NCSP Group’s cargo turnover in Q1 2021 fell by 19%
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.
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)
|
January–March |
Change |
|||
|
2021 |
2020 |
thsd t |
% |
|
|
Cargo turnover, total |
27,510.614 |
34,092.232 |
–6,581.618 |
–19.31% |
|
Liquid cargo, total |
21,808.679 |
28,306.838 |
–6,498.159 |
–22.96% |
|
Crude oil |
12,106.545 |
17,644.592 |
–5,538.047 |
–31.39% |
|
Oil products |
9,381.341 |
10,354.542 |
–973.201 |
–9.40% |
|
UAN |
149.300 |
149.485 |
–0.185 |
–0.12% |
|
Oils |
171.493 |
158.219 |
13.274 |
8.39% |
|
Bulk cargo, total |
1,586.038 |
1,578.672 |
7.366 |
0.47% |
|
Iron ore raw materials |
970.512 |
996.770 |
–26.259 |
–2.63% |
|
Other ore cargo |
4.468 |
20.521 |
–16.053 |
–78.23% |
|
Chemical cargo |
168.739 |
216.126 |
–47.387 |
–21.93% |
|
Coal |
306.317 |
340.664 |
–34.348 |
–10.08% |
|
Sugar |
136.003 |
4.590 |
131.413 |
2,862.94% |
|
General cargo, total |
2,829.085 |
2,902.298 |
–73.213 |
–2.52% |
|
Ferrous metals and cast iron |
2,505.276 |
2,560.207 |
–54.931 |
–2.15% |
|
Timber |
24.867 |
31.610 |
–6.743 |
–21.33% |
|
Timber (thsd cubic m) |
45.212 |
57.473 |
–12.261 |
–21.33% |
|
Nonferrous metals |
247.046 |
284.471 |
–37.425 |
–13.16% |
|
Perishable cargo |
51.896 |
26.011 |
25.885 |
99.52% |
|
Containers |
1,238.751 |
1,214.567 |
24.183 |
1.99% |
|
Containers |
1,238.751 |
1,214.567 |
24.183 |
1.99% |
|
Containers (thsd TEU) |
154.791 |
134.461 |
20.330 |
15.12% |
|
Other cargo |
48.062 |
89.857 |
–41.795 |
–46.51% |
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.
