News

05.12.2018

DELOPORTS ANNUAL REPORT – WINNER IN MOSCOW EXCHANGE ANNUAL REPORTS COMPETITION

DeloPorts annual report 2017 won the prize in nomination “Best presentation of a business model in the report of non-public company” of the Moscow Exchange XXI Annual Reports Competition – one of the most prestigious awards in corporate reporting. Earlier in 2016 DeloPorts was the winner in the same nomination.


DeloPorts Deputy CEO on Economics and Finance Elena Surkova received the award on behalf of DeloPorts at the ceremony on the 4th of December 2018. “Annual report is a product of colossal, creative and diligent collective effort of our team and designers. I thank the colleagues for the excellent work, I’m sure that our team is comprised of the best professionals, - DeloPorts CEO Igor Yakovenko commented on the award. Annual reports competition of the Moscow Exchange is held since 1998. The key objective is supporting the high level of the companies’ openness and promoting efficient information disclosure for investors, clients and all interested parties. Detailed results of the completion are available on the web-site.
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29.11.2018

S&P: DELOPORTS’ CORPORATE RATING AFFIRMED. POSITIVE OUTLOOK

Standard & Poor’s (S&P) rating agency affirmed DeloPorts’ rating at “B+” with revised outlook from “stable” to “positive”.

The agency improved the outlook due to the increase of container and grain turnover at DeloPorts terminals in 2018. DeloPorts CEO Igor Yakovenko commented on the S&P revised “positive” outlook: “It is a sign of the improvement of the Company’s financial position compared to the agency’s analysis 6 months ago. We are gradually working to improve our operating and financial results. Growth in container turnover is in part planned due to launch of the new deep-water berth No. 38 at container terminal in mid 2019. It is a part of DeloPorts integrated investment program, the launch will allow increasing the capacity to 700 thous. TEUs annually. Development program of the grain terminal by 2021 implies the increase of handling capacity by 1.5 mln tones annually. We are creating new infrastructure and new opportunities for DeloPorts clients, although our results depend also on the market and macroeconomic situation”.
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12.11.2018

DELOPORTS OPERATING RESULTS FOR 9 MONTHS 2018





OOO “DeloPorts” (hereinafter DeloPorts or the Company), a major Russian stevedoring holding that consolidates the assets of Delo Group in the grain and container segments, publishes its operating results for the third quarter of 2018.

 

In January-September of 2018, turnover of DeloPorts’ terminals increased by 22% compared to the same period of 2017 and reached 6.3 mln tonnes due to turnover growth in the Company’s key business segments:

 

  • Growth of NUTEP Container Terminal turnover in TEUs and tonnage by 10% and 16% respectively compared to 9M17 due to continuing Russian container market recovery;
  • Growth of KSK grain handling volumes by 31% compared to 9M17 due to the high yields and increase in operational efficiency.

 

Cargo throughput (‘000 t )

Cargo type

1Q18

2Q18

3Q18

9M 2018

9M 2017

9M 2018/

9M 2017*

Containers

1 109

1 120

452

 

2 681

2 319

16%

Grain

1 260

1 090

1 229

 

3 579

2 729

31%

General cargo

0

1

44

 

45

112

(60%)

Ro-Ro

4

3

1

 

8

29

(72%)

Total cargo throughput

2 373

2 214

1 726

6 313

5 189

22%

including :

 

 

 

 

 

 

 

Containers (‘000 TEU)

107

79

53

 

239

217

10%

Ro-Ro (‘000 units )

1

0

1

 

2

8

(75%)

Service type

 

 

 

 

 

 

 

Bunkering fuel sales (‘000 t)

13

14

16

 

43

44

(3%)

Mooring operations (units)

226

231

246

 

703

n/a

n/a

Agency services (units)

54

59

84

 

197

104

89%

 * Minor deviations in the calculation of the percentage changes in this press release are due to rounding.

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07.11.2018

DELOPORT WILL INVEST OVER 7.3 BLN RUB IN PORT INFRASTRUCTURE DEVELOPMENT TILL 2020

As a part of its investment program, DeloPorts will invest over 7.3 bln rub in infrastructure projects at the terminals, said Company’s spokesmen to RIA Novosti.

“The investments in the construction of the unique deep-water berth No 38 at NUTEP Container Terminal will amount to about 3.6 bln run. The commissioning is expected at the beginning of the second quarter 2019. And 3.7 bln rub is set aside to invest in the expansion of KSK Grain Terminal throughput capacities till 2020”, - DeloPorts confirmed.

DeloPorts will invest in KSK development project in Novorossiysk 2.2 bln rub of own funds and 1.5 bln rub borrowed on the line of credit subsidized by the Ministry of Agriculture. Project financing of deep-water berth construction at NUTEP is also conducted with own funds and funds attracted at commercial banks.

The project will allow KSK to increase its throughput capacities by 1.5 mln tonnes to 6.5 mln tonnes per year by 2020. Meanwhile the deep-water berth will allow NUTEP to handle ocean type vessels up to 10 thous. TEUs and double its throughput capacity – to 700 thous. TEUs.

By the end of 2018 DeloPorts plans to expand its tug-boat fleet operated by the Service Company “Delo” with by two tug-boats. Currently the Company operates three own Damen tugboats. The project cost is not disclosed.

“DeloPorts” is a Russian holding company that owns stevedore assets and the service company of Delo Group, owned by Sergey Shishkarev. The assets were incorporated in a holding company in 2012.

Source – Prime, 07.11.18
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24.09.2018

EXPANSION OF KCK GRAIN TERMINAL IN NOVOROSSIYSK IS TO BE COMPLETE IN 2020

The expansion of KCK grain terminal is due to be complete in 2020, TASS quotes Andrei Lyan, Cargill (owns 25% of the terminal) director for public and state authorities relations.

In October 2016, FSUE Rosmorport and joint-stock company KCK Grain Terminal signed an agreement for cooperation on the implementation of the project for reconstruction of the grain terminal to boost its throughput capacity from 2.5 mln tonne/year to 4 mln tonne/year.

The document provided for cooperation of the parties on design and construction (reconstruction) of berths No. 40A, 40, 41, 2 and 3 in the Port of Novorossiysk to ensure maritime safety and to boost the throughput capacity of joint-stock company KCK Grain Terminal for 1.5 mln tonne/year.

Joint-stock company KCK Grain Terminal is one the stevedore assets of DeloPorts Ltd., Russian holding company, which owns the stevedore assets of Delo Group. The assets include NUTEP container terminal, KCK grain terminal and TOS bunkering company. In 2015, the total throughput of the terminals amounted to 5.5 mln tonnes.

The deep-water grain terminal handles cargo in the Port of Novorossiysk. Aside from bulk cargo, the terminal handles general and ro-ro cargos.

