NCSP Group cargo turnover for 9M 2015 grew 2.9% and reached 104 mln t
NCSP Group reports that its consolidated cargo turnover for 9M 2015 comprised 104 million tonnes, up 2.9% or 2.9 mln t year-on-year.
Transshipment of liquid cargo comprised 80 764 thousand tonnes; bulk cargo – 8 735 thousand tonnes; general cargo – 10 571 thousand tonnes; and containers – 3 899 thousand tonnes.
Volumes of liquid cargo increased 1.8% year-on-year; bulk and general cargo increased 1.4% and 18.3% year-on-year respectively. Container traffic reduced 5.7% year-on-year in tonnes.
CEO of PJSC NCSP Sultan Batov commented on Group’s 9M 2015 operating results:
«NCSP Group has successfully ended three quarters of 2015 with 2.9% year-on-year volumes’ growth, in line with the Russian port industry.
Volumes of oil products, chemical cargo, coal, and ferrous metals have been showing sustainable growth since the beginning of the year. Performance of other cargoes also improved.
The lag in crude oil volumes reduced almost three times – from -4.0% year-on-year for 6M 2015 down to -1.4% year-on-year for 9M 2015.
Reduction of container traffic also slowed down two times in tonnes – from -11.1% year-on-year for 6M 2015 down to -5.7% year-on-year for 9M 2015».
During nine months of 2015 NCSP Group’s terminal have transshipped 80 764 thousand tonnes of liquid cargo. Crude oil volumes totaled 56 328 thousand tonnes. Oil products amounted to 23 763 thousand tonnes and exceeded that of the same time last year by 2 343 thousand tonnes or 10.9%, which is three times as much, as industry’s average growth, according to ASOP. UAN and seed oils volumes in January-September 2015 comprised 520 thousand tonnes and 154 thousand tonnes respectively.
Bulk cargo volumes in the reporting period totaled 8 735 thousand tonnes, including 4 500 thousand tonnes of grain; 847 thousand tonnes of chemical cargo; 769 thousand tonnes of sugar; 1 533 thousand tonnes of iron ore, and 1 087 thousand tonnes of coal.
Reduction of grain volumes in September compared to August 2015 is explained by the shift of Egypt’s procurement schedule to October, and the willingness of grain traders to postpone shipment till the anticipated reduction of the export duty in October as well.
Chemical cargo volumes increased 72.8% year on year, as growth rates sped up by 2.8 percent points compared to that of the eight months of 2015.
The lag in sugar volumes reduced by 3.1 percent points to -8.8% year-on-year compared to that of the eight months 2015.
Transshipment of iron ore grew 10.7% year-on-year, twice as much, as the industry’s average, according to ASOP.
General cargo volumes for three quarters of 2015 increased by 1 638 thousand tonnes or 18.3% year-on-year, and reached 10 571 thousand tonnes.
Volumes of ferrous metals and pig iron increased by 1 721 thousand tonnes or 23.8% year-on-year and reached 8 947 thousand tonnes, while growth rates accelerated by 3.4 percent points compared to that of the eight months 2015, and exceed industry’s average by 10.6 percent points, according to ASOP.
Non-ferrous metals volumes increased by 105 thousand tonnes or 13.6% year-on-year and reached 880 thousand tonnes.
Volumes of timber, perishable, and other cargo for 9M 2015 totaled 483 thousand tonnes, 125 thousand tonnes, and 136 thousand tonnes respectively.
Container traffic for the three quarters of 2015 comprised 3 899 thousand tonnes and 358 thousand TEU. Container volumes reduced 5.7% year-on-year in tonnes versus the 14.9% industry’s total drop, according to ASOP.
NCSP Group is the largest port operator in Russia and the third-largest in Europe, in terms of cargo turnover. NCSP Group cargo turnover in 2014 totalled 131 million tonnes. Consolidated revenue to IFRS in 2014 totalled USD 956 million and EBITDA was USD 569 million. NCSP Group consolidates the following companies: PJSC Novorossiysk Commercial Sea Port, LLC Primorsk Trade Port, PJSC Novorossiysk Grain Terminal, OJSC Novorossiysk Ship Repair Yard, OJSC NCSP Fleet, OJSC NLE, OJSC IPP, CJSC Baltic Stevedore Company, and CJSC SFP.
