Press Release
NCSP Group's consolidated cargo turnover for January-April 2019 totaled 47.6 million tons
June 20, 2019
NCSP Group (LSE: NCSP, MOEX: NMTP) hereby reports that NCSP Group's consolidated cargo turnover for January-April 2019 grew by 0.3% year over year and reached 47,636 thousand tons.
Key drivers
- Growth in crude oil transshipment (+5.8%) amid the general increase in the export of this raw material from Russia.
- Increase in diesel fuel shipments with higher total cargo turnover of oil products (+6.1%).
- Growth in transshipment of chemical cargoes (+109.4%) due to increased shipments of non-hazardous mineral fertilizers in the first quarter of 2019.
- Growth in transhipment of iron ore raw materials (+33.5%) in comparison with a low number of shipments in the first months of the previous year.
- Decrease in grain turnover (-43.2%) versus the past year's record harvest.
Liquid cargoes
In January-April 2019, liquid cargo transshipments at NCSP Group's terminals grew by 5.6% or 1,907,000 tons compared to the same period last year, and totaled 35,865,000 tons.
The volume of crude oil transshipment in January-April 2019 rose by 5.8% over the same period of 2018 and amounted to 22,722,000 tons. The turnover of oil products grew by 6.1% or 741,000 tons and reached 12,796,000 tons.
The transshipment of liquid fertilizers (UAN) and vegetable oils decreased as compared to January-April 2018 by 6.7% and 37%, respectively.
At its vegetable oil transhipment terminal (launched in November 2018), IPP LLC shipped 89,300 tons of vegetables oils for the reporting period of 2019.
Bulk cargoes
In January-April 2019, bulk cargo transhipments at NCSP Group's terminals dropped by 27.5% or 1,673,000 tons compared to the same period last year, and totaled 4,401,000 tons.
This reduction was caused by low volumes of grain transshipments as compared to January-April 2019 due to poorer harvest against the record figures of 2017/2018. For the reporting period of 2019, the grain turnover through NCSP Group amounted to 2,610,000 tons (a 43.2% reduction as compared to January-April 2018).
The cargo turnover of iron ore raw materials grew by 33.5% or 243,000 tons and totaled 969,000 tons.
Coal transshipments decreased by 19% year over year to 435,000 tons due to a significant drop in quotations on foreign markets in 2019.
The turnover of chemical products grew by 109.4% or 116,000 tons and amounted to 221,000 tons.
Raw sugar transshipments were up by 51.3% or 57,000 tons and reached 167,000 tons.
General cargoes
In January-April 2019, general cargo transhipments at NCSP Group's terminals remained at the previous year's level totalling 5,005,000 tons.
Ferrous metals and cast iron transshipments grew by 3.4% or 151,000 tons to 4,571,000 tons.
Timber cargo transshipments increased by 12.7% or 13,000 tons and reached 118,000 tons.
Non-ferrous metals and perishable freight transhipments dropped to 292,000 tons and 25,000 tons, respectively.
Container turnover
In January-April 2019, the turnover of containers through NCSP Group's berths amounted to 2,205,000 tons or 228,000 TEU, which is 5.7% in tons or 5.3% in TEU more y-o-y.
Other cargoes
In January-April 2019, transshipments of other cargoes at NCSP Group's terminals totaled 160,000 tons, which is a 56.7% decrease as compared to the same period of the previous year.
NCSP Group's cargo turnover for January-April 2019/2018 (thousand tons)
|
January-April
|
Change
|
2019
|
2018
|
Thousand t
|
%
|
Turnover, total
|
47,636
|
47,487
|
149
|
0.3%
|
Liquid cargo, total
|
35,865
|
33,959
|
1,907
|
5.6%
|
Crude oil
|
22,722
|
21,479
|
1,243
|
5.8%
|
Oil products
|
12,796
|
12,055
|
741
|
6.1%
|
UAN
|
246
|
263
|
-18
|
-6.7%
|
Oils
|
102
|
161
|
-60
|
-37.0%
|
Bulk cargo, total
|
4,401
|
6,075
|
-1,673
|
-27.5%
|
Grain
|
2,610
|
4,597
|
-1,987
|
-43.2%
|
Chemical cargo
|
221
|
106
|
116
|
109.4%
|
Sugar
|
167
|
110
|
57
|
51.3%
|
Iron ore raw materials
|
969
|
726
|
243
|
33.5%
|
Coal
|
435
|
537
|
-102
|
-19.0%
|
General cargo, total
|
5,005
|
5,000
|
6
|
0.1%
|
Ferrous metals and cast iron
|
4,571
|
4,420
|
151
|
3.4%
|
Timber
|
118
|
105
|
13
|
12.7%
|
Timber (thousand cubic meters)
|
214
|
190
|
24
|
12.7%
|
Non-ferrous metals
|
292
|
370
|
-79
|
-21.2%
|
Perishable cargo
|
25
|
105
|
-79
|
-75.9%
|
Containers
|
2,205
|
2,086
|
119
|
5.7%
|
Containers
|
2,205
|
2,086
|
119
|
5.7%
|
Containers (thousand TEU)
|
228
|
217
|
12
|
5.3%
|
Other
|
160
|
368
|
-209
|
-56.7%
|
NCSP Group is the largest port operator in Russia by cargo turnover. PJSC Transneft is the controlling shareholder (62%) of PJSC NSCP.
NCSP Group is traded on Moscow Exchange (NMTP) and London Stock Exchange as GDRs (NCSP). NCSP Group volumes in 2018 totaled 140.2 million tons. NCSP Group consists of: PJSC NSCP, LLC Primorsk Trade Port, JSC Novorossiysk Ship Repair Yard, JSC NCSP Fleet, JSC NLE, LLC IPP, Baltic Stevedore Company LLC and LLC SFP.
For more information, please contact:
For press: MSidorov@ncsp.com