For the first half-year of 2018, the net profit of DeloPorts Ltd. of Novorossiysk amounted to 2.81 billion roubles and that is 42% more than the year before. The proceeds for the same period grew by 34.2% to 5.41 billion roubles. Consolidated EBITDA grew by 47.1% to 4.01 billion roubles. EBITDA profitability amounted to 74.2% compared with 67.7% in the first half-year of 2017.

In January-June 2018, the amount of cargo handled at the terminal of DeloPorts Ltd. amounted to 4.6 mln tonnes which 30% higher than the same period of the last year.

For more detail go to RBK:

https://kuban.rbc.ru/krasnodar/freenews/5ba8855e9a794782e38521b8

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18.09.2018

HOME PORT – BELOVED NOVOROSSIYSK

It was the initiative of Delo Group to open in Novorossiysk the only commemorative sign to port workers in Russia.

Kuban news

The unveiling of a memorial to sea port workers. Photo by Anatoly Pozdnyakov

It was the initiative of Delo Group to open in Novorossiysk the only commemorative sign to port workers in Russia.

Foreign ships called at our harbour.

The Port of Novorossiysk is a company-town type of enterprise. Since 1845, many Black Sea routes meet here, connecting Russia with Africa, Asia and America. The port workers built the city, defended it during the war and rebuilt it later from the ruins. Perhaps there is not a single family in Novorossiysk where everybody has nothing to do with the port.

Sergey Shishkarev, president of Delo Group, too thinks himself a port worker by birth. As a child, he often happened to be in the port watching his father work, who had been a dispatcher for many years. Thirty years later, he was twice elected to the Board of Directors of NCSP. He knows what makes up people’s lives here and he sincerely respects each of them who has ever worked here. The port and the city is a single organism, their fates are tied inseparably. That’s why both the townsfolk and the city hall were responsive to the idea of creating the commemorative sign To Port Workers of Novorossiysk.

The activity of our company has a wide geography. We have access to all the seas of Russia but we never forget that our “home port” is Novorossiysk. We sincerely love our city and are always ready to invest in its development particularly in its beautification. We believe there will be another nook which people of Novorossiysk will love. Many thanks to the city’s officials who supported our idea.

Delo Group has recently commemorated its 25th anniversary. Throughout this time, probably not a single social project in Novorossiysk has been implemented without the participation of the Group’s companies. The city hospital, the children’s hospital, rehabilitation centre Romashka, the charity fund for support of family, motherhood and childhood Sun in the Palms, the regional division of Russian Children’s Fund and the educational institution for orphans and children without parental custody are among the friends and organizations being sponsored.

With overall assurance

The whole process took about three years from the inception of the idea to its actualization. The action group, which included veterans, port workers and just enthusiasts enamoured of their city, had gone through all the stages: from many verifications by supervisory bodies to approvals of sketches and the placement spot. The financing was provided on a parity basis by Delo Group and Novorossiysk Commercial Sea Port. But also some government and private companies and individuals donated for the installation of the commemorative sign.

A very beautiful place has been chosen – there where the quay comes up to the territory of the port; now there is a young girl-tallyman, two dock-engineers busy with the loading and a stevedore standing in the shade of trees. Konstantin Kubyshkin, sculptor from Moscow, had gone through a multitude of photos and twice had come to the port before he had an image of the commemorative sign.

“The idea was for people to recognize port workers in this group and not just representatives of the industrial workforce, to recognize themselves”, says the author. “I tried to completely follow the truth of life: if the safety measures require hard hats and light reflecting vests then they must be on the sculpture. The inscription “This side up” and the arrows indicating the direction were added on the crate at the last minute. A small concession was made for one nuance – we didn’t take away the rope cables and mooring bollards, which were positioned too close to the people. The safety measures don’t allow this but everybody had taken a liking to these elements symbolising work at sea.”

The height of the sculpture group is 2.5 metres, the width – 4 metres. On the granite slabs on each side of the memorial, there are words from a decree by the Emperor Nikolai I to establish a new Russian port on June 30, 1845 and the words of its significance nowadays.

Dedicated to dockers, tallymen, stevedores

The opening of the new memorial was timed to commemorate three dates at once: 180 years since establishing Novorossiysk, 75 years since the rout of the German fascists at Novorossiysk and 45 years since gaining the title of Hero City. Igor Dyachenko, mayor of Novorossiysk and an honoured guest, remarked that it was a landmark event. “Novorossiysk has always been and will be a city of port workers, seamen and cement plant workers. And this memorial for the port workers perpetuates the work of all the professions of the commercial sea port, of all its epochs. I am very much thankful to all who has financed the creation of the monument: Delo Group, Novorossiysk Commercial Sea Port, entrepreneurs and partial citizens. Thanks to you all, there is such a memorial and I am sure it will be one of favourite sights of the city.”

Igor Terentiev, first Deputy General Director of PJSC NCSP, reminded that among more than 600 memorials of the city up to this day there had been not one dedicated to port workers. Now this injustice has been rectified. The commemorative sign underscores the significance and prestigiousness of port professions, glorifies the work of the port workers of Novorossiysk and their input in the development of the region and the country.

Hundreds of townspeople have come to the opening ceremony including those whose life has inseparable ties with the port. Valentina Vlasenko can be proud to say that she belongs to two port dynasties at once – the father Nikolai Leontievich has worked as a docker for 20 years; the husband’s family worked here too and she as well can’t imagine her life without the port. Once retired, she became an active member of Veterans’ Council. And, of course, she just couldn’t miss out on this historic event – an opening of the memorial.

“One can say that this is a memorial to my parents who right after the war were rebuilding Novorossiysk”, says Valentina Nikolaevna. “The port developed on my watch and the city developed along. Sergey Shishkarev is ours, local; therefore, he understands how much the port workers have done for the city. I bow down to him for this remarkable idea!

And the new commemorative sign has already been living its life. The townspeople came up with a tradition right away: if you rub the bronze sculpture, it will bring sure luck. The same way the port workers bring luck throughout many years to the home town.

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31.08.2018

DELO SERVICE COMPANY AND DAMEN SIGNED THE CONTRACT FOR A NEW TUGBOAT

Delivery of the tugboat "Delovoy-5" is planned for the 4Q 2018.

Delo Service Company (SC ‘Delo’), specializing in bunkering services and providing agency and tugboat operations on the berths of DeloPorts, and the largest Dutch shipbuilding company Damen Shipyards (Damen) signed an agreement on the purchase and delivery of the new tugboat ASD 2310 to the port of Novorossiysk.

Delivery of the tugboat "Delovoy-5" with the capacity of 3,000 kW is planned for the 4th quarter of 2018.

