Operating Results
Cargo turnover at Russian ports totaled 816.7 million tonnes in 2018. NCSP Group’s cargo turnover amounted to 140.2 million tonnes in 2018. The Group’s share of cargo turnover at Russian seaports shrank to about 17% in 2018 from 20% in 2016, primarily due to a decrease in the volume of oil transshipments through Group facilities amid overall growth of cargo turnover at Russian ports by 94.7 million tonnes.
The growth in cargo transshipment at Russian seaports was driven by the increase in crude oil, coal and grain volumes.
| Cargo turnover, mn t | Share, % | |
|---|---|---|
| Russian ports | 816.7 | 100.0 |
| NCSP Group | 140.2 | 17.2 |
| Russian ports in Azov-Black Sea basin | 272.3 | 100.0 |
| PJSC NCSP | 78.0 | 28.6 |
| NLE | 3.8 | 1.4 |
| NSRZ | 3.5 | 1.3 |
| NCSP Group (Novorossiysk) | 85.3 | 31.3 |
| Russian ports in Baltic basin | 246.3 | 100.0 |
| BSC | 1.4 | 0.6 |
| PTP | 53.5 | 21.7 |
| NCSP Group (Baltic) | 54.9 | 22.3 |
| Cargo | NCSP Group | Russian ports in 2018 | NCSP Group share in 2018, % | ||
|---|---|---|---|---|---|
| 2016 | 2017 | 2018 | |||
| Crude oil | 81.1 | 74.7 | 66.2 | 255.3 | 25.9 |
| Oil products | 31.7 | 30.3 | 33.2 | 145.1 | 22.9 |
| Coal | 1.7 | 2.0 | 1.4 | 161.4 | 0.9 |
| Ferrous metals and pig iron | 12.8 | 11.9 | 13.5 | 30.6 | 44.0 |
| Mineral fertilizer | 0.8 | 0.7 | 0.6 | 17.8 | 3.3 |
| Ore and iron ore concentrate | 3.0 | 3.0 | 2.5 | 6.9 | 35.8 |
| Grain | 6.7 | 11.2 | 12.8 | 55.8 | 23.0 |
| Nonferrous metals | 1.1 | 1.2 | 1.0 | 3.5 | 28.5 |
| Containers | 5.3 | 6.0 | | 53.6 | 11.4 |
| Other | 2.7 | 2.4 | 2.8 | 86.7 | 3.3 |
| Total | 146.9 | 143.5 | 140.2 | 816.7 | |
| AsiaIncluding Turkey | Africa | Europe | North America | South America | Other | |
|---|---|---|---|---|---|---|
| Crude oil | 5,901.2 | 0.0 | 58,626.9 | 1,100.4 | 600.6 | 0.0 |
| Oil products | 7,089.7 | 3,045.0 | 21,264.0 | 462.1 | 852.6 | 0.0 |
| Grain | 2,070.4 | 10,232.7 | 178.1 | 82.3 | 212.1 | 0.0 |
| UAN | 0.0 | 3.3 | 191.9 | 335.9 | 59.7 | 206.0 |
| Containers | 1,803.9 | 716.6 | 366.2 | 8.0 | 4.8 | 0.0 |
| Forest products | 111.5 | 200.4 | ||||
| Ore, iron ore | 758.0 | 521.3 | 986.4 | 224.8 | 0.0 | 0.0 |
| Chemical cargo | 79.2 | 154.8 | 135.1 | 41.5 | 121.4 | 0.0 |
| Nonferrous metals | 538.6 | 33.4 | 388.5 | 15.0 | 0.0 | 0.0 |
| Ferrous metals, pig iron | 6,160.6 | 2,709.3 | 2,225.5 | 2,018.9 | 363.0 | 0.0 |
| Coal | 1,155.4 | 35.5 | 259.2 | 0.0 | 0.0 | 0.0 |
| Other | 368.3 | 219.0 | 117.9 | 0.0 | 0.0 | 0.0 |
| Total | 26,037.0 | 17,871.2 | 84,739.7 | 4,288.9 | 2,214.3 | 206.0 |
Crude oil
Crude oil handling at Russian seaports totaled 255.3 million tonnes in 2018, ASOP data show. Crude oil traffic through NCSP Group terminals amounted to 66.2 million tonnes in 2018. The Group’s share of crude oil turnover at Russian seaports shrank to 26% in 2018 from 36% in 2016 amid growth of shipments through alternative routes:
- Oil transshipments in the Arctic basin (launch of Yamal LNG project, Lukoil’s return to roadstead transshipment in Murmansk instead of roadstead offloading in Norway)
- Oil transshipments in the Azov-Black Sea basin (after expansion of Caspian Pipeline Consortium pipeline and corresponding growth of transshipment volumes)
- Oil exports to China by pipeline through Skovorodino
Oil products
Oil product transshipments at Russian seaports increased by 4.3 million tonnes or 3% to 140.8 million tonnes in 2018, ASOP data show. NCSP Group’s oil product turnover totalled 33.2 million tonnes, and the Group’s share of oil product handling at Russian seaports remained unchanged at 23% in the period from 2016 to 2018.
Grain
Grain transshipments at Russian seaports totaled 55.8 million tonnes in 2018, ASOP data show. NCSP Group’s grain turnover was 12.8 million tonnes in 2018. The Group’s share of grain handling at Russian seaports grew to 23% in 2018 from 19% in 2016.
Ferrous metals and pig iron
Transshipments of ferrous metals and pig iron at Russian seaports totaled 30.6 million tonnes in 2018, ASOP data show. NCSP Group handled 13.5 million tonnes of ferrous metals and pig iron in 2018. The Group’s share of ferrous metals and pig iron handling at Russian seaports decreased to 44% in 2018 from 45% in 2016 due to faster growth of transshipments through ports in other basins.
Containers
Transshipments of containers at Russian seaports totaled 53.6 million tonnes in 2018, ASOP data show. NCSP Group handled 6.1 million tonnes of container cargo in 2018. The Group’s share of container handling at Russian seaports slipped to 11% in 2018 from 12% in 2016. The growth of container turnover at Russian seaports was driven by the recovery of the Russian economy and stabilization of the national currency.
Ore cargo
Ore cargo transshipments at Russian seaports totaled 6.9 million tonnes in 2018, ASOP data show. NCSP Group handled 2.8 million tonnes of ore cargo in 2018, and the Group’s share of ore cargo handling at Russian seaports grew to 41% in 2018 from 35% in 2016 amid a significant decrease in ore cargo exports through Arctic ports.
Coal and coke
Coal and coke transshipments at Russian seaports totaled 161.4 million tonnes in 2018, ASOP data show. NCSP Group handled 1.4 million tonnes of coal and coke. The Group’s share of coal and coke handling at Russian seaports remained unchanged at 1% in the period from 2016 to 2018.
Nonferrous metals
Transshipments of nonferrous metals at Russian seaports totaled 3.5 million tonnes in 2018, ASOP data show. NCSP Group handled 1.0 million tonnes of nonferrous metals in 2018. The Group’s share of nonferrous metals handling at Russian seaports decreased to 28% in 2018 from 31% in 2016.