipment raised by 0.8% or 177 thousand tons
to 23,619 thousand tons.
In January-August 2019, the volume of liquid fertilizers (UAN) and seed oils
transshipment decreased by 2.3% and 1.8%, respectively.
At its seed oil transshipment terminal (launched in November 2018), IPP LLC
shipped 218 thousand tons of seed oils in January-August 2019.
Bulk cargoes
In January-August 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 17.4% compared to January-August 2018, and totaled 6,707
thousand tons.
Iron ore raw materials turnover grew by 25.1% or 409 thousand tons to 2,041
thousand tons against the backdrop of high export activity.
Coal transshipments decreased by 10.2% y-o-y to 945 thousand tons due to
unfavorable conditions on foreign markets in 2019.
The turnover of chemical products grew by 22.4% or 89 thousand tons and
amounted to 487 thousand tons.
Raw sugar turnover was up 2.1 times or 251 thousand tons and reached 373
thousand tons.
The volume of grain and other ore cargoes transshipment decreased by 43.7%
and 4.3%, respectively.
General cargoes
In January-August 2019, general cargo transshipments at NCSP Group's
terminals decreased by 12.2% or 1,221 thousand tons, totalling 8,794
thousand tons.
Ferrous metals and cast iron transshipments had a decrease of 1,007 thousand
tons (-11.2%), amounting to 7,955 thousand tons due to the introduction of
custom duties on imports of ferrous metals to the USA, as well as poor
conditions on foreign markets and high prices on domestic markets. The
overall decrease for the industry was 11.5%.
Timber cargo transshipments dropped by 7.7% or 15 thousand tons to 186
thousand tons.
The volume of nonferrous metals transshipment decreased to 613 thousand tons
(by 10.7%). Perishable cargoes turnover amounted to 39 thousand tons.
Container turnover
In January-August 2019, container turnover through NCSP Group's berths
amounted to 4,169 thousand tons, which is 1.7% less than the transshipment
volume for the same period last year. Cargo turnover in twenty-foot
equivalent increased by 19 thousand TEU to 445 thousand TEU or by 4.4%.
Other cargo
In January-August 2019, transshipments of other cargoes at NCSP Group's
terminals totaled 144 thousand tons, which is a 70.7% decrease as compared
to the same period of the previous year.
Normalized cargo turnover of NCSP Group for January-August 2019/2018 in
thousand tons
(with the sale of NGT LLC taken into account)
January-August Change
2019 2018 thousand tons %
Cargo turnover, 97,628 90,519 7,110 7.9%
total
Liquid cargo, 77,814 67,655 10,159 15.0%
total
Crude oil 53,449 43,451 9,998 23.0%
Oil products 23,619 23,443 177 0.8%
UAN 516 528 -12 -2.3%
Oils 230 234 -4 -1.8%
Bulk cargo, 6,707 8,117 -1,410 -17.4%
total
Grain 2,628 4,670 -2,041 -43.7%
Chemical cargo 487 398 89 22.4%
Sugar 373 122 251 205.8%
Iron ore raw 2,041 1,631 409 25.1%
materials
Other ore cargo 233 243 -11 -4.3%
Coal 945 1,053 -107 -10.2%
General cargo, 8,794 10,016 -1,221 -12.2%
total
Ferrous metals 7,955 8,962 -1,007 -11.2%
and cast iron
Timber 186 202 -15 -7.7%
Timber 339 367 -28 -7.7%
(thousand cubic
meters)
Nonferrous 613 686 -72 -10.6%
metals
Perishable 39 166 -126 -76.2%
cargo
Containers 4,169 4,239 -70 -1.7%
Containers 4,169 4,239 -70 -1.7%
Containers 445 426 19 4.4%
(thousand TEU)
Other 144 492 -348 -70.7%
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 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
ISIN: US67011U2087
Category Code: MSCM
TIDM: NCSP
LEI Code: LEIA0010014976
Sequence No.: 22632
EQS News ID: 886437
End of Announcement EQS News Service
(END) Dow Jones Newswires
October 07, 2019 11:00 ET (15:00 GMT)