In December 2017, SC ‘Delo’ started mooring operations for ships calling at DeloPorts terminals using new tugboats. There are three highly maneuverable tugboats in the fleet of SC ‘Delo’ delivered by Damen. The fourth tugboat will be delivered to Novorossiysk in November 2018.

Commenting on the signing of the agreement, CEO of SC ‘Delo’ Oleg Nechaev noted:
"We are glad to cooperate with colleagues from Damen. Tugboats of this project are by far the most modern in the port of Novorossiysk. The purchase of the new tugboat is related to the increase in the capacity of DeloPorts stevedore assets and the commissioning of the deepwater berth No. 38 in the first half of 2019. "

Damen Shipyards Group is the largest shipbuilding group that unites shipbuilding and ship repair yards all over the world.

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30.08.2018

DELOPORTS IFRS FINANCIALS FOR THE FIRST HALF OF 2018

OOO “DeloPorts” (hereinafter DeloPorts or the Company), a major Russian stevedoring holding company, consolidating the assets of Delo Group in the grain and container segments, publishes its consolidated financial results for the six months ended 30 June 2018 in accordance with IFRS.


Key financials:
• Consolidated revenue RUB 5,416 mln (+34.2%)
• Consolidated EBITDA RUB 4,019 mln (+47.1%)
• EBITDA margin 74.2% as against 67.7% in 1H 2017
• Adjusted net profit RUB 2,916 mln (+49.4%)
• Operating cash flow RUB 2,943 mln (+55.6%)
• CAPEX RUB 1,542 mln (+189.3%)
• Net debt as of 30 June 2018 RUB 16,047 mln (three times growth compared to 31 December 2017 in connection with the placement of a new dollar bond loan)
• Net debt/EBITDA 2.2x as of 30 June 2018 versus 1.0x as of 31 December 2017

Key operating results:
• Total volume of cargo handling 4.6 mln tonnes (+30.3%)
• Grain handling volume 2.3 mln tonnes (+40.4%)
• Container throughput 185,898 TEU (+12.2%)

Key developments:
• New record volumes reported at NUTEP in March 2018 – 40,776 TEU;
• Since March 2018, all vessels entering DeloPorts terminals are serviced by own tugboats;
• The highest financial indicators of quarterly net profit and EBITDA for the entire history of the Company based on the results of the first half of 2018
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30.08.2018

FINANCES OF DELOPORTS AS PER IFRS

DeloPorts Ltd. has published the consolidated financial results for the first half-year of 2018 in accordance with IFRS.

The company’s adjusted net profit for the reported period of 2018 is 2,916 mln roubles, which is by 49.4% higher than in the 6 months of 2017.

The proceeds grew by 34.2% to 5,416 mln roubles.

The EBITDA indicator grew by 47.1% to 4,019 mln roubles, whereat the profitability according to EBITDA grew by 74.2% vs. 67.7% of the first half-year of 2017.

The operational cash flow in the reported year of 2018 grew by 55.6% to 2,943 mln roubles.

The capital costs over 2017 grew by 2.9 times to 1,542 mln roubles.

The net debt over the 6 months of this year has amounted to 16,047 mln roubles, which is 3 times more when compared with December 31, 2017. The significant increase in the net debt was stipulated by a new dollar bonded loan, the company states.

Just a reminder, DeloPorts incorporates the assets of NUTEP container terminal, KCK grain terminal and Delo Service Company. The total amount of cargo put through over the 6 months of 2018 amounted to 4.6 mln tonnes of grain which is by 30.3% higher than over the same period of 2017.

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01.08.2018

CARGO OF DELO

The amount of cargo handled by DeloPorts Ltd., i.e. incorporates the stevedore assets of Delo Group (NUTEP container terminal, KCK grain terminal and the service company Delo) in the first six months of this year grew to 4.6. mln tonnes. That is 30% higher than the same period of the last year.



When broken into segments, grain takes up more than half of the cargo (KCK grain terminal). When compared with the 6 months of 2017, the amount of grain handled has grown by 40 % to about 2.4 mln tonnes.

The containers also take up a significant share of the cargo handled. During January-June 2018, the amount of containers put through grew by 28% to 2.2 mln tonnes.

During the 6 months of this year, the container terminal NUTEP handled 186 thousands TEU which is 12% higher than the same period of the year 2017.

Regarding the other cargo segments, the growth is negative. The amount of general cargo handled amounted to 1 thousand tonnes only, i.e. 99% below the same period of the last year. The volume of the ro-ro cargo went down by 65% (to 7 thousand tonnes).

During the first half-year of 2018, Delo Service Company which specializes in the bunkering of all kinds of ships in the Port of Novorossiysk sold 14% (to 27 thousand tonnes) less bunker fuel.

Since June 2017, Delo Service Company has begun providing ship’s agency services in the Port of Novorossiysk. The number of ships serviced during the 6 months of 2018 grew 5.4 times to 113 units. During January-June, there were 457 mooring operations.

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16.07.2018

CARGO THROUGHPUT OF DELOPORTS OF NOVOROSSIYSK IN JANUARY-JUNE OF 2018 GREW BY 30%

The cargo through put of DeloPorts Ltd. of Novorossiysk in January – June 2018 grew by 30% to 4.6 mln tonnes as of the same period of the last year, the press service of the company reported.

The holding company accounts for the increase by the growth in the numbers of containers put through NUTEP terminal, owned by DepoPorts Ltd., both in tonnes and twenty foot containers – 12% and 28% respectively, the growth being the result of the continuing recovery of the Russian container market.

Besides, the growth in the amount of grain, being a result of good wheat harvest, handled by KCK terminal (+40) also counted.

The proceeds of DeloPorts in 2017 amounted to 8.79 billions of roubles, as RBK Krasnodar reported. They grew by 12.7% as compared with 2016. The net profit of the company, allowing for the exchange rate due to re-evaluation of the obligations denominated in foreign currency, grew by 4.1% to 4.24 billion roubles.

In April 2018 the rating agency Standard & Poor’s lowered the long-term corporate credit rating of DeloPorts Ltd. from BB- to B+ with stable outlook. The lower rating is caused by the close of the deal to buy out 30.75% stake in Global Port Investment PLC. by the parent company Service Company Delo Ltd. To finance the deal, DeloPorts issued bonds for 140 mln dollars. Besides, Delo Group took out a loan.

In May, RAEX agency (Expert PA) lowered the company’s ratings to ruA level for the same reason. Besides, “under monitoring” status was removed from the company.

DeloPorts Ltd. was registered in Novorossiysk in 2015. The company is one of the Russian largest stevedore holding companies that incorporates assets of Delo Group in the grain and container segments. The holding company includes NUTEP container terminal, KCK grain terminal and TOS bunkering company.

