NOVOROSSIYSK COMMERCIAL SEA PORT
PJSC 'Novorossiysk Commercial Sea Port' (NCSP)
Press-release NCSPVolumesfor2017 totaled 143.5 million tons 29.01.2018 NCSPGroup(LSE: NCSP, MOEX: NMTP) herebyreportsthatGroup'sconsolidatedcargoturnoverfor the twelve months of 2017totaled 143 517 thousand tons. Aggregatedincreaseintransshipmentofallcargoestotaled 5 983 thousand tons, including 4 527 thousand tons of grain, 620 thousand tons of containers, 248 thousand tons of seed oils, 247 thousand tons of coal, 218 thousand tons of perishable cargo, 111 thousand tons of ferrous metals, and 11 thousand tons of other cargo. Aggregateddecreaseintransshipmentofallcargoestotaled9 378 thousand tons, including 6 367 thousand tons of crude oil, 1 389 thousand tons of oil products, 834 thousand tons of ferrous metals and pig iron, 235 thousand tons of iron ore and ore concentrate, 167thousand tons of timber, 150 thousand tons of raw sugar, 120 thousand tons of UAN liquid fertilizer, and 116 thousand tons of bulk fertilizers and sulphur (chemical cargoes). ConsequentlyGroup'svolumes in 2017 reduced by 3 395 thousand tons or 2.3% year-on-year. Transshipmentofliquidcargoin2017reducedby 7 628 thousand tons or 6.7% year-on-year and totaled 106 066 thousand tons, including 74 750 thousand tons of crude oil,30 300 thousand tons of oil products,596thousand tons of UAN, and 420 thousand tons of seed oils. Volumesofcrudeoilandoilproductsreduced7.8% and4.4% year-on-yearrespectively.WhiletransshipmentofcrudeoilatNovorossiyskgrewby 0.9% year-on-yearto30 708 thousand tons, at Primorsk it reduced by 13.1%year-on-year to 44 041 thousand tons. TransshipmentofoilproductsatNovorossiyskfellby1 202 thousand tons or 6.7% year-on-year to 16 699 thousand tons, while at Primorsk the drop was 1.4% percent - to 13 600 thousand tons. TotaltransshipmentofoilproductsatRussianseaportsin 2017 grewonly0.5% year-on-year thanks to increase of shipments from Tuapse refinery via the port of Tuapse, and from Anitipinsk and Maryisk refineries via a proprietary terminal in Murmansk. TransshipmentofUANliquidfertilizerreduced16.7% year on-year, while volumes of seed oils grew 144.3% year-on-year. Transshipmentofbulkcargo in2017 increasedby4 273 thousand tons or 33.1% year-on-year and reached 17 181 thousand tons. Grainvolumes inthereportingperiodshowed record breaking growth of 4 527 thousand tons or 67.7% year-on-year thanks to favorable market conditions and abundant harvest of 2017. TransshipmentofgrainatNCSPGroupin 2017 grewat a rate twiceas fast, as theindustry's average growth, which only amounted to 34.7% year-on-year, according to ASOP. NCSPGrouphas alsosetanotherrecordin 2017 and reached an all-times high in grain transshipment with 11 214 thousand tons of annual volume, which exceeded the previous 9 074 thousand tons record set in 2009 by 2140 thousand tons or 23.6%. Transshipmentofcoalin 2017 increasedby247 thousand tons or 14.1% year-on-year and reached 1 994 thousand tons. Transshipmentofironoreandoreconcentratein 2017 reduced by 235thousand tons or 7.9% year-on-year and totaled 2 752 thousand tons, due to factors like growing domestic demand, increase of exports to China and a drop in sales to Turkey, as well as rerouting some of the cargo to Eastern Europe and to alternative shipping routes partly due to shortage of railroad capacity in eth second half of the year. Volumesofrawsugarandchemicalcargoin 2017 reduced13.8% and 23.1% year-on-year down to 722and 500 thousand tons respectively.Dropinrawsugartransshipmentstemsfromspike in domestic sugar-beet production and cuts in transit shipments as they became too expensive. Transshipmentofgeneralcargoin 2017reduced by 671 thousand tons or 4.6% year-on-year and totaled 13 843 thousand tons. Volumesofferrousmetalsandpigironin 2017 reduced by 834 thousand tons or 6.5% year-on-year to 11 923 thousand tons. Mostexporters, includingMetalloinvestandEVRAZ, reducedshipmentdue to weak global demand and growing domestic consumption. Volumesoftimberreduced28.7% year-on-year to 413 thousand tons. Transshipmentofnon-ferrousmetalsincreasedby 111 thousand tons or 10.1% year-on-year and reached 1 216 thousand tons. Volumesofperishablecargoincreasedalmostfourfoldby 218 thousandtonsand reached 291 thousand tons thanks to resumed import of fresh fruits and vegetables from Turkey. Transshipmentofcontainersin 2017 increased 23.2% year-on-year in TEUand reached 596 thousand TEUor 5 952 thousand tons.NCSPGroup'scontainertrafficin 20-17 wasgrowing7.7 percent points ahead of the industry, while total transshipment of containers at Russian ports increased 15.5% year-on-year in TEU according to ASOP. ContainertrafficatBSCwasgrowingevenfasterby56% year-on-year in TEUthanks to increased supplies to the auto-assembly plants in Kaliningrad region. Transshipmentofothercargoin2017 totaled 476 thousand tons. NCSP Group Cargo Turnover for January-December 2017 (thousand tons)
About NCSP Group NCSP Group is the largest port operator in Russia and the third largest in Europe by cargo turnover in 2016. NCSP Group is traded on Moscow Exchange (NMTP) and London Stock Exchange as GDRs (NCSP). NCSP Group volumes in 2016 totaled 147 million tons. NCSP Group consists of: PJSC Novorossiysk Commercial Sea Port, Primorsk Trade Port LLC, Novorossiysk Grain Terminal LLC, OJSC Novorossiysk Ship Repair Yard, JSC NCSP Fleet, JSC NLE, OJSC IPP, Baltic Stevedore Company LLC, JSC SFP. Contacts Kristina Senko, Public Relations: KSenko@ncsp.com Mikhail Shchur, Investor Relations: MShchur@ncsp.com |
| ISIN: | US67011U2087 |
| Category Code: | TST |
| TIDM: | NCSP |
| Sequence No.: | 5147 |
| End of Announcement | EQS News Service |
649269 29-Jan-2018
