PJSC 'Novorossiysk Commercial Sea Port' (NCSP)
Consolidated cargo turnover of NCSP Group for January-May 2021 against the same period the year before
NCSP Group's (LSE: NCSP, MOEX: NMTP) cargo turnover totals 47.5 million tons (-12.7%).
Transshipment of liquid cargo amounted to 37.4 million tons, down by 7.3 million tons (-16.4%). The indicator was mostly affected by the decrease in transshipment of crude oil (-22.8%, or 6.4 million tons) against the backdrop of a decline in oil exports (implementation of the OPEC+ agreement to reduce oil production from May 1, 2020).
Transshipment of dry cargo amounted to 10 million tons (up by 4.4% or 0.4 million tons). The growth in ferrous metals and iron, sugar, containers, perishables and chemical goods offset a slight decrease in transshipment of other cargo.
The growth in ferrous metals and iron turnover was driven by strong demand for exports amid record prices in global markets. The increase in sugar transshipment was due to higher demand from CIS Asian countries for imported raw sugar for processing.
Container transshipment amounted to 2.1 million tons (up by 7.4% or 0.1 million tons). Growth of container turnover in twenty-foot equivalent (TEU) was 9.1%.
NCSP Group cargo turnover for January-May 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 LLC NMT on a parity basis.
For more information contact:
For press: MSidorov@ncsp.com
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