For more details go to:

https://kuban.rbc.ru/krasnodar/freenews/5b4ca9309a79473eaaa6af25

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13.07.2018

DELOPORTS 1H 2018 OPERATING RESULTS



OOO “DeloPorts” (hereinafter DeloPorts), a major Russian stevedoring holding, consolidating the assets of Delo Group in the grain and container segments, publishes its operating results for the six months of 2018.

In January-June 2018 turnover of DeloPorts’ terminals increased by 30% compared to January-June 2017 and reached 4.6 mln tonnes due to growth of volumes in the core segments:

• growth of NUTEP cargo turnover in twenty-foot and tonnage equivalent (+12% and +28% respectively compared to 1H 2017) due to the continuing recovery of the container market in Russia;

• growth of KSK grain handling volumes (+40% compared to the same period of 2017) caused primarily by high harvest volumes.

Cargo throughput (‘000 t)

Cargo type

1Q 18

2Q 18

1H 2018

1H 2017

1H 2018/

1H 2017*

Containers

1,109

1,120

2,229

1,739

28%

Grain

1,260

1,090

2,350

1,674

40%

General cargo

0

1

1

88

(99%)

Ro-Ro

4

3

7

19

(65%)

Total cargo throughput

2,373

2,214

4,587

3,519

30%

including:

Containers (‘000 TEU)

107

79

186

166

12%

Ro-Ro (‘000 units)

1

0

2

5

(67%)

Service type

Bunkering fuel sales(‘000 t)

13

14

27

32

(14%)

Mooring operations (units)

226

231

457

n/a

n/a

Agency services (units)

54

59

113

21

n/a



* Minor deviations in the calculation of the percentage changes in this press release are due to rounding.

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11.07.2018

DELOPORTS ISSUED BONDS FOR 3.5 BILLION ROUBLES WITH THE 9.4% COUPON

MOSCOW, 11 July – PRIME. Stevedore DeloPorts has issued bonds for 3.5 billion roubles for 5 years with the 9.4% coupon, the company’s statement reads.

The company announced the issuance of bonds of 001P-01 series for 3.5 billion roubles. There is no offer on the bonds. The coupon interest rate at the close of the entry book is set at 9.4% annually (which corresponds to profitability of 9.62% annually), the statement reads.

The total demand for the 9.4% coupon was 9.5 billion roubles. Raiffeisenbank, Sovcombank and GPB (Gazprombank) organized the issuance. The bonds have been issued under the programme for exchange bonds of DeloPorts registered in August 2016. The amount of the programme is 50 billion roubles or an equivalent to this amount in foreign currency. The maturity of the bond issue under the programme is up to 10 years.

At the same time, the company offered to take the bonds of the first series out which it issued in November 2015 for the amount of 3 billion roubles with the 13.8% annual rate for the half-year coupons till the offer in November 2018.

“The new issuance for 3.5 billion roubles for a 5 year period allows extending the maturity date for the current obligations of DeloPorts and lowering the borrowing costs from 13.8% to 9.4%. The specificity of the deal is that the profitability for the redemption of the old stock is based on the profitability for the new issuance with a small premium. As a result, investors used the offer for the total amount of 2.1 billion roubles,” said Andrei Bubnov, General Director of Delo Service Company.

DeloPorts is a holding company, which owns stevedore assets of Delo Group. The assets include NUTEP container terminal, KCK grain terminal and TOS bunkering company. The both terminals are located in Novorossiysk.

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17.05.2018

EXPERT RA DOWNGRADES DELOPORTS TO ruA

DeloPorts announces that RAEX rating agency (Expert RA) downgrades DeloPorts credit rating from ruA+ to ruA with a “stable” outlook.


<div><i>Full version of the report is available on the agency's website at <a href="https://raexpert.ru/press" >https://raexpert.ru/press</a></i></div>
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28.04.2018

STANDARD & POOR’S DOWNGRADES DELOPORTS TO B+

DeloPorts announces that Standard & Poor’s rating agency (S&P) downgrades DeloPorts long-term credit rating from “BB-“ to “B+” with a “stable” outlook.


Full report is available on the S&P’s website at www.standardandpoors.com 
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28.04.2018

S&P LOWERED THE CREDIT RATING OF DELOPORTS OF NOVOROSSIYSK

The rating agency Standard & Poor’s has lowered the long-term corporate credit rating from BB- to B+ with stable outlook, the press statement of the agency reads.

The lower rating is caused by the parent company Service Company Delo Ltd. closing the deal on the buy-out of 30.75% stake in Global Port Investment PLC. To finance the deal, DeloPorts issued bonds for 140 mln dollars. Besides, Delo Group took out a loan.

“Since DeloPorts is the principal source of income for Delo Group, it’s this company that will be liable for the debt repayment”, Standart & Poor’s analysts state.

Global Ports is the largest operator of container terminals. There are five such terminals in Russia and two in Finland under its management. The company’s assets are in the Baltic and the Far East.

The agency also expects that the proportion of funds from operations (FFO) to the company’s debt may amount to 23% in 2018 and to 25% by 2019. For comparison: this proportion was 46% in 2017. If FFO to the debt drops below 15%, the company’s rating may be lowered again, the analysts say.

Yet in December 2017, S&P predicted the deal would entail the lowering of the ratings of DeloPorts Ltd.

The proceeds of DeloPorts (corporate affiliate of Delo Group) in 2017 amounted to 8.79 billions of roubles, as RBK Krasnodar reported. They grew by 12.7% as compared with 2016. The net profit of the company, allowing for the exchange rate due to re-evaluation of the obligations denominated in foreign currency, grew by 4.1% to 4.24 billion roubles.

DeloPorts Ltd. was registered in Novorossiysk in 2015. The company is one of the Russian largest stevedore holding companies that incorporates assets of Delo Group (under control of businessman Sergey Shishkarev) in the grain and container segments. The holding company includes NUTEP container terminal, KCK grain terminal and TOS bunkering company.

For more details go to:

https://kuban.rbc.ru/krasnodar/freenews/5ae42cae9a7947b85a9af960

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16.04.2018

DELOPORTS 1Q 2018 OPERATING RESULTS

OOO “DeloPorts” (hereinafter DeloPorts or the Company), a major Russian stevedoring holding, consolidating the assets of Delo Group in the grain and container segments, publishes its operating results for the first quarter of 2018.


In 1Q18 turnover of DeloPorts’ terminals increased by 38% compared to 1Q17 and reached 2.4 mln tonnes due to growth of volumes in the Company’s core segments.

