PJSC 'Novorossiysk Commercial Sea Port' (NCSP)
NCSP Group's consolidated cargo turnover for 11M 2021 increased by 3.8%

30-Dec-2021 / 12:30 MSK
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NCSP Group's consolidated cargo turnover for 11M 2021 increased by 3.8%

 

NCSP Group's (LSE: NCSP, MOEX: NMTP) cargo turnover totals 105.2 million tonnes (+3.8%).

 

Liquid cargo

 

Transshipment of liquid cargo was up by 3.5 million tonnes (+4.3%) to 84.1 million tonnes. Transshipment of oil products surged by 2.1 million tonnes (7.2%), which is 4.2 p. p. higher compared to overall industry indicators.
 

"Oil turnover increased by 1.5 million tonnes (+2.9%) amid the growth of transshipment through Primorsk Trade Port LLC," General Director of PJSC NCSP Sergey Kireev noted.

 

Dry cargo

 

Dry cargo transshipment grew by 1.6% to 21.1 million tonnes. The drivers behind the growth were raw sugar, chemical cargo and containers:

  • Raw sugar cargo turnover was up 6 times compared to the previous year and amounted to 0.7 million tonnes. This is thanks to the improved demand from CIS Asian countries for imported raw sugar for processing against the backdrop of a decrease in exports of Russian white sugar.
  • Chemical cargo transshipment volume touched 1.2 million tonnes (+64% / 0.5 million tonnes) due to increased export of non-hazardous fertilizers at the direct option. In the meantime, the turnover of chemical cargo dropped by 0.8% industrywide.
  • Turnover of containers grew to 4.3 million tonnes (+6.4% / 0.3 million tonnes) mainly due to an increase in transshipment volumes through the BSC LLC terminal. According to Sergey Kireev, the growth rates of cargo turnover (TEU) across NCSP Group amounted to 22.5%, 16 p.p. higher than in the industry as a whole.

 

NCSP Group's cargo turnover for 11M 2021/2020 (thsd t)

 

 

January-November

Change

2021

2020

thsd t

%

Cargo turnover, total

105,216.879

101,402.859

3,814.019

3.76%

Liquid cargo, total

84,096.715

80,625.462

3,471.253

4.31%

Crude oil

51,272.506

49,821.213

1,451.293

2.91%

Oil products

31,847.004

29,716.885

2,130.119

7.17%

UAN

660.526

669.224

-8.697

-1.30%

Oils

316.678

418.140

-101.462

-24.27%

Bulk cargo, total

6,497.421

6,436.728

60.693

0.94%

Iron ore raw materials

3,423.298

4,446.344

-1,023.046

-23.01%

Other ore cargo

43.743

45.443

-1.700

-3.74%

Chemical cargo

1,169.854

712.569

457.285

64.17%

Coal

1,135.805

1,111.933

23.872

2.15%

Sugar

724.720

120.438

604.282

501.74%

General cargo, total

10,047.559

9,955.263

92.296

0.93%

Ferrous metals and cast iron

8,870.675

8,708.688

161.987

1.86%

Timber

147.909

194.628

-46.719

-24.00%

Timber (thsd cubic m)

264.760

353.869

-89.109

-25.18%

Nonferrous metals

781.186

900.408

-119.223

-13.24%

Perishable cargo

247.790

151.539

96.251

63.52%

Containers

4,301.063

4,043.832

257.232

6.36%

Containers

4,301.063

4,043.832

257.232

6.36%

Containers (thsd TEU)

519.159

423.765

95.394

22.51%

Other

274.120

341.575

-67.455

-19.75%

 

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

 

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

 

For more information, please contact:

For press: MSidorov@ncsp.com



ISIN: US67011U2087
Category Code: MSCH
TIDM: NCSP
LEI Code: LEIA0010014976
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 133550
EQS News ID: 1263521

 
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