PJSC 'Novorossiysk Commercial Sea Port' (NCSP)
IPP LLC doubles the size of its tank battery for seed oil transshipment
18-Aug-2020 / 19:30 MSK
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IPP LLC doubles the size of its tank battery for seed oil transshipment
18 August, 2020
NCSP Group (LSE: NCSP, MOEX: NMTP) informs on the commissioning by IPP LLC
(part of NCSP Group) of the third tank with a commodity weight of 8,000
tons, which enabled the company to expand its tank battery for the
transshipment of seed oil up to 16,000 tons.
In the first half of 2020, 272,500 tons of seed oil were transshipped
through IPP LLC. The peak volume of transshipment was seen in March of this
year. It amounted to 76,900 tons.
IPP LLC has all the means to transship seed oils by taking over the cargo
from both rail and road transport. In July this year, a project for the
arrangement of two areas for draining of seed oils from tankers in the
amount of 1,000 tons per day (or 50 trucks) was delivered.
To date, the terminal is actively increasing its production capacity. IPP
LLC expects to put into operation one more tank for seed oils with a
commodity weight of 8,000 tons in early 2021.
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 866.4 million in 2019. 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: MSCH
TIDM: NCSP
LEI Code: LEIA0010014976
Sequence No.: 82382
EQS News ID: 1120271
End of Announcement EQS News Service
(END) Dow Jones Newswires
August 18, 2020 12:30 ET (16:30 GMT)