• Growth of NUTEP cargo turnover in twenty-foot and tonnage equivalent by 49% and 53% respectively compared to 1Q17 due to Russian container market recovery. In March 2018, NUTEP handled a record monthly volume of 40,776 TEU (+31% compared to the same period in 2017) which is the record level of the monthly container throughput for the Novorossiysk Bay.
• Growth of KSK grain handling volumes by 32% compared to 1Q17 due to the record harvest of the agricultural season 2016-2017
• Decrease in the volumes of general and Ro-Ro cargoes as a result of cargo prioritization
• Decrease of bunkering fuel sales by 7% compared to 1Q17
• 226 mooring operations completed in January-March 2018, agency services provided for 54 vessels

Cargo throughput (‘000 t)

Cargo type

1Q18

1Q17

1Q18/1Q17*

Containers

1,109

726

53%

Grain

1,260

951

32%

General cargo

0

36

(100%)

Ro-Ro

4

8

(57%)

Total cargo throughput

2,373

1,722

38%

including:

Containers (‘000 TEU)

107

72

49%

Ro-Ro (‘000 units)

1

1

(14%)

Service type

Bunkering fuel sales (‘000 t)

13

14

(7%)

Mooring operations (units)

226

n/a

n/a

Agency services (units)

54

n/a

n/a

* Minor deviations in the calculation of the percentage changes in this press release are due to rounding.

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13.04.2018

DELO WILL PARTITION THE PORTS

The group will manage the old and new assets separately

Newspaper "Коммерсантъ" №64 of 13.04.2018, page 8

Delo Group has sealed the deal to acquire 30.75% of Global Ports port holding company from N-Trans of Nikita Mishin, Konstantin Nikolaev and Andrei Filatov for about $250 mln. The deal terms read that Global Ports and DeloPorts, stevedore asset of Delo, will be managed separately and keep the competition in the market. To do this, the assets had to be isolated one from the other at the Board of Directors level. The sellers will spend the proceeds on their own projects.

On Thursday, Delo Group of Sergey Shishkarev and N-Trans of Nikita Mishin, Konstantin Nikolaev and Andrei Filatov closed the deal to acquire by Delo 30.75% of Global Ports, a large Russian stevedore company. The company announced about the deal at the end on 2017 (see “Ъ” of December 21, 2017) and the FAS approved the deal on 16th February.

As Sergey Shishkarev explained to “Ъ”, the value of the transaction was “slightly below a quarter of a billion dollars”. He didn’t disclose the exact amount saying that “the deal is closed under the market conditions”. The financing was provided from the own funds of Delo, an issue of exchange bonds by DeloPorts (stevedore asset of the group) and a credit line from Sovcombank.

There are five container terminals under the Global Ports management in the Russian Federation and two in Finland. According to IFRS, the earnings for the first half-year of 2017 are $162 mln, EBITDA — $97,3 mln, the net loss - $11.9 (versus $113.4 mln profit a year earlier). The net debt is $1.03 billions. Dutch A.P. Moeller-Maersk through Netherland APM Terminals B.V. owns 30.75% of the shares and Cypriote Ilibrinio Establishment Limited и Polozio Enterprises Limited own 9% each. N-Trans owned the share of Global Ports through Transportation Investments Holding Ltd (TIHL). DeloPorts, the main asset of Delo, includes NUTEP container terminal, TOS bunkering company and KCK grain terminal. The consolidated earnings of DeloPorts for 2016 are 7.8 billions of roubles. Also, Delo owns ship repairing, railroad and grain assets.

The terms of the transaction have no provision about making an offer to other shareholders. The relationships with strategic partners of Global Ports are not to be changed: Delo Service Company has joined the shareholding agreement with APM, replacing TIHL therein. The partners will draw up a new development strategy for Global Ports “in the upcoming autumn of 2018”. As Delo Group explained, the first steps towards this end are expected to be made by the end of May. The strategy may provide for diversification in the cargo nomenclature, “for example, Ust-Luga develops as an industrial cluster with a clear-cut export orientation”.

Delo Service Company will operate DeloPorts and Global Ports separately. There will be a “Chinese wall” between the assets which will prevent the overflow of sensitive information, as Anton Chertkov, member of the Board of Directors of Delo explains. This explains the reshuffles among the management positions: the members of the Board of Directors of DeloPorts will not be on the Board of Global Ports and vice versa. But the agreement provides for Sergey Shishkarev to be on the both boards and participate in management of the companies.

According to information “Ъ” has obtained from N-Trans, the shareholders intend to spend the funds on personal projects in various industrial branches. Andrei Filatov has plans to invest in SRP-project of the “25 years of independence” gas field in Uzbekistan. Nikita Mishin will continue supporting Russian education under Dar fund, as the company stated.

The FAS approved the acquisition under a number of conditions, particularly requiring Global Ports to set within 30 days after the deal is closed rouble tariffs at an economically justified level or lower. They mustn’t be above the prices of 2013-2014, allowing for the inflations. As the Group explained to “Ъ”, Global Ports and Delo interact with the FAS on this issue on the basis of the settlement agreement signed between the FAS and Global Ports in December 2017.

As Michael Burmistrov, head of Infoline-Analitiki, comments, under the market volatility induced by the sanctions, a deal without a discount for foreign currency risks is more beneficial for the seller than in December. He explains that appearingly the period for rouble stability has ended and the FAS, while insisting on changing the port tariffs to roubles, this way will decrees the marginality of the stevedore companies and their steadiness against foreign currency risks when servicing the debt.


Natalia Skorlyghina

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09.04.2018

DELOPORTS IFRS FINANCIALS FOR 2017

OOO “DeloPorts” (hereinafter DeloPorts or the Company), a major Russian stevedoring holding, consolidating the assets of Delo Group in the grain and container segments, publishes its consolidated financial results for 2017 in accordance with IFRS.


<div style="text-align: justify;"><b>Key financials: </b> </div>

<div style="text-align: justify;"> •    Consolidated revenue RUB 8,791 mln (+12.7%)  
  <br />
•    Consolidated EBITDA RUB 6,079 mln (+5.7%)
  <br />
•    EBITDA margin 69.2% as against 73.8% in 2016 
  <br />
•    Adjusted net profit RUB 4,242 mln (+4.1%)
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•    Operating cash flow RUB 4,976 mln (+5.1%)
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•    CAPEX RUB 2,403 mln (+124.2%)
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•    Net debt RUB 5,814 mln (+34.4% compared to 31 December 2016)
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•    Net debt/EBITDA 1.0x versus 0.8x as of 31 December 2016 
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<b>Key operating results: </b>
  <br />
•    Total volume of cargo handling 7.7 mln tonnes (+28.3%)
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•    Grain handling volume 4.2 mln tonnes (+26.9%)
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•    Container throughput 304 thousand TEU (+30.0%) </div>

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<div style="text-align: justify;"><i>A full version of the Company's audited consolidated financial statements prepared in accordance with IFRS as of 31 December 2017, covering a twelve-month period ending on that date, is available on the website of DeloPorts at <u>http://www.deloports.ru/pages/investors/financial_results/</u></i></div>

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06.04.2018

RECORD MONTHLY CONTAINER THROUGHPUT

NUTEP container terminal updated its record monthly container throughput, having improved the level of December 2017 by 12%.

