18 Feb 2014 13:52
PRESS RELEASE
NCSP Group cargo turnover in January 2014 amounted to 11 mln tonnes
18 February 2014
Novorossiysk Commercial Sea Port Group (NCSP Group or the Group) (LSE: NCSP, Moscow Exchange: NMTP) announces today that its consolidated cargo turnover in January 2014 amounted to 10.9 million tonnes.
PJSC NCSP CEO Yuri Matvienko commented on January results: «Changes in group's cargo traffic in the first month of 2014 versus January 2013 were dominated by trends like continuing redirection of crude oil exports, substantial rebound in grain with a low base effect, and adverse weather conditions, which affected bulk and general cargo volumes by complicating railcars unloading and ship loading operations».
Liquid cargo
Liquid cargo in January 2014 totalled 8,823 ths tonnes, including 6,351 ths tonnes of crude oil; 2,380 ths tonnes of oil products; 55 ths tonnes of UAN; and 37 ths tonnes of seed oils.
Crude oil volumes were down by 1,900 ths tonnes versus that of January last year, of which 1,703 ths tonnes accounted for the reduction at the port of Primorsk. This decrease is driven mainly by increased throughput via alternative crude export routes and growing crude consumption by Russian refineries. Oil products handling increased by 78,1 ths tonnes or by 3.4%.
Bulk cargo
Bulk cargo handling in January 2014 comprised 730 ths tonnes. Strong growth trend in backed by rebounding grain volumes, which reached 378 ths tonnes, exceeding nine times the volume of January 2013, when grain exports virtually ceased due to poor crop and high prices on the domestic market. Raw sugar volumes continue growth on the back of local supplies shortage and increased transit shipments.
General cargo
General cargo volumes in January 2014 amounted to 990 ths tonnes, in line with January 2013. Handling of ferrous metals and pig iron comprised 842 ths tonnes, exceeding that of January 2013 by 41 ths tonnes. Non-ferrous metals volumes were down by 33 ths tonnes due to weak global demand and increased consumers' inventory before the New Year.
Containers
NCSP Group's container throughput in January 2014 totalled 48.7 ths TEU.
NCSP Group Cargo Turnover in January 2014 ('000 tonnes)
Type of cargo | January 2014 | January 2013 | Change | Change, % |
Cargo turnover, total | 10 902.9 | 12 422.7 | -1 519.8 | -12.2% |
Liquid cargo, total | 8 822.7 | 10 606.5 | -1 783.8 | -16.8% |
Crude oil | 6 351.2 | 8 251.5 | -1 900.3 | -23.0% |
Oil products | 2 379.8 | 2 301.7 | 78.1 | 3.4% |
UAN | 55.0 | 32.7 | 22.3 | 68.0% |
Seed oils | 36.7 | 20.6 | 16.1 | 78.2% |
Bulk cargo, total | 730.3 | 439.8 | 290.5 | 66.1% |
Grain | 377.7 | 41.2 | 336.5 | 816.7% |
Mineral fertilizers | 54.4 | 75.1 | -20.7 | -27.6% |
Sugar | 85.1 | 31.3 | 53.8 | 171.9% |
Iron ore and ore concentrate | 166.5 | 184.7 | -18.2 | -9.9% |
Scrap Metal | 0.0 | 0.0 | 0.0 | 0.0% |
Cement | 0.0 | 16.9 | -16.9 | -100.0% |
Coal | 46.6 | 90.6 | -44.0 | -48.6% |
General cargo, total | 989.8 | 981.9 | 7.9 | 0.8% |
Ferrous metals | 842.1 | 801.4 | 40.7 | 5.1% |
Timber | 43.6 | 48.9 | -5.3 | -10.8% |
Timber (ths cubic metres) | 79.3 | 88.9 | -9.6 | -10.8% |
Non-ferrous metals | 68.0 | 100.9 | -32.9 | -32.6% |
Perishable cargo | 24.2 | 18.6 | 5.6 | 30.1% |
Other | 11.9 | 12.1 | -0.2 | -1.7% |
Containers | 360.1 | 394.5 | -34.4 | -8.7% |
Containers (ths TEU) | 48.7 | 48.2 | 0.5 | 1.0% |
For your convenience, NCSP Group's monthly cargo turnover data is available in Excel format on the company's website.
ASOP data for cargo turnover of all Russian sea ports for 10M 2014 is available in Russian only at:
http://www.morport.com/rus/news/document1494.shtml
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). NCSP Group cargo turnover in 2013 totalled 141 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
Pjsc Novor. S (NCSP)