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NCSP Group’s Consolidated Cargo Turnover For January-September Totaled 105.25 Million Tons

NCSP Group’s consolidated cargo turnover for January-September totaled 105.25 million tons

NCSP Group’s Consolidated Cargo Turnover For January-September Totaled 105.25 Million Tons

Novorossiysk, Russia (PortSEurope) November 27, 2018 – NCSP Group has reported that consolidated cargo turnover of the Group’s terminals for January–September 2018 was 105.25 million tons, down by 2.3% on the same period of 2017.

Highlights

– Growth trends in transshipment of oil products and grain remained positive (+12.4% and +26.6% respectively).

– Cargo turnover of ferrous metals and cast iron increased (+11.2%) due to the increase in deliveries to Europe and Southeast Asia.

– Reduction in crude oil transshipment by 14.2% due to the redistribution of oil exports from the West to the East, as well as due to an increase in the load of Russian refineries;

Liquid cargo

In January–September 2018, transshipment of liquid cargo at NCSP Group’s terminals decreased by 6.5 % or 5.219 million tons and amounted to 75.581 million tons, including 48.849 million tons of crude oil; 25.906 million tons of oil products; 583,000 tons of UAN, and 243,000 tons of seed oils.

Transshipment of crude oil decreased by 14.2% or 8.102 million tons, including in Novorossiysk (decrease by 9.8%) and Primorsk (down 17.2%). At the same time, transshipment of oil products increased by 12.4% or 2.851 million tons, which is 9.5 p.p. higher than the industry growth rate (according to Association of Commercial Sea Ports (ASOP)).Transshipment of liquid fertilizers (UAN) increased by 27.9%, transshipment of seed oils, on the contrary, decreased by 27.9% compared to the same period in 2017.

Bulk cargo

In January–September 2018, transshipment of bulk cargo at NCSP Group’s terminals increased by 9.4% or 1.126 million tons compared to the same period last year and amounted to 13.041 million tons.

Bulk cargo turnover increased mainly due to the growth of grain transshipment volumes against the background of high yield in the last grain season (2017/2018) and record exports in the first month of the new season (2018/2019), which was facilitated by the excitement in the grain market caused by the news about the drought in the agricultural regions of Europe and Australia.

Transshipment of grain increased by 26.6% or 1.983 million tons to 9.447 million tons. The volume of iron ore raw materials transshipment remained almost the same, having amounted to 1.854 million tons. Transshipment of coal decreased by 24.1% or 377,000 tons to 1.186 million tons due to lower purchasing power of consumers in Turkey amid ongoing devaluation of Turkish lira.

Transshipment of chemical cargo and raw sugar amounted to 425,000 and 128,000 tons, respectively.

Despite the growth of transshipment volumes, the share of NCSP Group in grain turnover of Russian ports increased (1.5 times, according to ASOP), due to a significant increase in exports of grain through small ports of the Azov Sea.

General cargo

In January–September 2018, transshipment of general cargo at NCSP Group’s terminals increased by 7.9% or 819,000 tons and reached 11.159 million tons.

Increase in general cargo transshipment was primarily due to the growth in cast iron transshipment related to active sales to EU countries and the expansion of sales markets (deliveries to Southeast Asia). Transshipment of ferrous metals and cast iron increased by 11.2% or 1.004 million tons to 9.991 million tons. Transshipment of nonferrous metals, timber and perishable cargo amounted to 758,000 tons, 244,000 tons and 166,000 tons, respectively.

Container turnover

In the reporting period, NCSP Group’s container turnover amounted to 4.681 million tons or 469,000  TEU, which is 6.7% in tons and 6.8% in TEU higher compared to the same period in 2017.

Other cargo

In January–September 2018, transshipment of other cargo at NCSP Group’s terminals amounted to 792,000 tons, increasing more than 2 times due to the involvement of various cargo to transshipment, which are mainly cargoes shipped in big bags and special containers at the direct option.

NCSP Group is the largest port operator in Russia by cargo turnover. NCSP Group consists of PJSC Novorossiysk Commercial Sea Port, LLC Primorsk Trade Port, LLC Novorossiysk Grain Terminal, JSC Novorossiysk Ship Repair Yard, JSC NCSP Fleet, JSC NLE, LLC IPP, Baltic Stevedore Company LLC, and JSC SFP.

Source: NCSP

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