07.09.2021 Consolidated cargo turnover of NCSP Group for 7M 2021 year-over-year
NCSP Group's (LSE: NCSP, MOEX: NMTP) cargo turnover totals 67.4 million tons (Ц2.3%).
Transshipment of liquid cargo amounted to 53.1 million tons, down by 2.5 million tons (Ц4.4%). The segment's largest decrease was related to crude oil, a drop of 7.5% (to 31.7 million tons) amid growing supplies to Russian refineries due to high demand for motor fuel.
Dry cargo transshipment increased by 6.6%, to 14.3 million tons. The drivers behind this growth were raw sugar, chemical cargo, ferrous metals and cast iron, as well as containers:
- Raw sugar cargo turnover was up 15 times compared to last year and amounted to 0.48 million tons. This is thanks to the higher demand from CIS Asian countries for imported raw sugar for processing against the backdrop of a decrease in exports of Russian white sugar.
- Chemical cargo transshipment volume touched 0.7 million tons (+48.2% / 0.2 million tons) due to increased export of non-hazardous fertilizers at the direct option.
- Growth of ferrous metals and cast iron transshipment to 6.2 million tons
(+7.3% / 0.4 million tons) was supported by high export demand due to record prices on world markets.
- Container cargo turnover grew by 2.8 million tons (+12.2% / 0.3 million tons). This is mainly associated with the increased transshipment through the terminal of BSC LLC, which climbed from the 10th place (following its performance for seven months of last year) and ranked 7th among the largest terminals in the Russian Federation in JanuaryЦJuly 2021.
NCSP Group's cargo turnover for 7M 2021/2020 (thsd t)
NCSP Group is the largest port operator in Russia by cargo turnover. Its controlling shareholder (62%) is PJSC Transneft.
NCSP Group comprises PJSC NCSP, Primorsk Trade Port LLC, JSC Novorossiysk Ship Repair Yard, JSC NCSP Fleet, SC NCSP Fleet, IPP LLC, Baltic Stevedore Company LLC, and JSC SFP. PJSC NCSP and PJSC Transneft own NCS LLC on a parity basis.
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For press: MSidorov@ncsp.com