• 2018 September 21 17:44

    NCSP Group's cargo turnover for January–July 2018 totaled 82,351 thousand tons

    NCSP Group says its consolidated cargo turnover for January–July 2018 decreased by 3.3% compared to the same period last year, and amounted to 82,351 thousand tons.

    - Growth trends in transshipment of oil products and grain remained positive (+10.3% and +40.0%, respectively).

    - Cargo turnover of ferrous metals and cast iron increased (+6.3%) due to the increase in deliveries to Europe and Southeast Asia.

    - Transshipment of crude oil decreased by 16.2% due to redistribution of oil exports from Western to Eastern direction, as well as due to increased loading of Russian refineries.

    In January–July 2018, transshipment of liquid cargo at NCSP Group's terminals decreased by 8.3% or 5,325 thousand tons and amounted to 59,218 thousand tons, including 37,806 thousand tons of crude oil, 20,721 thousand tons of oil products, 461 thousand tons of UAN, and 230 thousand tons of seed oils.

    Transshipment of crude oil decreased by 16.2% or 7,298 thousand tons, including in Novorossiysk (decrease by 13.4%) and Primorsk (decrease by 18.0%). At the same time, transshipment of oil products increased by 10.3% or 1,942 thousand tons, which is 9.1 p.p. higher than the industry growth rate (according to Association of Commercial Sea Ports (ASOP)).

    Transshipment of liquid fertilizers (UAN) increased by 20.5%, transshipment of seed oils, on the contrary, decreased by 17.2% compared to the same period in 2017.

    In January–July 2018, transshipment of bulk cargo at NCSP Group's terminals increased by 16.8% or 1,449 thousand tons compared to the same period last year and reached 10,100 thousand tons.

    Bulk cargo turnover increased mainly due to the growth of grain transshipment volumes against the background of high yield in the last grain season (2017/2018) and record exports in the first month of the new season (2018/2019), which was facilitated by the excitement in the grain market caused by the news about the drought in the agricultural regions of Europe and Australia.

    Transshipment of grain increased by 40.0% or 2,062 thousand tons to 7,224 thousand tons. The volume of iron ore raw materials transshipment remained almost at the last year level and amounted to 1,477 thousand tons. Transshipment of coal decreased by 25.3% or 317 thousand tons to 936 thousand tons due to lower purchasing power of consumers in Turkey amid ongoing devaluation of Turkish lira.

    Transshipment of mineral fertilizers and raw sugar amounted to 340 and 122 thousand tons, respectively.

    Despite the growth of transshipment volumes, the share of NCSP Group in grain turnover of Russian ports increased, which is caused by a significant increase in exports of grain through small ports of the Azov Sea (increase 1.8 times according to ASOP).

     

    In January–July 2018, transshipment of general cargo at NCSP Group's terminals increased by 4.5% or 375 thousand tons and amounted to 8,626 thousand tons. 

    Increase in general cargo transshipment was primarily due to the growth in cast iron transshipment related to active sales to EU countries and the expansion of sales markets (deliveries to Southeast Asia). Transshipment of ferrous metals and cast iron increased by 6.3% or 452 thousand tons to 7,657 thousand tons.

    Transshipment of nonferrous metals, timber and perishable cargo amounted to 625 thousand tons, 178 thousand tons and 166 thousand tons, respectively. 

    NCSP Group's container turnover amounted to 3,769 thousand tons or 381 thousand TEU in the reporting period, which is 6.6% in tons and 7.6% in TEU higher compared to the same period in 2017.

    In January–July 2018, transshipment of other cargo at NCSP Group's terminals amounted to 639 thousand tons, increasing almost 3 times due to the involvement of various cargo to transshipment, which are mainly cargoes shipped in big bags and special containers at the direct option.

    NCSP Group's cargo turnover for January–July 2018/2017 (thousand tons)

     

    January–July

    Change

    2018

    2017

    thousand tons

    %

    Cargo turnover, total

    82,351

    85,203

    -2,852

    -3.3%

    Liquid cargo, total

    59,218

    64,543

    -5,325

    -8.3%

    Crude oil

    37,806

    45,104

    -7,298

    -16.2%

    Oil products

    20,721

    18,779

    1,942

    10.3%

    UAN

    461

    383

    78

    20.5%

    Seed oils

    230

    278

    -48

    -17.2%

    Bulk cargo, total

    10,100

    8,651

    1,449

    16.8%

    Grain

    7,224

    5,162

    2,062

    40.0%

    Mineral fertilizers

    340

    512

    -171

    -33.5%

    Sugar

    122

    206

    -84

    -40.6%

    Iron ore raw materials

    1,477

    1,518

    -41

    -2.7%

    Coal

    936

    1,253

    -317

    -25.3%

    General cargo, total

    8,626

    8,252

    375

    4.5%

    Ferrous metals and cast iron

    7,657

    7,205

    452

    6.3%

    Timber

    178

    205

    -27

    -13.0%

    Timber (thousand cubic meters)

    323

    368

    -45

    -12.2%

    Non-ferrous metals

    625

    670

    -45

    -6.7%

    Perishable cargo

    166

    172

    -6

    -3.6%

    Containers

    3,769

    3,536

    232

    6.6%

    Containers

    3,769

    3,536

    232

    6.6%

    Containers (thousand TEU)

    381

    354

    27

    7.6%

    Other

    639

    221

    418

    188.9%


    NCSP Group is the largest port operator in Russia by cargo turnover. NCSP Group is traded on Moscow Exchange (NMTP) and London Stock Exchange as GDRs (NCSP). NCSP Group's cargo turnover totaled 143.5 million tons in 2017. NCSP Group consists of PJSC Novorossiysk Commercial Sea Port, LLC Primorsk Trade Port, LLC Novorossiysk Grain Terminal, JSC Novorossiysk Ship Repair Yard, JSC NCSP Fleet, JSC NLE, LLC IPP, Baltic Stevedore Company LLC, and JSC SFP.




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