Freight flows via Novorossiysk Commercial Sea Port Group (NCSP) in six straight months of 2010 totaled 42,148,500 tons, 2.6% down from H1, 2009, the NCSP press office said.
Half-year volume of exported crude oil declined by 7.2%, to 20.49 million tons. June crude volume fell by 1 million tons from last year’s May, largely due to shipment schedule changed by crude oil producers, the company’s press release said.
Half-year volume of exported crude oil declined by 7.2%, to 20.49 million tons. June crude volume fell by 1 million tons from last year’s May, largely due to shipment schedule changed by crude oil producers, the company’s press release said.
The liquid fertilizer and petroleum products volume in January - June rose to 225.900 tons (+17.9%) and to 6.67 million tons (+2.4%), respectively.
Six-month bulk cargoes volume amounted to 7,092,500 tons, a 5.7% drop from the same period last year, due to a decline in export volumes of iron ore. The Group redirected its capacities to handling of other bulk cargoes, in particular, fertilizer, which increased by 47.2%, to about 1 million tons.
"We expect the iron ore volume to be restored to monthly volume at 300,000 tons in H2 as we have singed several contracts. That will help achieve the last year’s level", the NCSP press release said.
Six-month bulk cargoes volume amounted to 7,092,500 tons, a 5.7% drop from the same period last year, due to a decline in export volumes of iron ore. The Group redirected its capacities to handling of other bulk cargoes, in particular, fertilizer, which increased by 47.2%, to about 1 million tons.
"We expect the iron ore volume to be restored to monthly volume at 300,000 tons in H2 as we have singed several contracts. That will help achieve the last year’s level", the NCSP press release said.
Grain transshipments increased by 2.1% in H1, to 4.48 million tons, while the share of Novorossiysk grain terminal in total half-year grain volume surged 60.7% (H1, 2009 – 56.5 %).
The volume of raw sugar hiked 38.9%, thanks to favorable market conditions, to about 1 million tons.
General cargo volume during the reporting period in comparison with January-June 2009 gained 2.6%, to 5.8 million tons. Non-ferrous metals rose by 11.7%, to 543.3 million tones, shipment of lumber - by 33.5%, to about 1 million tons, perishable goods jumped two times as much, to 156,000 tons.
Six-month container volume soared 68.2% from the same period last year to reach 203.900 TEUs.
The volume of raw sugar hiked 38.9%, thanks to favorable market conditions, to about 1 million tons.
General cargo volume during the reporting period in comparison with January-June 2009 gained 2.6%, to 5.8 million tons. Non-ferrous metals rose by 11.7%, to 543.3 million tones, shipment of lumber - by 33.5%, to about 1 million tons, perishable goods jumped two times as much, to 156,000 tons.
Six-month container volume soared 68.2% from the same period last year to reach 203.900 TEUs.
Commenting the Group’s operating results of the first half of 2010, Chairman of the NCSP’s Board of Directors Alexander Ponomarenko said that "the relative decline in cargo turnover of the Group in the first half of this year should be evaluated in the context of operating results in 2009, which was a record high in the NCSP’s history”
"In this case, given the year-volume volatility of crude oil exports, we find the result of the first half as positive. This year’s priority is the maintenance of 2009’s level of handled volume, implementing the investment program that would result in the launch of new capacities from the end of 2011," Mr. Ponomarenko said.
"There have been also noticeable positive trends in the cargo nomenclature in the reporting period. Thus, the proportion of such important cargoes for the Group as containers, grain and oil in the first half of this year rose by 4.2%, 10.6% and 15.8% of the total throughput, respectively,” said Alexander Ponomarenko.
Novorossiysk Commercial Sea Port is the largest Russian port operator. In 2009 the Group’s throughput totaled 86.5 million tons. Consolidated revenues of the Group for 2009 under IFRS amounted to $675.1 million, net income - $252.2 million.
NCSP Group includes the following stevedore companies: OJSC Novorossiysk Commercial Sea Port, OJSC Novorossiysk Grain Terminal, OJSC Novorossiysk Shipyard, JSC NCSP Fleet, OJSC Novoroslesexport OJSC IPP and Baltic Stevedoring Company Llc.