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2021 June 18   18:02

Consolidated cargo turnover of NCSP Group in 4M’2021 fell by 18.7% YoY

NCSP Group has published its consolidated cargo turnover for January–April 2021.

Transshipment of liquid cargo amounted to 29.4 million tons, down by 8.7 million tons (–22.9%). The indicator was mostly affected by decrease in transshipment of crude oil (-31.3%, or 7.5 million tons) against the backdrop of a general decline in oil exports (implementation of the OPEC+ agreement to reduce oil production from May 1, 2020).

Transshipment of dry cargo amounted to 7.8 million tons (up by 0.15 million tons or 2%). The growth in ferrous metals and iron, sugar, containers, perishables and chemical goods offset a slight decrease in transshipment of other cargo.

The growth in ferrous metals and iron turnover was driven by strong demand for exports amid record prices in global markets. The increase in sugar transshipment was due to higher demand from CIS Asian countries for imported raw sugar for processing.

Container transshipment amounted to 1.7 million tons (up by 0.03 million tons or 2%). Growth of container turnover in twenty-foot equivalent (TEU) was 17.5%.

In January–April 2021, the share of NCSP Group in container transshipment in Russian por ts increased by 1 p.p. to 11% year-over-year. 

NCSP Group's cargo turnover in January–April 2021/2020 (thsd t)

January–April

Change

2021

2020

thsd t

%

Cargo turnover, total

37,289.338

45,872.860

–8,583.522

–18.71%

Liquid cargo, total

29,440.884

38,176.074

–8,735.190

–22.88%

Crude oil

16,547.795

24,090.170

–7,542.375

–31.31%

Oil products

12,475.831

13,666.675

–1,190.845

–8.71%

UAN

220.389

223.084

–2.695

–1.21%

Oils

196.869

196.145

0.725

0.37%

Bulk cargo, total

2,156.880

2,285.793

–128.912

–5.64%

Iron ore raw materials

1,218.517

1,549.279

–330.762

–21.35%

Other ore cargo

4.468

23.764

–19.296

–81.20%

Chemical cargo

293.680

249.395

44.285

17.76%

Coal

436.405

458.765

–22.359

–4.87%

Sugar

203.810

4.590

199.220

4,340.16%

General cargo, total

3,920.936

3,646.409

274.527

7.53%

Ferrous metals and cast iron

3,493.928

3,183.831

310.097

9.74%

Timber

24.867

41.061

–16.194

–39.44%

Timber (thsd cubic m)

45.212

74.656

–29.444

–39.44%

Nonferrous metals

314.924

372.856

–57.932

–15.54%

Perishable cargo

87.218

48.662

38.556

79.23%

Containers

1,681.741

1,649.584

32.157

1.95%

Containers

1,681.741

1,649.584

32.157

1.95%

Containers (thsd TEU)

206.204

175.463

30.741

17.52%

Other cargo

88.897

115.000

–26.104

–22.70%


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

NCSP Group comprises PJSC Novorossiysk Commercial Sea Port, Primorsk Trade Port LLC, JSC Novorossiysk Ship Repair Yard, JSC NCSP Fleet, JSC NLE, IPP LLC, Baltic Stevedore Company LLC, and JSC SFP. PJSC NCSP and PJSC Transneft own NCS LLC on a parity basis.

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