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OJSC Novorossiysk Shipyard’s cargo turnover dropped by 18.3% to 2.2 million tonnes in 2009 from 2.7 million tonnes in 2008. The company handled virtually no cement last year due to the downturn on the construction market, and transshipment of ferrous metals also dropped.


The company was able to partially offset the drop in turnover by attracting new types of cargo, such as aluminum produced by Kazakh companies and hot-rolled coil from Russian steelmakers.


Ferrous metals accounted for 96.8% of cargo transshipment in 2009, up by 7.2 percentage points from 2008 due to the sharp drop in cement cargo turnover.


OJSC Novorossiysk Shipyard’s share of NCSP Group’s total cargo turnover dropped to 2.5% in 2009 from 3.3% in 2008.


OJSC Novorossiysk Shipyard handled 458 ships at its berths in 2009.


The company repaired 27 ships in 2009, including 16 under a contract with PJSC Fleet of NCSP.