PJSC Novorossiysk Commercial Sea Port (PJSC NCSP) is the third largest port operator in Europe in terms of cargo turnover and the largest in Russia.
The company’s assets include the port of Novorossiysk on the Black Sea, the port of Primorsk on the Baltic Sea, and the port of Baltiysk in the Kaliningrad region.
The company’s published data on consolidated cargo turnover for the period January — June 2020 showed a decrease of 9.4% compared to the same period in 2019.
The total cargo turnover amounted to 62.7 million tons.
The main drop is observed in the segment of liquid, general and container cargo.
Transshipment of liquid cargo — 50.8 million tons (- 8.9%).
Crude oil turnover had a significant impact on the figures, which amounted to 5.8 million tons, down 15.5%.
The fall is due to global trends against the backdrop of the COVID — 19 pandemic.
At the same time, the transshipment of light oil products increased in this segment — 1.2 million tons (+ 8.2%).
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Transshipment of dry cargo — 11.8 million tons (- 11.3%).
Including bulk cargo — 3.6 million tons (+ 21%).
However, their growth was significantly offset by the drop in ferrous metals transshipment volumes: 5.1 million tons (-18.6%).
NCSP shares are traded on the Moscow Stock Exchange and the London Stock Exchange and have not changed in price over the past six months, despite the ups and downs.
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The Novorossiysk port has been holding its leadership for a long time, and in 2020 it has also significantly increased its volumes.
2019 year — 4,231 thousand tons
At the same time, the share of the remaining two ports — leaders practically did not change.
