REG - PJSC Novorossiysk - NCSP Commissioned New Mooring A at Sheskharis <Origin Href="QuoteRef">NMTP.MM</Origin>

Novorossiyskiy morskoy torgovyi port PAOAnnouncement

03/03/2016 11:51

RNS Number : 3265I
PJSC Novorossiysk Comm. Sea Port
08 December 2015
Press-release 
NCSP Loads 2 million tons of crude oil
from the recently commissioned Mooring  at Sheskharis terminal
08.12.2015
Novorossiysk Commercial Sea Port Group (NCSP Group or the Group) (LSE: NCSP, Moscow Exchange: NMTP) hereby reports that some 2000000 tons of crude oil was loaded in the two months since the completion of reconstruction and commissioning of Mooring A of Berth One of the Sheskharis oil terminal in Novorossiysk, as a part of the comprehensive reconstruction of the terminal
CEO of PJSC NCSP Sultan Batov commented on the event:
Mooring A of Berth One is allows to load crude oil tankers up to 160 000 tonnes of deadweight, and to provide bunkering and other necessary services to vessels being loaded. Moreover, Mooring A makes it possible to redistribute effectively the volumes from other berths of Sheskharis terminal. Mooring A offers loading capacity of up to 12 000 cubic meter per hour for crude oil loading, up to 150 cubic meter per hour for bunkering vessels with diesel fuel, and up to 300 cubic meters per hour for fuel oil loading.
Mooring A of Berth One was commissioned on 7 October 2015, and loading of crude begun the next day. As of today reconstruction of the berth and commissioning of the second Mooring A for tankers up to 160 000 tonnes deadweight made it possible to load some 2000000 tonnes of crude oil, which will provide extra capacity of 15million tonnes per year at Sheskharis terminal.
The new mooring was launched in line with the Sheskharis Complex Reconstruction Schedule on the basis of Commissioning permit from the Russian Federal Agency for Marine and River Transportation.
About NCSP Group
NCSP Group is the largest port operator in Russia and the third-largest in Europe, in terms of cargo turnover. NCSP shares are traded on Russia's Moscow Exchange (ticker: NMTP) and on the London Stock Exchange in the form of GDRs (ticker: NCSP). NCSP Group cargo turnover in 2014 totalled 131 million tonnes. Consolidated revenue to IFRS in 2013 totalled USD 928 million and EBITDA was USD 510 million. NCSP Group consolidates the following companies: PJSC Novorossiysk Commercial Sea Port, LLC Primorsk Trade Port, PJSC Novorossiysk Grain Terminal, OJSC Novorossiysk Ship Repair Yard, OJSC NCSP Fleet, OJSC NLE, OJSC IPP, CJSC Baltic Stevedore Company, and CJSC SFP.
Contacts
Kristina Senko, Public Relations; KSenko@ncsp.com
Mikhail Shchur, Investor Relations; MShchur@ncsp.com

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