OREANDA-NEWS. October 19, 2011. NCSP Group (LSE: NCSP, MICEX: NMTP) reports consolidated operating results for January-September 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 117 233.8 thousand tons which represents an increase of 1 187.5 thousand tons or 1.0% versus January-September 2010.

In the first nine months of 2011 liquid cargo volumes recorded an increase of 2 515.7 thousand tons or 2.6% versus the same period of last year.

Crude oil transshipment by NCSP Group for the reporting period totaled 84 286.3 thousand tons. As such in September 2011 the Group reduced the slippage in crude oil volumes against the 2010 schedule from -2.7% (eight months of 2011 versus eight months of 2010) to -0.9% (nine months of 2011 versus nine months of 2010). 

Volumes of oil products transshipment across the Group increased by 35.8% or by 3 427.6 thousand tons. The total volume of oil products handled during the reporting period amounted to 12 996.9 thousand tons, of which 4 219 tons attributed to diesel transshipment by Primorsk Trade Port Ltd via the two berths rented by the Group since January 2011.

NCSP Group continues to increase grain handling volumes. In September the Group handled 1 166.3 thousand tons which represents an all-time monthly volume record. In January-September, 2011 the Group handled 3 041.1 thousand tons in total.

Growth was also recorded in other bulk cargoes: iron ore and ore concentrate (+1 208.1 thousand tons or 91.6%), mineral fertilizers (+171.4 thousand tons or 11.0%) and sugar (+134.0 thousand tons or 10.0%).

General cargo turnover in the first nine months of 2011 totaled 7 064.3 thousand tons, representing a -14.7% or 1 212.9 thousand tons reduction versus the same period of last year. Volumes of timber (-431.3 thousand tons or -50.0%) and ferrous metals (-795.7 thousand 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 the first nine months of 2011 container traffic in TEU terms increased by 37.4% versus the same period of last year and totaled 447.7 thousand TEU.

NCSP Group Cargo Turnover in January – September 2011 (thousand tons)*

 

January-September

Change, thsd. tons

Change, %

2011

2010

Cargo turnover, total

117 233.8

116 046.3

1 187.5

1.0%

Liquid cargo, total

97 625.4

95 109.7

2 515.7

2.6%

Crude oil

84 286.3

85 068.7

-782.4

-0.9%

Oil products

12 996.9

9 569.3

3 427.6

35.8%

UAN

331.0

354.8

-23.7

-6.7%

Seed oils

11.1

116.9

-105.8

-90.5%

Bulk Cargo, total

8 863.9

9 965.5

-1 101.6

-11.1%

Grain

3 041.1

5 759.5

-2 718.4

-47.2%

Mineral fertilizers

1 723.1

1 551.7

171.4

11.0%

Sugar

1 470.0

1 336.0

134.0

10.0%

Iron ore and ore concentrate

2 526.5

1 318.4

1 208.1

91.6%

Cement

103.2

0.0

103.2

0.0%

General cargo, total

7 064.3

8 277.2

-1 212.9

-14.7%

Ferrous metals

5 403.2

6 198.9

-795.7

-12.8%

Timber

430.6

861.9

-431.3

-50.0%

Timber. thsd. cubic  meters

782.8

1 532.0

-749.2

-48.9%

Non-ferrous metals

845.9

822.8

23.1

2.8%

Perishable cargo

163.8

167.8

-4.0

-2.4%

Other

220.8

225.9

-5.0

-2.2%

Containers

3 680.3

2 693.9

986.4

36.6%

Containers

3 680.3

2 693.9

986.4

36.6%

Containers, thsd. TEU

447.7

325.8

121.9

37.4%

*Taking into account PTP’s 2010 volumes