Last checked at 17 May 2021 14:30
PJSC 'Novorossiysk Commercial Sea Port' (NCSP) NCSP Group's consolidated cargo turnover for Q1 2021 year-over-year 17-May-2021 / 16:30 MSK Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. Press Release
NCSP Group's consolidated cargo turnover for Q1 2021 year-over-year NCSP Group's (LSE: NCSP, MOEX: NMTP) cargo turnover totals 27.5 million tons (-19%).
Liquid cargo Transshipment of liquid cargo amounted to 21.8 million tons, down by 6.5 million tons (-23%). This indicator was mainly impacted by reduced volumes of crude oil transshipment (down by 5.5 million tons or 31%) against the backdrop of: falling oil exports (implementation of the OPEC+ agreement since May 1, 2020 to limit oil production); adverse weather conditions in the port of Novorossiysk in January-February 2021, which resulted in the suspension of ship traffic and operation of port facilities.
Dry cargo Transshipment of dry cargo amounted to 5.7 million tons (down by 0.1 million tons or 1%). The slight decrease in the turnover of ore, ferrous metals, nonferrous metals and coal (mainly due to the weather) was partially offset by the increase in transshipment of sugar, containers and perishable goods.
Despite the decline in nonferrous metals cargo turnover driven by the redistribution of supplies from traditional directions to China, the share of NCSP in the Azov-Black Sea basin grew by 2 p.p. to 73%.
The drop in transshipment of other cargo is due to the transition of part of March shipments to April and the decrease in cattle imports.
Container transshipment amounted to 1.2 million tons (up by 0.02 million tons or 2%). Growth of container turnover in twenty-foot equivalent (TEU) was 15%.
In Q1 2021, the share of NCSP Group in container transshipment in Russian ports increased by 2 p.p. to 12% year-over-year. Baltic Stevedore Company achieved record indicators of containers transshipped in the history of the terminal's existence, and at the end of Q1 2021 took the seventh place in terms of container turnover among stevedores of Russia.
NCSP Group's cargo turnover in January-March 2021/2020 (thsd t)
NCSP Group is the largest port operator in Russia by cargo turnover. Its controlling shareholder (62%) is PJSC Transneft.
NCSP Group comprises PJSC Novorossiysk Commercial Sea Port, Primorsk Trade Port LLC, JSC Novorossiysk Ship Repair Yard, JSC NCSP Fleet, JSC NLE, IPP LLC, Baltic Stevedore Company LLC, and JSC SFP. PJSC NCSP and PJSC Transneft own NCS LLC on a parity basis.
For more information, please contact: MSidorov@ncsp.com (for press) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ISIN: | US67011U2087 |
| Category Code: | MSCH |
| TIDM: | NCSP |
| LEI Code: | LEIA0010014976 |
| Sequence No.: | 105572 |
| EQS News ID: | 1197371 |
| End of Announcement | EQS News Service |
UK Regulatory announcement transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.