OREANDA-NEWS. January 20, 2012. NCSP Group (LSE: NCSP, MICEX: NMTP) reports consolidated operating results for 2011.

To ensure comparability with previous periods the statistics have been adjusted for the volumes handled by Primorsk Trade Port Ltd., which was acquired by NCSP Group in January 2011.

NCSP Group’s total cargo turnover in the reporting period amounted to 157 million tons which represents an increase of 3.6 million tons or 2.3% versus 2010.

In 2011 liquid cargo volumes recorded an increase of 3.2 million tons or 2.5% versus 2010.

Crude oil transshipment by NCSP Group in 2011 totaled 113.4 million tons, which nearly equals 2010 volume (reduction by 0.4%).

Volumes of oil products transshipment across the Group increased by 29.8% or by 3.8 million tons. The total volume of oil products handled during the reporting period amounted to 16.5 million tons, of which 4.5 million tons attributed to diesel transshipment by Primorsk Trade Port Ltd via the two berths rented by the Group since January 2011.

In 2011 the Group handled 5.8 million tons of grain which represents a 0.3% increase compared to 2010 volumes.

Growth was also recorded in a number of other bulk cargoes: iron ore and ore concentrate (+0.6 million tons or 25.2%) to 2.9 million tons, mineral fertilizers (+25.5 thousand tons or 1.2%).

General cargo turnover in 2011 totaled 9.1 million tons, representing a -13.5% or 1.4 million tons reduction versus last year. Volumes of timber (-0.5 million tons or -43%) and ferrous metals (-1 million tons or -12.8%) decreased due to general turmoil in the global markets and the resulting decrease in demand from key consumers of Russian timber and metals.

In 2011 Group’s container traffic in TEU terms increased by 26.7% versus 2010 and totaled 598 thousand TEU, including 162 thousand TEU handed by Baltic Stevedoring Company. Container traffic in TEU terms in Novorossiysk in 2011 amounted to 436 thousand TEU which represents a 44% increase compared to 2010.        

Deputy CEO for marketing and sales of PJSC NCSP Rado Antolovic commented:

“In 2011, the Group managed to demonstrate strong operating performance: 2.3% growth of the Group’s total cargo turnover exceeded the industry average growth rate, which according to Russian Sea Ports Association amounted to 1.8% in 2011.

This evidences that the management was able to successfully substitute the decrease in cargo volumes caused by the unstable economic environment globally and the ban on grain exports from Russia, which was in effect until July of 2011.

Increase in container handling (29.3% in tons) and record monthly average grain handling volumes after the grain ban removal (total grain handling volumes increased by 0.3% in 2011) were the key factors for this substitution.

It should also be noted that the Group was able to maintain stable volumes of crude oil transshipment despite decrease of exports from Russia"

For your convenience, information on NCSP Group’s monthly cargo turnover for 2010-2011 available in excel format through the link below.