<div style="text-align: justify;">In March 2018, NUTEP handled 40,776 TEU (+ 31% compared to the same period in 2017) which is the record level of the monthly container throughput for the Novorossiysk Bay.
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06.04.2018

DELOPORTS WILL PLACE BONDS AT MOSCOW STOCK EXCHANGE FOR $140 MLN

As DeloPorts Ltd. reports, it will place at Moscow Stock Exchange publicly offered exchange bonds with the coupon being calculated from April 10, 2018. The bonds to be placed are documentary interest-bearing non-convertible bearer bonds with mandatory centralized storage.

According to the company, the total number of the bonds will be 140 thousands with the nominal value of $ 1,000. Thus the total amount of the bonds to be placed will be $ 140 mln. The company also states that the coupon for 14 coupon periods from April 10, 2014 till April 1, 2025 will be 6.75% annually.

DeloPort Ltd., i.e. part of Delo Group, is one of the Russia’s largest private transport-logistic holding companies. The Group’s companies provide services in cargo handling and ship bunkering in the Port of Novorossiysk, railroad and multimodal container transportation, forwarding, customs clearance of exports-imports in Russia and the CIS, supply of crude oil and petroleum products. According to «SPARK-Interfax», Sergey Shishkarev is the beneficiary. According to „Ъ“, Delo incorporates the container terminal NUTEP, the bunkering company TOS and the grain terminal KCK. The consolidated proceeds of DeloPorts Ltd. in 2016 are 7.8 billions of roubles. The group also owns ship repairing, railroad and grain assets.

As „Ъ“ said before, in March 2018, the FAS granted the petition by Sergey Shishkarev to acquire 30.75% of Global Ports. „Ъ“ reported on the forthcoming deal in December 2017 when Global Ports itself reported that Transportation Investments Holding Ltd. (group N-Trans of Nikita Mishin, Konstantin Nikalaev and Andrey Filatov) had made a deal with Delo Group to sell this block of stock (see „Ъ“ of December 21, 2017). As per timeline given in the report, the deal was to be closed in April. The value of the transaction wasn’t disclosed; however, based on the capitalization, it had to be around $238 mln.

There are five container terminals in the north-west and the Far East of the Russian Federation under the management of Global Ports with 670 thousand TEU containers put through in the first half-year and two in Finland. The proceeds, according to IFRS, for the first half-year are $162.5 mln, EBITDA — $97,3 mln, the net loss – $11.9 mln (versus %113.4 mln profit a year earlier). The net debt is $ 1.03 billions. Dutch A.P. Moeller-Maersk A/S through APM Terminals B.V. owns 30,75% of the shares and Ilibrinio Establishment Limited and Polozio Enterprises Limited own 9% each.


Коммерсантъ

06.04.2018, 16:05

Andrei Nimchenko

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30.03.2018

FITCH AFFIRMS DELOPORTS AT 'BB-'

DeloPorts announces that Fitch Ratings agency (Fitch) affirmed DeloPorts’ long-term issuer default rating (IDR) and RUB3bn unsecured bond rating of DeloPorts at BB-. The ratings outlook is stable.

Full report is available on the Fitch website at www.fitchratings.com
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29.03.2018

NEW APPOINTMENT IN THE KEY EXECUTIVE MANAGEMENT

DeloPorts announces the appointment of Alexander Trukhanovich to the position of Chief Executive Officer of KSK grain terminal.


<div style="text-align: justify;">Mr. Trukhanovich, previously CEO of LLC ‘Gazpromneft Marine Bunker’ in Novorossiysk, has been working in the transport industry since 2006 and has extensive experience in managing stevedoring assets. From 2006 to 2015, Alexander Truhanovich held executive positions in Novorosnefteservis LLC and Novorossiysk Oil Transshipment Complex LLC (until 2013 they were part of the oil segment of Delo Group).</div>

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<div style="text-align: justify;">Alexander Trukhanovich graduated from the Moscow Military Institute of the Federal Border Service of the Russian Federation with a degree in jurisprudence and the Naval Academy named after Admiral F. Ushakov, specializing in the organization of transportation and management in transport (maritime).
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<div style="text-align: justify;">"Alexander has the knowledge and skills necessary for the head of the stevedore asset and is well informed about the specifics of the Novorossiysk transportation hub. I wish Alexander success in his CEO position at one of the leading terminals of the Group. I am confident that his experience will contribute to the further increase of KSK effectiveness”, - commented on the appointment Igor Yakovenko, Chief Executive Officer of DeloPorts.</div>

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15.01.2018

DELOPORTS 2017 OPERATING RESULTS

OOO “DeloPorts” (hereinafter DeloPorts), a major Russian stevedoring holding, consolidating the assets of Delo Group in the grain and container segments, publishes its operating results for the full year of 2017.


In 2017 turnover of DeloPorts’ terminals increased by 28% compared to 2016 and reached 7.7 million tonnes due to record volumes of container transhipment and grain exports. 
<div>
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</div>

<div>
  <div style="text-align: justify;">•    Growth of NUTEP container turnover in twenty-foot and tonnage equivalent by 30% and 36% respectively compared to 2016 due to container market recovery. NUTEP set a record level of annual transshipment of 304 thousand TEU. Additionally, a new record level of monthly transshipment amounted to 36 324 TEU in December 2017. </div>

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   </div>

  <div style="text-align: justify;">•    Growth of KSK grain handling volumes by 27% compared to 2016 due to record harvest volumes. In 2017 KSK handled 4.2 million tonnes which set an annual record for the grain terminal.</div>

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    <br />
   </div>

  <div style="text-align: justify;">•    Decrease in the volumes of general cargo by 30%.</div>

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   </div>

  <div style="text-align: justify;">•    Decrease in the volumes of Ro-Ro cargo by 53% as a result of containerization of imports. In unit equivalent Ro-Ro volumes decreased by 5%.</div>

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   </div>

  <div style="text-align: justify;">•    Increase of bunkering fuel sales by 101% compared to 2016 and start of the tug boat operations by Delo Service Company. In December 2017 first mooring services were provided for three ships.</div>

