23.09.2019 NCSP Group's consolidated cargo turnover for 7 months of 2019 totaled 85.16 million tons
NCSP Group (LSE: NCSP, MOEX: NMTP) informs that the normalized cargo turnover of NCSP Group (with the sale of NGT LLC taken into account) for 7 months of 2019 grew by 6.7% against 2018.
In January–July 2019, liquid cargo transshipments at NCSP Group's terminals grew by 13.4% or 7,927 thousand tons compared to the same period last year, and totaled 67,144 thousand tons.
The volume of crude oil transshipment in January–July 2019 increased by 20.7% compared to the same period in 2018 and amounted to 45,618 thousand tons, which is higher than in the industry in general by 9 p.p. Oil products transshipment volume increased by 1%, or 198 thousand tons, to 20,919 thousand tons.
In January–July 2019, the volume of liquid mineral fertilizers (UAN) transshipment decreased by 8.8% compared to January–July 2018 due to a shift in the vessel shipment schedule.
Cargo turnover of seed oils decreased by 18.7%, or 43 thousand tons, and totaled 187 thousand tons.
At its seed oil transshipment terminal (launched in November 2018), IPP LLC shipped 174.7 thousand tons of seed oils in January–July 2019.
In January–July 2019, the normalized turnover of bulk cargo at NCSP Group's terminals (with the sale of NGT LLC taken into account) had a decrease of 21.4% compared to January–July 2018, and totaled 6,100 thousand tons.
Cargo turnover of iron ore raw materials grew by 15.1%, or 223 thousand tons, to 1,700 thousand tons due to increased cargo turnover of HBI amid increase in prices for raw materials in China (iron ore concentrate).
Coal transshipments decreased by 14% y-o-y to 804 thousand tons due to unfavorable conditions on foreign markets in 2019.
Turnover of chemical products grew by 26.3% or 90 thousand tons and amounted to 430 thousand tons.
Raw sugar turnover was up by 180.4% or 220 thousand tons and reached 342 thousand tons.
In January–July 2019, general cargo transshipments at NCSP Group's terminals decreased by 7.5% or 650 thousand tons, totalling 7,976 thousand tons.
Ferrous metals and cast iron transshipments had a decrease of 5.4% or 410 thousand tons, amounting to 7,247 thousand tons due to the introduction of custom duties on imports of ferrous metals to the USA and poor market conditions for end product.
Timber cargo transshipments dropped by 8.9% or 16 thousand tons to 162 thousand tons.
Non-ferrous metals and perishable freight transshipments reduced to 528 thousand tons and 39 thousand tons, respectively.
In January–July 2019, the turnover of containers through NCSP Group's berths amounted to 3,819 thousand tons or 404 thousand TEU, which was by 1.3% more in tons and by 6% more in TEU than in January–July 2018.
In January–July 2019, turnover of other cargoes at NCSP Group's terminals amounted to 124 thousand tons, down by 71.1% compared to January–July last year.
Normalized cargo turnover of NCSP Group in January–July 2019/2018 in thousand tons (with the sale of NGT LLC taken into account)
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 2018 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
*Normalized indicators of NCSP Group's cargo turnover for 2018–2019: the grain turnover through NGT LLC and Berth No. 3 from May 1, 2018 to December 31, 2018 is not taken into account in the transshipment volume.
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