OREANDA-NEWS. December 31, 2010. The Novorossiysk Commercial Sea Port Group (LSE: NCSP, RTS and MICEX: NMTP) hereby reports its consolidated operating results for January-November 2010. In the reporting period NCSP Group’s cargo turnover amounted to 74 562.7 thousand tons, which is by 5.4% (4 240.2 thousand tons) less than in the same period of 2009.

Dropdown in cargo traffic in the reporting period was conditioned by the imposition of the grain export ban in August 2010, resulting into reduction of grain volumes by 2 455.2 thousand tons versus same period last year, and by the volatility of crude oil export volumes which decreased by 2 175.4 thousand tons.

Excluding the above mentioned cargoes NCSP Group cargo turnover for 11 months of 2010 totaled 30 391.8 thousand tons, exceeding the volume of the same period of 2009 by 390.4 thousand tons.

Container cargo, perishable cargo, non-ferrous metals, bulk mineral fertilizers, timber cargo, and raw sugar retained positive volume growth rates throughout the reporting period.

The highest growth was achieved in container segment – 418.6 thousand TEU for 11 month of 2010 versus 210.7 thousand TEU for the same period of 2009. While Group’s total container traffic doubled, Baltic Stevedoring Company (BSC) became the fastest growing container terminal in the Group. This year a third mobile crane was put into operation, and 10 container trucks with trailers were procured under the ongoing project to expand BSC capacity to 400 thousand TEU. On top of that 4 RTG cranes are expected to arrive at BSC in December. In November this year BSC was registered as the resident of Kaliningrad Region Special Economic Zone. In the 11 months of 2010 BSC container traffic grew by 257.8% compared to the same period last year.

In the reporting period volumes of perishable cargo grew by 55.8%; non-ferrous metals volumes increased by 26.6% or by 213.5 thousand tons; transshipment of bulk mineral fertilizers rose by 25.5% or by 372.5 thousand tons; raw sugar volumes grew by 19.4% or by 234.9 thousand tons; and timber cargo handling totaled 1 819.2 thousand cubic meters – 21.5% more than in the same period last year.

NCSP Group Operating Results for January-November 2010

 

January-November

2010

January-November

2009

Change

 

thousand

tons

thousand

tons

thousand

tons

%

Cargo turnover, total

74 562.7

78 802.9

-4 240.2

-5.4%

Liquid cargo, total

50 528.2

53 343.5

-2 815.4

-5.3%

Crude oil

38 411.5

40 586.8

-2 175.4

-5.4%

Petroleum products

11 516.8

11 993.2

-476.4

-4.0%

UAN

483.0

503.0

-20.0

-4.0%

Seed oils

116.9

260.5

-143.6

-55.1%

Bulk Cargo, total

11 020.5

13 413.3

-2 392.8

-17.8%

Grain

5 759.5

8 214.6

-2 455.2

-29.9%

Mineral fertilizers

1 834.1

1 461.6

372.5

25.5%

Sugar

1 444.9

1 210.0

234.9

19.4%

Iron ore and ore concentrate

1 982.1

2 454.6

-472.5

-19.3%

Cement

0.0

72.5

-72.5

-100.0%

General cargo, total

9 624.6

10 051.2

-426.6

-4.2%

Ferrous metals

7 155.4

8 134.1

-978.7

-12.0%

Timber

1 019.8

846.8

173.1

-

         Timber, thousand cubic
            meters

1 819.2

1 497.6

321.6

21.5%

Non-ferrous metals

1 016.7

803.2

213.5

26.6%

Perishable cargo

178.2

114.4

63.8

55.8%

Other

254.4

152.8

101.6

66.5%

Containers

3 389.5

1 994.8

1 394.6

-

Containers (thousand TEU)

418.6

210.7

207.9

98.7%