  <br />
Cargo throughput (‘000 tonnes) </div>

<div>
  <table border="1" cellspacing="0" cellpadding="0" width="99%">
    <tbody>
      <tr> <td width="28%">
          <p><b>Cargo type</b></p>
         </td> <td width="8%">
          <p align="right"><b>1Q 17</b></p>
         </td> <td width="8%">
          <p align="right"><b>2Q 17</b></p>
         </td> <td width="8%">
          <p align="right"><b>3Q 17</b></p>
         </td> <td width="8%">
          <p align="right"><b>4Q 17</b></p>
         </td> <td width="4%" valign="top">
          <p align="right"> </p>
         </td> <td width="8%">
          <p align="right"><b>2017</b></p>
         </td> <td width="8%">
          <p align="right"><b>2016</b></p>
         </td> <td width="13%">
          <p align="right"><i>2017/</i></p>
        
          <p align="right"><i>2016</i></p>
         </td> </tr>
    
      <tr> <td width="28%">
          <p>Containers</p>
         </td> <td width="8%">
          <p align="right">726</p>
         </td> <td width="8%">
          <p align="right">1,013</p>
         </td> <td width="8%" valign="top">
          <p align="right">580</p>
         </td> <td width="8%">
          <p align="right">1,008</p>
         </td> <td width="4%" valign="top">
          <p align="right"> </p>
         </td> <td width="8%">
          <p align="right">3,326</p>
         </td> <td width="8%">
          <p align="right">2,438</p>
         </td> <td width="13%">
          <p align="right"><i>36%</i></p>
         </td> </tr>
    
      <tr> <td width="28%">
          <p>Grain</p>
         </td> <td width="8%">
          <p align="right">951</p>
         </td> <td width="8%">
          <p align="right">723</p>
         </td> <td width="8%" valign="top">
          <p align="right">1,055</p>
         </td> <td width="8%">
          <p align="right">1,487</p>
         </td> <td width="4%" valign="top">
          <p align="right"> </p>
         </td> <td width="8%">
          <p align="right">4,216</p>
         </td> <td width="8%">
          <p align="right">3,322</p>
         </td> <td width="13%">
          <p align="right"><i>27%</i></p>
         </td> </tr>
    
      <tr> <td width="28%">
          <p>General cargo</p>
         </td> <td width="8%">
          <p align="right">36</p>
         </td> <td width="8%">
          <p align="right">52</p>
         </td> <td width="8%" valign="top">
          <p align="right">24</p>
         </td> <td width="8%">
          <p align="right">21</p>
         </td> <td width="4%" valign="top">
          <p align="right"> </p>
         </td> <td width="8%">
          <p align="right">132</p>
         </td> <td width="8%">
          <p align="right">189</p>
         </td> <td width="13%">
          <p align="right"><i>(30%)</i></p>
         </td> </tr>
    
      <tr> <td width="28%">
          <p>Ro-Ro</p>
         </td> <td width="8%">
          <p align="right">8</p>
         </td> <td width="8%">
          <p align="right">10</p>
         </td> <td width="8%" valign="top">
          <p align="right">10</p>
         </td> <td width="8%">
          <p align="right">8</p>
         </td> <td width="4%" valign="top">
          <p align="right"> </p>
         </td> <td width="8%">
          <p align="right">37</p>
         </td> <td width="8%">
          <p align="right">79</p>
         </td> <td width="13%">
          <p align="right"><i>(53%)</i></p>
         </td> </tr>
    
      <tr> <td width="28%">
          <p><b>Total cargo throughput</b></p>
         </td> <td width="8%">
          <p align="right"><b>1,722</b></p>
         </td> <td width="8%">
          <p align="right"><b>1,798</b></p>
         </td> <td width="8%">
          <p align="right"><b>1,669</b></p>
         </td> <td width="8%">
          <p align="right"><b>2,523</b></p>
         </td> <td width="4%">
          <p align="right"> </p>
         </td> <td width="8%">
          <p align="right"><b>7,712</b></p>
         </td> <td width="8%">
          <p align="right"><b>6,028</b></p>
         </td> <td width="13%">
          <p align="right"><b><i>28%</i></b></p>
         </td> </tr>
    
      <tr> <td width="28%">
          <p> <i>including:</i></p>
         </td> <td width="8%">
          <p align="right"> </p>
         </td> <td width="8%">
          <p align="right"> </p>
         </td> <td width="8%" valign="top">
          <p align="right"> </p>
         </td> <td width="8%">
          <p align="right"> </p>
         </td> <td width="4%" valign="top">
          <p align="right"> </p>
         </td> <td width="8%">
          <p align="right"> </p>
         </td> <td width="8%">
          <p align="right"> </p>
         </td> <td width="13%">
          <p align="right"> </p>
         </td> </tr>
    
      <tr> <td width="28%">
          <p>Containers <i>(‘000 TEU)</i></p>
         </td> <td width="8%">
          <p align="right">72</p>
         </td> <td width="8%">
          <p align="right">94</p>
         </td> <td width="8%">
          <p align="right">51</p>
         </td> <td width="8%">
          <p align="right">87</p>
         </td> <td width="4%">
          <p align="right"> </p>
         </td> <td width="8%">
          <p align="right">304</p>
         </td> <td width="8%">
          <p align="right">233</p>
         </td> <td width="13%">
          <p align="right"><i>30%</i></p>
         </td> </tr>
    
      <tr> <td width="28%">
          <p>Ro-Ro <i>(‘000 units)</i></p>
         </td> <td width="8%">
          <p align="right">1</p>
         </td> <td width="8%">
          <p align="right">3</p>
         </td> <td width="8%" valign="top">
          <p align="right">3</p>
         </td> <td width="8%">
          <p align="right">3</p>
         </td> <td width="4%" valign="top">
          <p align="right"> </p>
         </td> <td width="8%">
          <p align="right">11</p>
         </td> <td width="8%">
          <p align="right">12</p>
         </td> <td width="13%">
          <p align="right"><i>(5%)</i></p>
         </td> </tr>
    
      <tr> <td width="28%">
          <p><b>Service type</b></p>
         </td> <td width="8%">
          <p align="right"> </p>
         </td> <td width="8%">
          <p align="right"> </p>
         </td> <td width="8%" valign="top">
          <p align="right"> </p>
         </td> <td width="8%" valign="top">
          <p align="right"> </p>
         </td> <td width="4%" valign="top">
          <p align="right"> </p>
         </td> <td width="8%" valign="top">
          <p align="right"> </p>
         </td> <td width="8%">
          <p align="right"> </p>
         </td> <td width="13%">
          <p align="right"> </p>
         </td> </tr>
    
