NCSP Group expecting cargo turnover in 2016 at 2015 level
MOSCOW. Aug 31 (Interfax) - Novorossiysk Commercial Sea Port (NCSP) Group is expecting cargo turnover in 2016 at a level no lower than in 2015.
"For this year we are planning cargo turnover of about 131 million tonnes, and expect its decline for crude oil, the volumes of which in 2015 were above expectations due to the tax maneuver. In H1 we were ahead [of this figure] by 10 million tonnes. I am not in a position to say how much we will exceed [the plan], we carefully approach such announcements. I think that in any case it will be no smaller than the volume for last year," NCSP CEO Sultan Batov said during a conference call on Wednesday.
It was reported earlier that in 2015 NCSP's cargo turnover rose by 6.5% to 139.7 million tonnes. For the 7M 2016 cargo turnover rose 5.9% year-on-year.
NCSP is the largest port operator in Russia. Assets are located in Novorossiysk (Krasnodar territory), Primorsk (Leningrad region), and Baltiysk (Kaliningrad region). Novoport Holding, which OJSC Transneft and Ziyavudin Magomedov's Summa own on an equal footing, owns 50.1% of the company's stock. Transneft also owns 10.5% of the company's shares (it controls the stake through a subsidiary) and Summa holds 2.75%. So, Transneft controls a total of 35% of NCSP and Summa controls 27.75%. Another 20% belongs to Russia's Federal Property Agency, and 5.3% is managed by OJSC Russian Railways (RZD).
