PJSC 'Novorossiysk Commercial Sea Port' (NCSP)
NCSP Group's consolidated cargo turnover for 10 months of 2019 totaled 121.2
million tons
11-Dec-2019 / 14:00 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 10 months of 2019 totaled 121.2 million tons
December 11, 2019
NCSP Group (LSE: NCSP, MOEX: NMTP) claims that the normalized cargo turnover
of NCSP Group (taking into account the sale of NGT LLC) for 10 months of
2019 grew by 9.2% compared to the same period last year. (Normalized cargo
turnover of NCSP Group for 2018 and 2019 - in volumes of transshipment does
not take into account the grain cargo turnover through NGT LLC and Berth No.
3 from May 1, 2018, to December 31, 2018)
Main drivers
- Increase in crude oil transshipment volumes (+22.8%) amid the general
growth in export of this raw material from Russia.
- Increase in iron ore raw materials transshipment (+25.3%) due to high
export activity.
- Growth of raw sugar transshipment volumes (growth by 3.2 times) against
the background of recovery of cane raw material supplies to Asian CIS
countries.
Liquid cargo
In January-October 2019, liquid cargo transshipments at NCSP Group's
terminals grew by 16.1% or 13,490 thousand tons compared to the same period
last year, and totaled 97,434 thousand tons.
The crude oil transshipment volume for 10 months of 2019 totaled 67,414
thousand tons. The increase totaled 22.8% (12,535 thousand tons), compared
to the same period of 2018, which is higher than the results of the pace of
the industry by 12.1 p.p. The volume of oil products transshipment increased
by 3.3%, or 940 thousand tons, to 29,116 thousand tons.
In January-October 2019, the volume of transshipment of liquid fertilizers
(UAN) remained at the level of 2018. The turnover of seed oils grew by 19.1%
or 46 thousand tons and reached 289 thousand tons.
At its seed oil transshipment terminal (launched in November 2018), IPP LLC
shipped 277 thousand tons of seed oils in January-October 2019.
Bulk cargoes
In January-October 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 11.3% or 1,002 thousand tons y-o-y and totaled 7,874 thousand
tons.
Iron ore raw materials turnover grew by 25.3% or 510 thousand tons to 2,521
thousand tons against the backdrop of high export activity.
The volume of coal transshipment increased by 10% to 1,379 thousand tons
amid the recovery in demand in foreign markets.
The turnover of chemical products grew by 24.3% or 111 thousand tons and
amounted to 568 thousand tons.
Raw sugar turnover was up 3.2 times or 348 thousand tons and reached 503
thousand tons.
The volume of grain transshipment and other ore cargoes decreased by 44.3%
(2,092 thousand tons) and 1.5% (4 thousand tons), respectively.
General cargoes
In January-October 2019, general cargo transshipments at NCSP Group's
terminals decreased by 13.3% or 1,647 thousand tons, totalling 10,779
thousand tons.
The volume of transshipment of ferrous metals and cast iron decreased by
1,538 thousand tons (-13.8%) to 9,627 thousand tons amid unfavorable
external market conditions.
The volume of non-ferrous metals transshipment increased to 854 thousand
tons (by 3.4%, or 28 thousand tons) amid favorable conditions of the
aluminum market.
Timber cargo transshipments dropped by 4.3% or 11 thousand tons to 250
thousand tons.
Perishable cargoes turnover amounted to 48 thousand tons.
Container turnover
In January-October 2019, container turnover through NCSP Group's berths
amounted to 4,985 thousand tons, which is 3.4% less than the transshipment
volume for the same period last year. The cargo turnover increased in the
twenty-foot equivalent to 533 thousand TEU, by 17 thousand. TEU, or 3.4%.
Other cargo
In January-October 2019, transshipments of other cargoes at NCSP Group's
terminals totaled 162 thousand tons, which is a 73.1%, or 440 thousand tons,
decrease as compared to the same period of the previous year.
Normalized cargo turnover of NCSP Group in January-October 2019/2018 in
thousand tons
(with the sale of NGT LLC taken into account).
January-October Change
2019 2018 thousand tons %
Cargo 121,235 111,009 10,226 9.2%
turnover,
total
Liquid cargo, 97,434 83,944 13,490 16.1%
total
Crude oil 67,414 54,879 12,535 22.8%
Oil products 29,116 28,176 940 3.3%
UAN 615 646 -31 -4.8%
Seed oils 289 243 46 19.1%
Bulk cargo, 7,874 8,877 -1,002 -11.3%
total
Grain 2,628 4,720 -2,092 -44.3%
Chemical 568 457 111 24.3%
cargo
Sugar 503 155 348 224.2%
Iron ore raw 2,521 2,011 510 25.3%
materials
Other ore 276 280 -4 -1.5%
cargo
Coal 1,379 1,254 125 10.0%
General 10,779 12,426 -1,647 -13.3%
cargo, total
Ferrous 9,627 11,165 -1,538 -13.8%
metals and
cast iron
Timber 250 262 -11 -4.3%
Timber 455 476 -20 -4.3%
(thousand
cubic meters)
Non-ferrous 854 826 28 3.4%
metals
Perishable 48 173 -126 -72.5%
cargo
Containers 4,985 5,160 -175 -3.4%
Containers 4,985 5,160 -175 -3.4%
Containers 533 515 17 3.4%
(thousand
TEU)
Other 162 602 -440 -73.1%
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 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.: 34711
EQS News ID: 933421
End of Announcement EQS News Service
(END) Dow Jones Newswires
December 11, 2019 06:00 ET (11:00 GMT)
