PJSC 'Novorossiysk Commercial Sea Port' (NCSP)
NCSP Group's consolidated cargo turnover for January-February 2020 totaled
22.6 mln t
10-Apr-2020 / 19:18 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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NCSP Group's consolidated cargo turnover for January-February 2020 totaled
22.6 mln t
April 10, 2020
NCSP Group (LSE: NCSP, MOEX: NMTP) informs that the normalized cargo
turnover of NCSP Group for January-February 2020 grew by 674,000 tons or
3.1% year-over-year. NCSP Group's cargo turnover normalized indicators for
2019: the turnover through NGT LLC and Berth No. 3 from January 1, 2019 to
May 1, 2019 is not taken into account in the transshipment volume.
Key drivers
- A growth of 1,073 thousand tons in oil transshipment against the
backdrop of increased turnover of this raw material in ports of the
Russian Federation.
Liquid cargo
In January-February 2020, transshipment of liquid cargo at NCSP Group
terminals was up by 7.6% or 1,318 thousand tons on par with the same period
in 2019, and amounted to 18,663 thousand tons.
For the two months of 2020, transshipment of crude oil reached 11,602
thousand tons against the previous year (up by 10.2% or 1,073 thousand
tons), as well as transshipment of oil products reached 6,867 thousand tons
(up by 3.1% or 206 thousand tons).
The volume of vegetable oil transshipment grew by 74.7% to 81,000 tons.
Turnover of liquid fertilizers (UAN) totaled 113,000 tons, slightly above
the figure for the previous-year period (+5%).
Bulk cargo
In January-February 2020, transshipment of bulk cargo at NCSP Group
terminals increased by 17.8% or 171,000 tons compared to the same period
last year and amounted to 1,133 thousand tons.
The volume of iron ore raw materials transshipment climbed up by 70.7% or
308,000 tons, to 743,000 tons. The volume of coal turnover (241,000 tons)
remained close to the volume for 2 months of 2019 (244,000 tons).
Transshipment of chemical cargo was up by 5,000 tons (+3.6%). The volume of
raw sugar transshipment totaled 5,000 tons. This drop was due to the growth
of beet sugar exports from Russia to Asian CIS countries amid the following
circumstances:
- high raw sugar market price;
- low price of Russian beet sugar in the domestic market.
General cargo
In January-February 2020, transshipment of general cargo at NCSP Group
terminals was down by 25.2% or 659,000 tons year-over-year, and amounted to
1,955 thousand tons.
The reduction in volumes was mainly due to the drop to 1,729 thousand tons
(-28.5%) or by 688,000 tons in ferrous metals and cast iron turnover amid
unfavorable conditions in the foreign markets in the segment of finished
products.
Transshipment volumes of non-ferrous metals reached 184,000 tons, an
increase of 45,000 tons (+32.7%) thanks to strong activity in the aluminum
market.
Turnover of timber and perishable cargo comprised 26,000 tons and 17,000
tons, respectively.
Container turnover
NCSP Group's container transshipment through its berths totaled 795,000 tons
or 86,000 TEU in January-February 2020, which is 17.7% less in tons and in
TEU compared to the previous year against the background of reduced volumes
of freighted import containers.
Other cargo
In January-February 2020, the volume of other cargo transshipment at NCSP
Group terminals made up 35,000 tons, which is 15,000 tons more against the
same period in 2019.
NCSP Group's cargo turnover in January-February 2020/2019 (thousand tons)
January-February Change
2020 2019 thousand tons %
Cargo 22,581.194 21,907.063 674,131 3.08%
turnover,
total
Liquid cargo, 18,663.227 17,344.898 1,318.329 7.60%
total
Crude oil 11,602.484 10,529.820 1,072.664 10.19%
Oil products 6,866.618 6,661.031 205,587 3.09%
UAN 112,826 107,500 5,326 4.95%
Oils 81,299 46,547 34,752 74.66%
Bulk cargo, 1,132.745 961,559 171,186 17.80%
total
Iron ore raw 743,174 435,390 307,783 70.69%
materials
Other ore 10,615 16,363 -5,748 -35.13%
cargo
Chemical 133,111 128,454 4,657 3.63%
cargo
Coal 241,255 243,832 -2,577 -1.06%
Sugar and 4,590 137,520 -132,929 -96.66%
other
General 1,955.497 2,614.681 -659,184 -25.21%
cargo, total
Ferrous 1,729.293 2,417.448 -688,155 -28.47%
metals and
cast iron
Timber 25,560 51,587 -26,027 -50.45%
Timber 46,472 93,794 -47,322 -50.45%
(thousand
cubic meters)
Nonferrous 184,052 138,650 45,402 32.75%
metals
Perishable 16,592 6,996 9,596 137.16%
cargo
Containers 794,624 965,965 -171,341 -17.74%
Containers 794,624 965,965 -171,341 -17.74%
Containers 86,463 105,102 -18,639 -17.73%
(thousand
TEU)
Other cargo 35,101 19,960 15,140 75.85%
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 cargo turnover in 2019
amounted to 142.5 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, Baltic Stevedore Company
LLC, and JSC SFP. PJSC NCSP and PJSC Transneft own NCS LLC on a parity
basis.
For more information, please contact:
For press: MSidorov@ncsp.com
ISIN: US67011U2087
Category Code: MSCM
TIDM: NCSP
LEI Code: LEIA0010014976
Sequence No.: 57893
EQS News ID: 1020401
End of Announcement EQS News Service
(END) Dow Jones Newswires
April 10, 2020 12:18 ET (16:18 GMT)
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