29.12.2021 NCSP Group’s consolidated cargo turnover for 11M 2021 increased by 3.8%
NCSP Group’s (LSE: NCSP, MOEX: NMTP) cargo turnover totals 105.2 million tonnes (+3.8%).
Transshipment of liquid cargo was up by 3.5 million tonnes (+4.3%) to 84.1 million tonnes. Transshipment of oil products surged by 2.1 million tonnes (7.2%), which is 4.2 p. p. higher compared to overall industry indicators.
“Oil turnover increased by 1.5 million tonnes (+2.9%) amid the growth of transshipment through Primorsk Trade Port LLC,” General Director of PJSC NCSP Sergey Kireev noted.
Dry cargo transshipment grew by 1.6% to 21.1 million tonnes. The drivers behind the growth were raw sugar, chemical cargo and containers:
- Raw sugar cargo turnover was up 6 times compared to the previous year and amounted to 0.7 million tonnes. This is thanks to the improved demand from CIS Asian countries for imported raw sugar for processing against the backdrop of a decrease in exports of Russian white sugar.
- Chemical cargo transshipment volume touched 1.2 million tonnes (+64% / 0.5 million tonnes) due to increased export of non-hazardous fertilizers at the direct option. In the meantime, the turnover of chemical cargo dropped by 0.8% industrywide.
- Turnover of containers grew to 4.3 million tonnes (+6.4% / 0.3 million tonnes) mainly due to an increase in transshipment volumes through the BSC LLC terminal. According to Sergey Kireev, the growth rates of cargo turnover (TEU) across NCSP Group amounted to 22.5%, 16 p.p. higher than in the industry as a whole.
NCSP Group's cargo turnover for 11M 2021/2020 (thsd t)
NCSP Group is the largest port operator in Russia by cargo turnover. Its controlling shareholder (62%) is PJSC Transneft.
NCSP Group comprises PJSC NCSP, Primorsk Trade Port LLC, JSC Novorossiysk Ship Repair Yard, JSC NCSP Fleet, SC NCSP Fleet, IPP LLC, Baltic Stevedore Company LLC, and «SFP» LLC. PJSC NCSP and PJSC Transneft own NCS LLC on a parity basis.
For more information, please contact:
For press: MSidorov@ncsp.com