Revenue

The following factors had an impact on NCSP Group’s revenue by cargo in 2018 (compared to 2017):

  • Decrease of crude oil handling by 8.5 million tonnes or 11.4% due to redirection of cargo to eastern route
  • Growth of diesel fuel and gasoline handling by 4.3 million tonnes or 18.5%, as well as adjustment of rates for these categories of cargo
  • Growth of UAN handling by 201,000 tonnes or 33.7% amid favorable market environment
  • Growth of grain handling by 1.6 million tonnes or 14.3%, as well as rate adjustment
  • Growth of container handling by 24,000 TEU or 4%
  • Growth of ferrous metals and pig iron handling by 1.5 million tonnes or 14.3%
  • Decline of revenue from iron ore products handling by $0.8 million as volume decreased by 202,000 tonnes or 6.7%
  • Decline of revenue from coal handling by $2.3 million as volume decreased by 550,000 tonnes or 27.6%
Revenue breakdown by type of activity
(‘000 USD) 2018 2017 Change Change, %
Revenue 951,253 899,831 51,422 5.7
Stevedoring services 732,604 709,592 23,012 3.2
Additional port services 197,030 110,152 86,878 78.9
Fleet services 13,292 69,081 -55,789 -80.8
Ship repair 272 0 272
Other 8,055 11,006 -2,951 -26.8