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2010 December 14   08:27

NCSP’s cargo throughput down 5.4% to 74,56m tons in Jan-Nov

Freight turnover of the Group Novorossiysk Commercial Sea Port (NCSP) in January-November 2010 fell by 5.4% from the same period a year earlier to 74,562,700 tons, the NCSP’s press release said.
 
Reduction of the 11-month cargo volume, the Group said, was primarily due both to the Russian grain exports ban effective from this August, which has led to a nearly 30-percent cutback in grain shipment vs last year’s figures, and the volatility of crude oil exports volume, which also shrank by 5.4%.

Without the above positions, the Group’s cargo throughput for the 11-month period totaled 30,391,800 tons, 390,400 tons more than a year earlier.

Container traffic surged 98.7% from the same period of 2009 to 418,600 TEUs, perishable goods handling jumped 55.8% to 9,178,200 tons, nonferrous metals shipments reached 91,016,700 tons (+26.6%), bulk fertilizers volume rose by 25.5% t 1,834,100 tons. Transshipment of timber cargo and sugar gained 19.4% to 1,019,800 tons and 1,444,900 tons, respectively.

In the reporting period, the Group’s Baltic Stevedoring Company Ltd. was leading among other container terminals. The company implementing a project to boost its container terminal capacity to 400,000 TEUs acquired the third mobile crane, 10 container trucks with trailers and 4 RTG cranes to be delivered in December. In November this year, BSC was registered the resident of Kaliningrad Region’s Special Economic Zone. BSC’s container throughput soared in Jan-Nov by 257.8% as compared with the last year’s 11-month period.

However, there was a 4-percent decline in volume of petroleum products liquid mineral fertilizer (11,516,800 tons and 483,000 tons, accordingly). Transshipment of oil shrank by 55.1% to 116,900 tons. In the segment of bulked cargoes iron ore volume dropped by 19.3%, to 1,982,100 tons and handling of ferrous metals fell 12% to 7,155,400 tons.

Novorossiysk Commercial Sea Port Group is the largest Russian port operator. The NCSP shares are listed on the Russ. RTS and MICEX (ticker NMTP), on the London Stock Exchange (in the form of GDR, ticker: NCSP). In 2009 the NCSP Group’s throughput amounted to 86.5 million tons. Consolidated revenues of the Group (IFRS) for 2009 totaled $675.1 million, net income - $252,2 million.
 
The NCSP Group incorporates the following stevedore companies: PJSC Novorossiysk Commercial Sea Port, PJSC Novorossiysk Grain Terminal, OJSC Novorossiysk Ship Repair Yard, PJSC NCSP Fleet, OJSC Novoroslesexport, OJSC IPP, and Baltic Stevedoring Company Ltd.

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