NCSP Group Cargo Traffic Up 6% in Q1 2015
Novorossiysk Commercial Sea Port Group (NCSP Group or the Group) (LSE: NCSP, Moscow Exchange: NMTP) reports that Group’s consolidated cargo turnover in Q1 2015 increased by 2 million tonnes or 6.0% year-on-year reaching 35.6 million tonnes.
Liquid cargo is up 1410 thousand tonnes or 5.2% year-on-year reaching 28 353.6 thousand tonnes. Bulk cargo grew by 180.5 thousand tonnes or 7.5% year-on-year totaling 2 583.1 thousand tonnes. General cargo increased by 543.1 thousand tonnes or 18.3% year-on-year to 3 510.5 thousand tonnes. Copntainer traffic in the reporting period totaled 118.1 thousand TEU and 1 178.5 thousand tonnes.
Commenting on NCSP Group’s operating results for January-March 2015 CEO of PJSC NCSP Sultan Batov said:
«Cargo volumes have been growing for three months from the beginning of the year. This is possible thanks to continuous reduction of export duties on crude oil, which boosted export volumes; sustainable growth of domestic oil refining and oil products’ exports; good demand for Russian steel and non-ferrous metals supported by ruble devaluation; achieving target levels of coal transshipment.
Improved weather conditions at Novorossiysk port, where storms lasted only five days in March versus ten days in February, as well as other factors, caused transshipment volumes to grow by 1 753.7 thousand tonnes or 16.5% in May versus February».
Liquid Cargo
NCSP Group loaded in January-March loaded 28 353.6 thousand tonnes of liquid cargo, which is by 1410 thousand tonnes or 5.2% more, than same period last year. Crude oil volumes remained practically flat year-on-year and comprised 19 508.7 thousand tonnes. Oil products volumes increased by 1 490.1 thousand tonnes or 20.8% year-on-year and reached 8 669 thousand tonnes. Volumes of UAN and vegetable oils in Q1 2015 comprised 99 thousand tonnes and 76.8 thousand tonnes respectively.
Bulk Cargo
Bulk cargo volumes in the first three months on 2015 increased by 180.5 thousand tonnes or 7.5% year-on-year and reached 2 583.1 thousand tonnes. Grain volumes totaled 1363.3 thousand tonnes; chemical cargo comprised 292 thousand tonnes; sugar volumes were 252 thousand tonnes; iron ore volumes accounted for 321.4 thousand tonnes, and coal volumes totals 354.4 thousand tonnes. Bulk volumes’ year-on-year growth rates accelerated 2.8 percentage points versus that of January-February 2015.
Chemical cargo* volumes increased by 160 thousand tonnes or 122.1% year-on-year thanks to attraction of extra volumes of Sulphur to complement fertilizers.
Iron-ore volumes in January-March 2015 have practically reached the level of Q1 2014, even though they were lagging 24.1% year-on-year in January-February 2015.
Coal volumes rose 120.4% year-on-year and 76.2% in March versus February 2015.
General Cargo
General cargo volumes in January-March 2015 increased by 543.1 thousand tonnes or 18.3% year-on-year and reached 3 510.5 thousand tonnes, while growth rates accelerated by 2.1 percentage points versus that of January-February 2015.
Ferrous metals and pig iron handling increased by 413.8 thousand tonnes or 16.4% year-on-year. Timber cargo grew by 27.9 thousand tonnes or 22.8% year-on-year.
Volumes of non-ferrous metals increased by 90.4 thousand tonnes or 43.0% year-on-year, and grew by 73.9 thousand tonnes or more than doubled in March versus February 2015.
Perishable cargo and other cargo in January-March 2015 comprised 47 thousand tonnes and 70.8 thousand tonnes respectively.
Container cargo
Group’s container traffic in January-March 2015 totaled 1 178.5 thousand tonnes and 118.1 thousand TEU.
NCSP Group Cargo Turnover in January-March 2015 (thousand tonnes)
|
|
January-March |
Change |
Change, % |
|
|
2015 |
2014 |
|||
|
Cargo turnover, total |
35 625.7 |
33 620.3 |
2 005.4 |
6.0% |
|
Liquid cargo, total |
28 353.6 |
26 943.6 |
1 410.0 |
5.2% |
|
Crude oil |
19 508.7 |
19 491.0 |
17.7 |
0.1% |
|
Oil products |
8 669.0 |
7 178.9 |
1 490.1 |
20.8% |
|
UAN |
99.0 |
167.8 |
-68.8 |
-41.0% |
|
Seed oils |
76.8 |
105.9 |
-29.1 |
-27.5% |
|
Bulk cargo, total |
2 583.1 |
2 402.6 |
180.5 |
7.5% |
|
Grain |
1 363.3 |
1 452.1 |
-88.8 |
-6.1% |
|
Chemical cargo* |
291.9 |
131.4 |
160.5 |
122.1% |
|
Sugar |
252.1 |
335.2 |
-83.1 |
-24.8% |
|
Iron ore and ore concentrate |
321.4 |
323.1 |
-1.7 |
-0.5% |
|
Coal |
354.4 |
160.8 |
193.6 |
120.4% |
|
General cargo, total |
3 510.5 |
2 967.4 |
543.1 |
18.3% |
|
Ferrous metals |
2 941.5 |
2 527.7 |
413.8 |
16.4% |
|
Timber |
150.5 |
122.6 |
27.9 |
22.8% |
|
Timber (ths cubic meters) |
273.6 |
222.9 |
50.7 |
22.7% |
|
Non-ferrous metals |
300.7 |
210.3 |
90.4 |
43.0% |
|
Perishable cargo |
47.0 |
74.2 |
-27.2 |
-36.7% |
|
Other |
70.8 |
32.6 |
38.2 |
117.2% |
|
Containers |
1 178.5 |
1 306.7 |
-128.2 |
-9.8% |
|
Containers (ths TEU) |
118.1 |
167.1 |
-49.0 |
-29.3% |
* Fertilizers, Sulphur, and other.
NCSP Group's monthly cargo turnover data is available in Excel on the company’s website.
