NCSP Group’s cargo volumes rise 3.9 percent
Cargo traffic passing through NCSP Group’s stevedoring assets in January-July 2012 totaled 94 million tons, a 3.9-percent gain compared to the same period in 2011, the Group said.
Handling of liquid bulk rose 2.0% to 1.5 million tons. Crude oil exports through the NCSP Group’s terminals in January-July totaled to 66.2 million tons, up 1.6% from a year earlier. The growth was driven by the cargo throughput at the port of Novorossiysk (+644,000 tons, or +2.6%) and by increased shipments through Primorsky Trade Port (+430,000 tons, or 1.1%).
The Group reported a 1.3-percent gain in oil product exports (+134,000 mt) to 10.5 million tons, including 3.3 million tons of diesel fuel transshipped at Primorsky Trade Port.
Grain exports totaled in January-July 4.6 million tons. Handling of general cargo rose 17% to 6.6 million tons.
The Group reported for the seven-month period a surge in cement volume, to 176,000 tons versus 41,000 tons a year before.
The growth in the segment of general cargo was pushed by increased shipments of ferrous metals (+982,000 tons), of timber (+61,000 tons), which offset a decline in seven-month volume of non-ferrous metals (-18,000 tons) and perishables (-98,000 tons .).
The Group's stevedores demonstrated robust performance in the segment of containerized cargoes.
Rado Antolovich, CEO of NCSP Group, comments: “Storm warnings for gales in excess of 15 m/s together with the ensuing emergency situation in total lasted 6 full days in July. During this period cargo handling and transport was limited.”
“The management of NCSP Group made a concerted effort to liquidate the problems created by the natural disaster as quickly as possible and to minimize possible losses incurred by the Group’s subsidiaries operating at the Novorossiysk Port,” Rado Antolovich added.
About NCSP Group
NCSP Group is the largest Russian port operator and the third largest in Europe by cargo turnover. NCSP shares are traded on Russia's MICEX-RTS exchange (ticker: NMTP) and its GDRs are traded on the London Stock Exchange (ticker: NCSP). NCSP is 50.1% owned by Novoport Holding Ltd, the beneficial owners of which are Transneft and Ziyavudin Magomedov (Summa Group). NCSP Group’s cargo turnover in 2011 totalled 157 million tonnes. Consolidated IFRS revenue in 2011 totalled USD1,050 million, with EBITDA of USD550 million. NCSP Group combines the following stevedore companies: OJSC Novorossiysk Commercial Sea Port, Primorsk Oil Terminal Ltd (since 2011), PJSC Novorossiysk Grain Terminal, OJSC Novorossiysk Ship Repair Yard, PJSC NCSP Fleet, OJSC NLE, OJSC IPP, and Baltic Stevedore Company Ltd.
