NCSP Group is one of the largest European providers of stevedoring and port services. The Group is the third largest port operator in Europe by cargo turnover, and the undisputed leader in the Russian market.
In 2011, the Group strengthened its market positions by completing the acquisition of Primorsk Trade Port (PTP), the largest and most advanced oil terminal in Russia and the country’s second largest port by cargo turnover after Novorossiysk itself. As a result of the deal, the Group not only became the owner of two of the country’s key port assets, but also significantly expanded geographic diversification of its business, while simultaneously setting the stage for future growth in the Baltic Sea.
The Group accounts for 29.3% of all cargo turnover through Russian seaports. The Company exceeded the country’s second largest port by turnover, the Big Port of St. Petersburg, by nearly three times in 2011.
The Company holds leading positions in transfer of crude oil (58.6% of total), sugar (70.8%), grain (29.6%), oil products (15.7%), ferrous metals (28.2%) and nonferrous metals (26.9%).
Acquisition of PTP enabled the Group to dramatically expand the scale of its business, increase geographic diversification and become the port industry leader in two key regions of Russia – the Northwest and the South.
The Company’s subsidiaries are located in Krasnodar Territory (Novorossiysk), Kaliningrad Region (Baltiysk) and Leningrad Region
The port in Novorossiysk, which is a key gateway for Russian import and export cargo, handles about 52% of the Group’s cargo turnover. NCSP Group accounts for 96% of the combined cargo turnover of stevedoring companies operating in Novorossiysk.
NCSP operates primarily at the Port of Novorossiysk (the “Port”), a multi-purpose, year-round, deep-water port located on the Russian shore of the Black Sea which has a rare combination of geographic, topographic and infrastructure advantages among ports in the Black Sea-Azov basin.
NCSP Group Financial Results for 9M 2013
Novorossiysk Commercial Sea Port Group (“NCSP Group” or the “Group”) (LSE: NCSP, Moscow Exchange: NMTP) today reports its interim condensed consolidated IFRS financial results for the nine months ending 30 September 2013.
NCSP Group and Sberbank Sign Agreement on Changes to Terms of US$ 1,950 Million Loan
Novorossiysk Commercial Sea Port Group (“NCSP Group” or the “Group”) (LSE: NCSP, Moscow Exchange: NMTP) announces that on 25 November 2013 it signed an agreement to change certain conditions of its US$ 1,950 million loan with Sberbank.