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Bloomberg 02.08.2019
Bloomberg: NCSP Group's consolidated cargo turnover for January-April 2019 totaled 47.6 million tons

NCSP Group (LSE: NCSP, MOEX: NMTP) hereby reports that NCSP Group's consolidated cargo turnover for January-April 2019 grew by 0.3% year over year and reached 47,636 thousand tons.
Key drivers

  +   Growth in crude oil transshipment  (+5.8%) amid the general increase  in 
    the export of this raw material from Russia.
  +   Increase in diesel  fuel shipments with higher  total cargo turnover  of 
    oil products (+6.1%).
  +   Growth in transshipment of  chemical cargoes (+109.4%) due to  increased 
    shipments of non-hazardous  mineral fertilizers  in the  first quarter  of 
    2019.
  +   Growth in transhipment of iron ore raw materials (+33.5%) in  comparison 
    with a low number of shipments in the first months of the previous year.
  +   Decrease  in  grain turnover  (-43.2%)  versus the  past  year's  record 
    harvest.

Liquid cargoes

In January-April 2019, liquid cargo  transshipments at NCSP Group's  terminals 
grew by 5.6%  or 1,907,000 tons  compared to  the same period  last year,  and 
totaled 35,865,000 tons.

 

The volume of crude oil transshipment in January-April 2019 rose by 5.8%  over 
the same period of 2018 and amounted  to 22,722,000 tons. The turnover of  oil 
products grew by 6.1% or 741,000 tons and reached 12,796,000 tons.

The transshipment of liquid fertilizers (UAN) and vegetable oils decreased  as 
compared to January-April 2018 by 6.7% and 37%, respectively.

At its vegetable oil  transhipment terminal (launched  in November 2018),  IPP 
LLC shipped 89,300 tons of vegetables oils for the reporting period of 2019.

Bulk cargoes

In January-April  2019, bulk  cargo transhipments  at NCSP  Group's  terminals 
dropped by 27.5% or 1,673,000 tons compared to the same period last year,  and 
totaled 4,401,000 tons.

This reduction was caused by low  volumes of grain transshipments as  compared 
to January-April 2019  due to  poorer harvest  against the  record figures  of 
2017/2018. For the reporting period of  2019, the grain turnover through  NCSP 
Group  amounted  to  2,610,000  tons   (a  43.2%  reduction  as  compared   to 
January-April 2018).

The cargo turnover of iron ore raw materials grew by 33.5% or 243,000 tons and
totaled 969,000 tons.

Coal transshipments decreased by 19% year over  year to 435,000 tons due to  a 
significant drop in quotations on foreign markets in 2019.

The turnover of chemical products grew by 109.4% or 116,000 tons and  amounted 
to 221,000 tons.

Raw sugar transshipments were up by  51.3% or 57,000 tons and reached  167,000 
tons.

General cargoes

In January-April 2019, general cargo  transhipments at NCSP Group's  terminals 
remained at the previous year's level totalling 5,005,000 tons.

Ferrous metals and cast  iron transshipments grew by  3.4% or 151,000 tons  to 
4,571,000 tons.

Timber cargo  transshipments increased  by 12.7%  or 13,000  tons and  reached 
118,000 tons.

Non-ferrous metals  and perishable  freight transhipments  dropped to  292,000 
tons and 25,000 tons, respectively.

Container turnover

In January-April 2019, the turnover of containers through NCSP Group's  berths 
amounted to 2,205,000 tons or  228,000 TEU, which is 5.7%  in tons or 5.3%  in 
TEU more y-o-y.

Other cargoes

In January-April  2019,  transshipments  of  other  cargoes  at  NCSP  Group's 
terminals totaled 160,000 tons, which is  a 56.7% decrease as compared to  the 
same period of the previous year.

NCSP Group's cargo turnover for January-April 2019/2018 (thousand tons) 
                               January-April      Change
                                2019   2018  Thousand t   %
Turnover, total                47,636 47,487    149      0.3%
Liquid cargo, total            35,865 33,959   1,907     5.6%
Crude oil                      22,722 21,479   1,243     5.8%
Oil products                   12,796 12,055    741      6.1%
UAN                             246    263      -18     -6.7%
Oils                            102    161      -60     -37.0%
Bulk cargo, total              4,401  6,075    -1,673   -27.5%
Grain                          2,610  4,597    -1,987   -43.2%
Chemical cargo                  221    106      116     109.4%
Sugar                           167    110       57     51.3%
Iron ore raw materials          969    726      243     33.5%
Coal                            435    537      -102    -19.0%
General cargo, total           5,005  5,000      6       0.1%
Ferrous metals and cast iron   4,571  4,420     151      3.4%
Timber                          118    105       13     12.7%
Timber (thousand cubic meters)  214    190       24     12.7%
Non-ferrous metals              292    370      -79     -21.2%
Perishable cargo                 25    105      -79     -75.9%
Containers                     2,205  2,086     119      5.7%
Containers                     2,205  2,086     119      5.7%
     Containers (thousand TEU)  228    217       12      5.3%
Other                           160    368      -209    -56.7%

NCSP Group is  the largest  port operator in  Russia by  cargo turnover.  PJSC 
Transneft is the controlling shareholder (62%) of PJSC NSCP.

NCSP Group is traded  on Moscow Exchange (NMTP)  and London Stock Exchange  as 
GDRs (NCSP). NCSP Group volumes in 2018 totaled 140.2 million tons. NCSP Group
consists of: PJSC NSCP, LLC Primorsk Trade Port, JSC Novorossiysk Ship  Repair 
Yard, JSC NCSP Fleet, JSC NLE, LLC  IPP, Baltic Stevedore Company LLC and  LLC 
SFP.

 
 For more information, please contact:

For press:  MSidorov@ncsp.com 

 

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