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