NCSP Group's consolidated cargo turnover for 11M 2021 increased by 3.8%
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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