NCSP Group's consolidated cargo turnover for January-April 2021, year-over-year
 

NCSP Group's (LSE: NCSP, MOEX: NMTP) cargo turnover totals 37.3 million tons (-18.7%).

Liquid cargo

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).

Dry cargo

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 ports increased by 1 p.p. to 11% year-over-year.

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

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.

For more information, please contact:

MSidorov@ncsp.com (for press)