HomeFeedbackSite mapRussian version

Bloomberg 20.05.2019
Bloomberg:NCSP Group's consolidated cargo turnover for the first quarter of 2019 rose by 2.7% to 35.95 million tons


NCSP  Group  (LSE:  NCSP,  MOEX:  NMTP)  hereby  reports  that  NCSP   Group's 
consolidated cargo turnover for the first three months of 2019 saw an increase
of 2.7% compared to the same period last year and amounted to 35,950  thousand 
tons.

Main drivers

  +   Growth  in crude  oil  transshipment volumes  (+5.2%) amid  the  general 
    increase in export of this raw material from Russia.
  +   Increase in oil products turnover (+6.1%) as the result of deeper  crude 
    oil processing and attraction of large  gasoline shipments to the port  of 
    Novorossiysk.
  +   Iron ore transshipment volumes increased (+49.7%) after low shipments in
    the first months of last year.

Liquid cargo

In Q1 2019, the volume of  liquid cargo transshipment at NCSP Group  terminals 
was 5.5% higher (1,375 thousand tons) compared to January-March last year  and 
amounted to 26,540 thousand tons.

The volume of crude oil transshipment in January-March 2019 had an increase of
5.2% compared to the same period in 2018 and amounted to 16,429 thousand tons.
The volume of oil products transshipment grew by 6.1% or 570 thousand tons  to 
9,838 thousand tons.

Compared to Q1 2018,  transshipment of liquid  fertilizers (UAN) increased  by 
1.5%, and the volume of seed oils transshipment was down by 15.1%.

Transshipment of seed oils to IPP LLC was launched in November 2018. The cargo
turnover in January-March 2019 amounted to 83.3 thousand tons.

Bulk cargo

In the first quarter of 2019, the  volume of bulk cargo transshipment at  NCSP 
Group  terminals  declined  by  18.3%   or  822  thousand  tons  compared   to 
January-March last year and amounted to 3,678 thousand tons.

This was  caused by  low volumes  of grain  transshipment in  comparison  with 
January-March 2018  due  to  poorer  harvest against  the  record  figures  in 
2017/2018.

Grain transshipment  through NCSP  Group amounted  to 2,215  thousand tons  in 
January-March 2019 (35% lower compared to the same period last year).

The volume of iron ore transshipment increased by 49.7% (260 thousand tons) to
783 thousand tons. Coal transshipment decreased  by 4.5% to 379 thousand  tons 
compared to January-March last year due to a significant drop in quotations on
foreign markets in 2019.

Chemical and raw sugar  turnover amounted to 191  (an increase of 106.6%)  and 
109 thousand tons (an increase of 41.5%), respectively.

General cargo

In the first  quarter of 2019,  the volume of  general cargo transshipment  at 
NCSP  Group  terminals  rose  by  13.9%  or  500  thousand  tons  compared  to 
January-March last year and amounted to 4,092 thousand tons.

This was caused by rising ferrous metals shipments due to active sales (mainly
to EU countries). The  volume of ferrous metals  and cast  iron  transshipment 
increased by 18.8% or 594 thousand tons to 3,755 thousand tons.

Non-ferrous metals, timber and perishable goods transshipment volumes amounted
to 239 thousand tons, 82 thousand tons and 15 thousand tons, respectively.

Container turnover

The volume of container  transshipment through NCSP Group  docks in the  first 
quarter of 2019 amounted to 1,509 thousand tons or 161 thousand TEU, which  is 
2.8% in tons and 5.7% in TEU more than in January-March 2018.

Other cargo

In Q1 2019, turnover of other cargoes at NCSP Group terminals amounted to  131 
thousand tons, down by 53.6% compared to January-March last year.

NCSP Group is  the largest  port operator in  Russia by  cargo turnover.  PJSC 
Transneft is the controlling shareholder (62%) of PJSC NSCP.

NCSP Group is traded  on Moscow Exchange (NMTP)  and London Stock Exchange  as 
GDRs (NCSP). NCSP Group volumes in 2018 totaled 140.2 million tons. NCSP Group
consists of: PJSC NSCP, LLC Primorsk Trade Port, JSC Novorossiysk Ship  Repair 
Yard, JSC NCSP Fleet, JSC NLE, LLC  IPP, Baltic Stevedore Company LLC and  LLC 
SFP.

 

For more  information,  please  visit  our  website  http://www.nmtp.info/  or 
contact:

For press:  MSidorov@ncsp.com

 

Back to list