Novorossiysk Commercial Sea Port Group (NCSP Group or the Group) announces that NCSP’s Board of Directors elected Maxim Grishanin, First Vice President of Transneft, as its Chairman at a meeting on 12 July 2013.
NCSP Group is the largest port operator in Russia and the third-largest in Europe, in terms of cargo turnover. 50.1% shares of PJSC “NCSP” belong to Novoport Holding Ltd, the beneficial owners of which are PJSC “Transneft” and Summa Group. NCSP Group cargo turnover in 2012 totalled 159 million tonnes. Consolidated revenue according to IFRS in 2012 totalled USD 1,034 million and EBITDA was USD 591.5 million. NCSP Group consolidates the following companies: PJSC “Novorossiysk Commercial Sea Port”, LLC “Primorsk Trade Port”, PJSC “Novorossiysk Grain Terminal”, PJSC “Novorossiysk Ship Repair Yard”, PJSC “NCSP Fleet”, PJSC “NLE”, PJSC “IPP”, LLC “Baltic Stevedore Company”, and CJSC “SFP”.
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