Last checked at 14 Aug 2013 10:00
PRESS RELEASE
NCSP Group turnover in 7M 2013 amounted to 83.3 mln tonnes
14.08.2013
Novorossiysk Commercial Sea Port Group (NCSP Group or the Group) (LSE: NCSP, Moscow Exchange: NMTP) announces today that its consolidated cargo turnover for the period of January-July 2013 amounted to 83.3 million tonnes, compared to 94.0 million tonnes in the first seven months of 2012.
Liquid cargo
Handling of liquid cargo in 7M 2013 was 70,161 ths tonnes, compared to 77,265 ths tonnes in January-July 2012. Crude oil handling in the reporting period totalled 54,720 ths tonnes, oil products handling amounted to 14,976 ths tonnes, while handling of other liquid cargoes amounted to 465 ths tonnes in the first seven months of 2013. Oil products handling in January-July grew at the even faster year-on-year pace of 43.0%, compared to a 40.5% year-on-year increase for the first six months of 2013. The Novorossiysk Fuel Oil Terminal remains the primary source of growth, with volumes up 165.6% year-on-year during the reporting period.
Bulk cargo
NCSP Group handled 3,894 ths tonnes of bulk cargo in 7M 2013 compared to 7,101 tonnes a year earlier.
The end of the first seven months of 2013 marked the start of a recovery in grain volumes. NCSP Group handled 812 ths tonnes of grain in 7M 2013, which is a 70.0% increase over the amount handled during the first half of the year. With exports of the new grain crop under way, this tendency is expected to continue.
Iron ore handling increased 15.7% year-on-year during January-July 2013, reaching 1,288 ths tonnes, despite a 3.8% year-on-year decrease in handling of iron ore at all Russian sea ports during the same period, according to ASOP*.
Sugar handling in July recovered due to transit shipments destined to CIS countries, helping volumes increase 10.5% year-on-year for January-July 2013.
General cargo
General cargo volumes in 7M 2013 amounted to 6,351 ths tonnes. Ferrous metals volumes amounted to 5,145 ths tonnes; the 3.4% year-on-year decrease was smaller than the 17.3% year-on-year decline seen at all Russian sea ports during the seven month period, according to ASOP*. Timber handling decreased by 33.0% year-on-year, in line with overall industry trends.
Containers
NCSP Group's total container throughput in January-June 2013 was 368.5 ths TEU, which is in line with 2012 volumes.
NCSP Group Cargo Turnover in January-July 2013 ('000 tonnes)
Type of cargo | 7M 2013 | 7M 2012 | Change | Change, % |
Cargo turnover, total | 83,278.2 | 93,995.2 | (10,717.0) | (11.4%) |
Liquid cargo, total | 70,161.0 | 77,265.0 | (7,104.0) | (9.2%) |
Crude oil | 54,720.1 | 66,241.2 | (11,521.1) | (17.4%) |
Oil products | 14,975.9 | 10,471.7 | 4,504.2 | 43.0% |
UAN | 353.8 | 206.5 | 147.3 | 71.3% |
Seed oils | 111.2 | 345.6 | (234.4) | (67.8%) |
Bulk cargo, total | 3,894.0 | 7,100.9 | (3,206.9) | (45.2%) |
Grain | 812.2 | 4,607.1 | (3,794.9) | (82.4%) |
Mineral fertilizers | 502.9 | 665.6 | (162.7) | (24.4%) |
Sugar | 565.4 | 511.5 | 53.9 | 10.5% |
Iron ore and ore concentrate | 1,287.7 | 1,113.4 | 174.3 | 15.7% |
Scrap Metal | 2.6 | 26.9 | (24.3) | (90.3%) |
Cement | 157.5 | 176.4 | (18.9) | (10.7%) |
Coal | 565.7 | 0.0 | 565.7 | 0.0% |
General cargo, total | 6,351.5 | 6,600.8 | (249.4) | (3.8%) |
Ferrous metals | 5,144.6 | 5,326.3 | (181.7) | (3.4%) |
Timber | 277.2 | 413.8 | (136.6) | (33.0%) |
Timber (ths cubic metres) | 503.6 | 748.7 | (245.1) | (32.7%) |
Non-ferrous metals | 617.6 | 645.7 | (28.1) | (4.4%) |
Perishable cargo | 177.3 | 142.1 | 35.2 | 24.8% |
Other | 134.8 | 72.9 | 61.9 | 84.9% |
Containers | 2,871.7 | 3,028.4 | (156.7) | (5.2%) |
Containers (ths TEU) | 368.5 | 369.4 | (0.9) | (0.2%) |
For your convenience, NCSP Group's monthly cargo turnover data is available in Excel format on the company's website.
*ASOP: Cargo handling volumes at Russian sea ports for 7M 2013 (in Russian) http://portnews.ru/news/165289/
About NCSP Group
NCSP Group is the largest port operator in Russia and the third-largest in Europe, in terms of cargo turnover. NCSP shares are traded on Russia's Moscow Exchange (ticker: NMTP) and on the London Stock Exchange in the form of GDRs (ticker: NCSP). 50.1% shares of PJSC "NCSP" belong to Novoport Holding Ltd, the beneficial owners of which are OJSC "Transneft" and Summa Group. NCSP Group cargo turnover in 2012 totalled 159 million tonnes. Consolidated revenue according to IFRS in 2012 totalled USD 1,034 million and EBITDA was USD 591.5 million. NCSP Group consolidates the following companies: PJSC "Novorossiysk Commercial Sea Port", LLC "Primorsk Trade Port", PJSC "Novorossiysk Grain Terminal", OJSC "Novorossiysk Ship Repair Yard", OJSC "NCSP Fleet", OJSC "NLE", OJSC "IPP", CJSC "Baltic Stevedore Company", and CJSC "SFP".
Contacts:
Kristina Senko, Public Relations; KSenko@ncsp.com
Mikhail Shchur, Investor Relations; MShchur@ncsp.com