Russia’s NCSP sees drop in cargo throughput

  • Consolidated cargo turnover slips from 55.3 million tonnes to 49.5 million tonnes during first four months of 2013

Novorossiysk Commercial Sea Port Group (NCSP) saw its consolidated cargo turnover drop to 49.5 million tonnes in the first four months of 2013, compared to the 55.3 million tonnes reported in the corresponding period last year.

However, the Russian company, responsible for the management and operation of both Novorossiysk and Primorsk Port, witnesses container volumes jump 2.7 percent year-over-year from 208,900 TEU to 214,600 TEU.

Commenting on the London-listed firm’s first quarter figures, Yury Matvienko, NSCP Group’s acting CEO, said that the slight decline in container volumes (measured in tonnes) was in line with the general industry trend towards a declining share of loaded containers in export container traffic.

Elsewhere, NCSP’s liquid cargo volumes also fell from 4.54 million tonnes to 4.2 million tonnes January through April, while bulk cargo handling fell 56 percent year-over-year to 1.93 million tonnes, which NCSP attributed to a decline in grain volumes caused by a poor harvest in 2012. At the same time, volumes of coal, sugar and cement grew in the first four months of 2013.

General cargo volumes for its part also increased in the first four months of the year, with the Russia’s largest port operator handling 3.84 million tonnes, representing a year-over-year rise of three percent.

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