PJSC 'Novorossiysk Commercial Sea Port' (NCSP)
NCSP Group's consolidated cargo turnover for 9 months of 2019 totaled 109.8
million tons
07-Nov-2019 / 17:30 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 9 months of 2019 totaled 109.8
million tons
October 7, 2019
NCSP Group (LSE: NCSP, MOEX: NMTP) informs the normalized cargo turnover of
NCSP Group (with the sale of NGT LLC taken into account) for 9 months of
2019 grew by 9.3% 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 (+24.7%) amid the general
growth in export of this raw material from Russia.
- Growth in chemicals transshipment volumes (+26.4%) due to increased
shipments of hazardous mineral fertilizers to South and North America, as
well as non-hazardous mineral fertilizers to the Middle East countries.
- Increase in iron ore raw materials transshipment (+25.3%) due to high
export activity.
Liquid cargo
In January-September 2019, liquid cargo transshipments at NCSP Group's
terminals grew by 16.6% or 12,517 thousand tons compared to the same period
last year and totaled 88,097 thousand tons.
The crude oil transshipment volume for 9 months of 2019 totaled 60,910
thousand tons. Compared to the same period in 2018, the increase was 24.7%
(12,061 thousand tons), which is 13.6 p.p. higher than the industry rate.
The volume of oil products transshipment raised by 1.7% or 439 thousand tons
to 26,345 thousand tons.
In January-September 2019, the volume of transshipment of liquid fertilizers
(UAN) remained at the level of 2018. The turnover of seed oils grew by 7.4%
or 18 thousand tons and reached 261 thousand tons.
At its seed oil transshipment terminal (launched in November 2018), IPP LLC
shipped 248 thousand tons of seed oils in January-September 2019.
Bulk cargo
In January-September 2019, the normalized turnover of bulk cargoes at NCSP
Group's terminals (with the sale of NGT LLC taken into account) had a
decrease of 13.8% or 1,174 thousand tons y-o-y and totaled 7,346 thousand
tons.
Iron ore raw materials turnover grew by 25.3% or 470 thousand tons to 2,324
thousand tons against the backdrop of high export activity.
The volume of coal transshipment decreased by 2.7% or 32 thousand tons, to
1,155 thousand tons due to unfavorable conditions on foreign markets in the
first half of 2019.
The turnover of chemical products grew by 26.4% or 112 thousand tons and
amounted to 537 thousand tons.
Raw sugar turnover was up 3.6 times or 334 thousand tons and reached 462
thousand tons.
Transshipment of other ore cargoes decreased by 6.5%, respectively.
General cargo
In January-September 2019, general cargo transshipments at NCSP Group's
terminals decreased by 12.9% or 1,443 thousand tons, totalling 9,716
thousand tons.
Ferrous metals and cast iron transshipments had a decrease of 1,266 thousand
tons (-12.7%), amounting to 8,725 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 the domestic market.
Timber cargo transshipments dropped by 8.4% or 21 thousand tons to 223
thousand tons.
Nonferrous metals transshipments dropped by 4% or 31 thousand tons to 727
thousand tons. Perishable cargoes turnover amounted to 40 thousand tons.
Container turnover
In January-September 2019, container turnover through NCSP Group's berths
amounted to 4,524 thousand tons, which is 3.4% less than the transshipment
volume for the same period last year. Cargo turnover in twenty-foot
equivalent increased by 3.4% (19 thousand TEU) to 484 thousand TEU.
Other cargo
In January-September 2019, transshipments of other cargoes at NCSP Group's
terminals totaled 151 thousand tons, which is a 71.9% decrease as compared
to the same period of the previous year.
Normalized cargo turnover of NCSP Group for January-September 2019/2018 in
thousand tons (with the sale of NGT LLC taken into account)
January-September Change
2019 2018 thousand tons %
Cargo 109,834 100,475 9,359 9.3%
turnover,
total
Liquid 88,097 75,580 12,517 16.6%
cargo, total
Crude oil 60,910 48,849 12,061 24.7%
Oil products 26,345 25,905 439 1.7%
UAN 582 583 -1 -0.1%
Oils 261 243 18 7.4%
Bulk cargo, 7,346 8,520 -1,174 -13.8%
total
Grain 2,628 4,670 -2,041 -43.7%
Chemical 537 425 112 26.4%
cargo
Sugar 462 128 334 260.7%
Iron ore raw 2,324 1,854 470 25.3%
materials
Other ore 240 257 -17 -6.5%
cargo
Coal 1,155 1,186 -32 -2.7%
General 9,716 11,159 -1,443 -12.9%
cargo, total
Ferrous 8,725 9,991 -1,266 -12.7%
metals and
cast iron
Timber 223 244 -21 -8.4%
Timber 406 443 -37 -8.4%
(thousand
cubic
meters)
Nonferrous 727 758 -31 -4.0%
metals
Perishable 40 166 -126 -75.6%
cargo
Containers 4,524 4,681 -157 -3.4%
Containers 4,524 4,681 -157 -3.4%
Containers 484 469 16 3.4%
(thousand
TEU)
Other 151 536 -385 -71.9%
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 951 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.: 27904
EQS News ID: 907609
End of Announcement EQS News Service
(END) Dow Jones Newswires
November 07, 2019 09:30 ET (14:30 GMT)
