Press Release

 

NCSP Group's consolidated cargo turnover for

January-February 2019 exceeded 23.4 million tons

 

April 8, 2019

NCSP Group (LSE: NCSP, MOEX: NMTP) hereby reports that NCSP Group's consolidated cargo turnover for January-February 2019 saw an increase of 4.9% compared to the same period last year and amounted to 23,401 thousand tons.

Main drivers

•   Increase in cargo traffic of raw sugar transit to the countries of Central Asia through the Novorossiysk port (+149.7% to the same period last year);
•   Growth in volumes of iron ore raw materials transshipment (+86.2% to the same period last year) amid a low number of shipments in the first months of last year;
•   Increase in oil products turnover (+9.4% to the same period last year) due to a growth in volumes of gasoline transshipment in large-tonnage batches in the Novorossiysk port;
•   Increase in crude oil transshipment volumes (+5.6% to the same period last year) amid a growth in export from the year beginning by 4.6% compared to the same period in 2018 (according to public sources);
•   A decrease of 30.6% in grain transshipment volumes against the background of average yield values of the current grain season compared to record values in 2017/2018.

Liquid cargo

In January-February 2019, the liquid cargo handling at NCSP Group's terminals increased by 6.7% or 1,090 thousand tons compared to the same period last year and totaled 17,345 thousand tons, including 10,530 thousand tons of crude oil, 6,662 thousand tons of oil products, 107 thousand tons of UAN and 47 thousand tons of seed oils.

Crude oil turnover grew by 5.6% or 554 thousand tons compared to the same period in 2018, including by 3.8% in Novorossiysk and 6.8% in Primorsk. Transshipment of oil products grew by 9.4% or 573 thousand tons, which is 1.6 p.p. higher than the industry growth rates (according to ASOP).

    Bulk cargo

In January-February 2019, transshipment of bulk cargo at NCSP Group's terminals increased by 11.8% or 325 thousand tons compared to the same period last year and reached 2,439 thousand tons.

The fall in bulk cargo turnover was caused by low grain transshipment rates compared to January-February 2018. The main reason was a low grain harvest this season in Russia against the background of a record level in 2017/2018.

Grain turnover through NCSP Group in January-February 2019 had a decrease of 30.6% compared to the same period last year and amounted to 1,522 thousand tons.

The volume of iron ore raw materials transshipment increased by 86.2% or 202 thousand tons and reached 435 thousand tons. Coal turnover increased by 13% and amounted to 244 thousand tons.

Transshipment of chemical cargo and raw sugar grew by 62.7% and 149.7%, respectively.

General cargo

In January-February 2019, transshipment of general cargo at NCSP Group's terminals increased by 16% or 361 thousand tons compared to the same period last year and amounted to 2,615 thousand tons.

Operating indicators of the general cargo transshipment increased mainly due to a growth in ferrous metals turnover. Transshipment of ferrous metals and cast iron increased by 23.4% or 458 thousand tons to 2,417 thousand tons.

Turnover of nonferrous metals, timber and perishable cargo amounted to 139 thousand tons, 52 thousand tons and 7 thousand tons, respectively.

Container turnover

The volume of containers transshipment at NCSP Group's terminals for January-February 2019 totaled 966 thousand tons or 105 thousand TEU, which was 7.7% higher in tons and 12.5% higher in TEU compared to the same period in 2018.

Other cargo

Transshipment of other cargo at NCSP Group's terminals totaled 36 thousand tons for January-February 2019.

 

NCSP Group's cargo turnover for January-February 2019/2018 (thousand tons)

	January-February		Change
	2019	2018	thousand tons	%
Cargo turnover, total	23,401	22,303	1,098	4.9%
Liquid cargo, total	17,345	16,255	1,090	6.7%
Crude oil	10,530	9,976	554	5.6%
Oil products	6,662	6,088	573	9.4%
UAN	107	106	2	1.8%
Oils	47	86	-39	-45.8%
Bulk cargo, total	2,439	2,764	-325	-11.8%
Grain	1,522	2,192	-670	-30.6%
Chemical cargo	128	79	49	62.7%
Sugar	109	44	65	149.7%
Iron ore raw materials	435	234	202	86.2%
Coal	244	216	28	13.0%
General cargo, total	2,615	2,254	361	16.0%
Ferrous metals and cast iron	2,417	1,959	458	23.4%
Timber	52	50	1	2.7%
Timber (thousand cubic meters)	94	91	3	2.7%
Nonferrous metals	139	208	-69	-33.4%
Perishable cargo	7	36	-29	-80.7%
Containers	966	897	69	7.7%
Containers	966	897	69	7.7%
Containers (thousand TEU)	105	93	12	12.5%
Other cargo	36	134	-97	-72.8%

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, LLC Novorossiysk Grain Terminal, JSC Novorossiysk Ship Repair Yard, JSC NCSP Fleet, JSC NLE, LLC IPP, Baltic Stevedore Company LLC, and JSC SFP.

 

For more information, please contact:

For press:  MSidorov@ncsp.com