NCSP CEO Attended Meeting Hosted by Deputy Minister of Transport
OREANDA-NEWS. September 27, 2012. Novorossiysk Commercial Sea Port PJSC (“NCSP Group” or the “Group”) (LSE: NCSP, MICEX-RTS: NMTP) announces that Chairman of the Board of Directors Marat Shaydaev and CEO Rado Antolovic attended a meeting hosted by Russia’s Deputy Minister of Transport Viktor Olersky to discuss interaction between marine terminal operators and rail carriers.
Rado Antolovic said: “Establishing information and logistics centers in Russia’s largest ports to coordinate the activity of all participants in the logistics chain based on a single traffic control system monitoring cargo movements on an ongoing basis and interaction between all modes of transport will increase the efficiency of export and import traffic”.
NCSP Group is the largest Russian port operator in terms of cargo turnover. NCSP shares are traded on Russia's MICEX-RTS exchange (ticker: NMTP) and on the London Stock Exchange in the form of GDRs (ticker: NCSP). 50.1% shares of PJSC “NCSP” belong to Novoport Holding Ltd, the beneficial owners of which are OJSC “Transneft” and Summa Group. NCSP Group cargo turnover in 2011 totalled 157 million tonnes. Consolidated revenue according to IFRS in 2011 totalled USD 1,050 million and EBITDA was USD 550 million. NCSP Group combines the following stevedoring and other companies: PJSC “Novorossiysk Commercial Sea Port”, LLC “Primorsk Trade Port” (since 2011), PJSC “Novorossiysk Grain Terminal”, OJSC “Novorossiysk Ship Repair Yard”, OJSC “NCSP Fleet”, OJSC “NLE”, OJSC “IPP”, CJSC Baltic Stevedore Company, CJSC “SFP” and LLC NFT (joint venture).
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