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NCSP Group’s cargo throughput rises 6.9 percent in January

Tuesday, 14 February 2012 | 11:00
Total cargo traffic across the terminals of Novorossiysk Commercial Sea Port (NCSP Group) in January rose 6.9-percent from a year ago, to 13.8 million tons, the Group's news release said.
In January, liquid bulk volumes were up 5.5% year-on-year (+0.6 mln tons).
Shipments of crude oil totaled 9.9 million tons, an increase of 5.2% from last year's numbers. This growth is attributed to the increase in volumes of Primorsk Trade Port Ltd by 0.9 million tons or by 16.4%.
Oil products volumes handled by the Group in the reporting period totaled 1.7 million tons, including 600,000 tons of diesel fuel exported from Primorsk Trade Port Ltd.
In January 2011 the Group handled 0.57 million tons of grain.
General cargo traffic leaped by nearly 22 percent to 849,300 tons fueled by a 40-percent surge in ferrous metals volume and a 29-percent growth in perishable goods.
Shipments of timber cargo dropped by 50.5%, of non-ferrous metals - by 20.9%, other cargoes by 38.3%.
Container traffic decreased by 13.7% versus January 2011 and totaled 41,700 TEU.
Deputy CEO for marketing and sales of PJSC NCSP Rado Antolovic commented:
“January results were significantly influenced by weather conditions in Novorossiysk. There were eight storm warnings with total duration of more than 12 days during the month. The last time that similar weather conditions were observed was in December 1997. However, despite the unfavorable weather conditions, NCSP Group management team was able to achieve growth in cargo turnover of 6.9% versus the same period of last year”.
Novorossiysk Commercial Sea Port is the largest Russian port operator and the 3rd operator in Europe in terms of cargo turnover. NCSP shares are traded on Russia's MICEX exchange (NMTP) and on the London Stock Exchange in the form of GDRs (NCSP).
50.1% shares of PJSC "NCSP" belongs to Novoport Holding Ltd, beneficiaries owners of which are JSC “Transneft” and Ziyavudin Magomedov (Summa Group). NCSP Group consolidated cargo turnover in 2011 totaled 157 million tons. Consolidated revenue according to IFRS for the nine months of 2011 totaled $782 million and EBITDA of $404 million. NCSP Group combines the following stevedore companies: OJSC Novorossiysk Commercial Sea Port, Primorsk Trade Port Ltd (since 2011), PJSC Novorossiysk Grain Terminal, OJSC Novorossiysk Shipyard, PJSC Fleet of NCSP, OJSC NLE, OJSC IPP, and Baltic Stevedoring Company Ltd.
Source: Novorossiysk Commercial Sea Port Group
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