DJ NCSP Group's consolidated cargo turnover for January-October 2020 against the same period the year before
PJSC 'Novorossiysk Commercial Sea Port' (NCSP)
NCSP Group's consolidated cargo turnover for January-October 2020 against
the same period the year before
04-Dec-2020 / 16:00 MSK
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according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
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NCSP Group's consolidated cargo turnover for January-October 2020 against
the same period the year before
04.12.2020
Normalized[1] cargo turnover of the Group (LSE: NCSP, MOEX: NMTP) totaled
92.7 million tons (-21.9%).
Liquid cargo
Transshipment of liquid cargo amounted to 73.8 million tons, down by 23.6
million tons (-24.2%). The indicator was mostly affected by decrease in
transshipment of crude oil (-32%, or 21.6 million tons) against the backdrop
of a general decline in cargo turnover of this raw material in Russian
ports, following the global trends caused by the COVID-19 pandemic and
implementation of the OPEC+ agreement to reduce oil production from May 1,
2020.
Dry cargo
Transshipment of dry cargo amounted to 18.9 million tons (-11%, or 2.4
million tons), including 5.8 million tons of bulk cargo (+8,7%, or 0.5
million tons). The increase in bulk cargo transshipment partially offset the
decline in ferrous metal and cast iron turnover, as their transshipment
volume amounted to 8.1 million tons (-16.3%, or 1.6 million tons).
NCSP Group is the largest port operator in Russia by cargo turnover. Its
controlling shareholder (62%) is PJSC Transneft.
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:
MSidorov@ncsp.com (for press)
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[1] NCSP Group's cargo turnover normalized indicators for 2019: in the
transshipment volume, the turnover through NGT LLC and Berth No. 3 is not
taken into account.
ISIN: US67011U2087
Category Code: MSCH
TIDM: NCSP
LEI Code: LEIA0010014976
Sequence No.: 89075
EQS News ID: 1152916
End of Announcement EQS News Service
(END) Dow Jones Newswires
December 04, 2020 08:00 ET (13:00 GMT)
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