Summa Group News 2015 - April
Great financial news for NSCP and a new board of directors for FESCO, all under the Summa Group.
Great financial news for NSCP and a new board of directors for FESCO, all under the Summa Group.
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<strong>Summa</strong> <strong>Group</strong> <strong>2015</strong> – <strong>April</strong> – PT1<br />
NCSP GROUP CRAGO TRAFFIC UP 6% IN FIRST QUARTER OF <strong>2015</strong><br />
The NCSP (Novorossiysk Commercial Sea Port <strong>Group</strong>) has announced that the group’s first quarter<br />
of <strong>2015</strong> has seen an increase of 6% year on year. Currently, they have increased their turnover by 6<br />
million tonnes year on year, reaching a total of 35.6 million tonnes in the first quarter.<br />
NCSP CEO, Sultan Batov, commented on the increase,<br />
“Cargo volumes have been growing for three months from the beginning of the year. This is possibly<br />
thanks to a continuous reduction of export duties on crude oil, which boosted export volumes,<br />
sustainable growth of domestic oil refining and oil product exports. It also created a good demand<br />
for Russian steel and non-ferrous metals supported by rouble devaluation and helped achieve target<br />
levels of coal trans-shipment. Improved weather conditions at Novorossiysk port, where storms<br />
lasted only five days in March versus ten days in February, as well as other factors, caused transshipment<br />
volumes to grow by 1 753.7 thousand tonnes or 16.5% in May versus February.”<br />
FESCO – NCSP - STROYNOVATSIYA – INTEX – YATEC – UNITED GRAIN COMPANY
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