JSC NLE’s cargo turnover fell 35.5% in 2009 to 2.5 million tonnes as the global financial crisis caused a drop in container traffic. Container transshipment dropped by more than half to 84,500 TEU in 2009 from 182,000 TEU in 2008. Transshipment of forest products fell 5.6% to 934,000 tonnes. However, turnover surged 460% for ferrous metals and 53.4% for nonferrous metals.
This substantially transformed the structure of JSC NLE’s cargo turnover in 2009. Containers as a share of cargo turnover shrank by 34.4 percentage points to 32.3%, while forest products grew by 12 percentage points to 37.9%, ferrous metals jumped 17.1 percentage points to 20% and nonferrous metals rose 4.5 percentage points to 6.9%.
The drop in JSC NLE’s cargo turnover reduced the company’s share in total NCSP Group transshipment by nearly 2 percentage points to 2.8% in 2009 from 4.7% in 2008.
JSC NLE’s large available transshipment capacity will enable it to quickly increase cargo turnover as the container shipment market recovers.