      <tr> <td width="28%">
          <p>Bunkering fuel sales (‘000 tonnes)</p>
         </td> <td width="8%">
          <p align="right">14</p>
         </td> <td width="8%">
          <p align="right">17</p>
         </td> <td width="8%">
          <p align="right">13</p>
         </td> <td width="8%">
          <p align="right">18</p>
         </td> <td width="4%" valign="top">
          <p align="right"> </p>
         </td> <td width="8%">
          <p align="right">62</p>
         </td> <td width="8%">
          <p align="right">31</p>
         </td> <td width="13%">
          <p align="right"><i>101%</i></p>
         </td> </tr>
    
      <tr> <td width="28%">
          <p>Agency services (units)</p>
         </td> <td width="8%">
          <p align="right">n/a</p>
         </td> <td width="8%">
          <p align="right">21</p>
         </td> <td width="8%">
          <p align="right">83</p>
         </td> <td width="8%">
          <p align="right">90</p>
         </td> <td width="4%">
          <p align="right"> </p>
         </td> <td width="8%">
          <p align="right">194</p>
         </td> <td width="8%">
          <p align="right">n/a</p>
         </td> <td width="13%">
          <p align="right">n/a</p>
         </td> </tr>
    
      <tr> <td width="28%">
          <p>Mooring services (units)</p>
         </td> <td width="8%">
          <p align="right">n/a</p>
         </td> <td width="8%">
          <p align="right">n/a</p>
         </td> <td width="8%">
          <p align="right">n/a</p>
         </td> <td width="8%">
          <p align="right">3</p>
         </td> <td width="4%">
          <p align="right"> </p>
         </td> <td width="8%">
          <p align="right">3</p>
         </td> <td width="8%">
          <p align="right">n/a</p>
         </td> <td width="13%">
          <p align="right">n/a</p>
         </td> </tr>
     </tbody>
   </table>
</div>
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26.12.2017

NEW EQUIPMENT AT NUTEP CONTAINER TERMINAL

New equipment from ZPMC has been delivered to Novorossiysk as part of the investment project for the reconstruction of NUTEP container terminal.


<div style="text-align: justify;">The delivery of two reach stackers for handling of loaded and empty containers is part of the programme to increase the equipment fleet and upgrade the terminal infrastructure of NUTEP.</div>
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25.12.2017

DELIVERY OF TUG BOATS TO THE PORT OF NOVOROSSIYSK

Three tug boats delivered for Delo Service Company.

On 23 December 2017, three tug boats were delivered to the port of Novorossiysk by the vessel Prima Dora. The tug boats for Delo Service Company were unloaded at the berth of NUTEP.
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<div>The fourth tug boat is scheduled for delivery in 2018.
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<div> The delivery of tug boats was carried out as part of a previously signed agreement with the Dutch company Damen Shipyards Group. </div>

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<div><img src="/upload/medialibrary/c66/1.jpg" title="1.jpg" border="0" alt="1.jpg" width="448" height="299"  /></div>

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<div><img src="/upload/medialibrary/cb0/3.jpg" title="3.jpg" border="0" alt="3.jpg" width="448" height="299"  /></div>

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<div><img src="/upload/medialibrary/392/2.jpg" title="2.jpg" border="0" alt="2.jpg" width="448" height="299"  /></div>
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29.11.2017

STANDARD & POOR’S AFFIRMS DELOPORTS AT BB-

DeloPorts announces that Standard & Poor’s rating agency (S&P) confirmed DeloPorts BB- long-term credit rating with a “stable” outlook.


 Full report is available on the S&P’s website at www.standardandpoors.com
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29.11.2017

S&P CONFIRMED THE RATING OF DELOPORTS WITH “STABLE” OUTLOOK

29 November. FINMARKET.RU – International rating agency S&P Global Ratings confirmed the long-term corporate credit rating for DeloPorts Ltd. (head company of the stevedore group) at the level BB-.

The rating’s outlook – “stable”, the agency’s release reads.

“DeloPorts will continue profiting this year due to the improved situation in the Russian container market, which is especially noticeable in the Black Sea, where the company operates, the statement says. – it also has good conditions for exporting grain.”

The agency’s analysts predict growth in the container segment by 18-20% in 2017, in the grain business – by 15%.

S&P GR expects the proceeds of the company grow by 2% next year, profitability EBITDA – by about 70-72%.

DeloPorts is a holding company owning stevedore assets in the south-eastern district of the sea port of Novorossiysk. The company is one of the Russian largest sea stevedores in the south, holding leading positions in the amount of grain and containers handled in the region. The key assets of DeloPorts: NUTEP container terminal, KCK grain terminal and TOS bunkering company.

The cargo throughput at DeloPorts terminals in 2016 amounted to 6 mln tonnes, which is 10% over the last year, whereat the amount of grain handled grew by 18.2% to 3.3 mln tonnes, containers – by 18.2% to 233 thousand TEU.

Раскрыть

01.11.2017

RECORD MONTHLY GRAIN THROUGHPUT



<div style="text-align: justify;">In October 2017, KSK grain terminal handled more than 560 thousand tonnes which sets a new monthly record for the terminal.</div>
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30.10.2017

DELOPORTS HOSTED A SITE VISIT TO DAMEN

On 19 October 2017, representatives of Damen Shipyards Group (Damen) visited stevedoring assets of DeloPorts and Aleksino shipyard belonging to Delo Group.


During the meeting the president of Delo Group Sergey Shishkarev and the owner of Damen Kommer Damen discussed plans for strategic cooperation of companies in the south of Russia.

At the moment, a number of cooperation agreements have been signed between Delo Group and Damen. According to the agreements, three tug boats will be delivered to SC "Delo" until the end of 2017, the delivery of the fourth tug boat is scheduled for 2018. Within the framework of the agreement on intentions, it is planned to establish a service hub in Novorossiysk at Aleksino shipyard to expand the existing customer base and improve the quality of service.

Damen Shipyards Group is the largest shipbuilding group that unites shipbuilding and ship repair yards all over the world.
Раскрыть

19.10.2017

RAEX (EXPERT RA) ASSIGNED ruA+ RAITING TO DELOPORTS

OOO “DeloPorts” (hereinafter DeloPorts or the Company), a major Russian stevedoring holding, consolidating the assets of Delo Group in the grain and container segments, welcomes RAEX (Expert RA) assigning a ruA+ corporate rating with a ‘stable’ outlook to DeloPorts.


<div style="text-align: justify;">Commenting on the rating assignment, Elena Surkova, DeloPorts Deputy CEO on Economics and Finance, stated: “We are delighted to obtain an independent expert review of the Company’s achievements to date. The assigned rating enables to consider our bonds for inclusion in the Bank of Russia Lombard list which allows bond holders to REPO them”.</div>

<div style="text-align: justify;">
  <br />
</div>

<div style="text-align: justify;">In July 2017, DeloPorts placed its 3.5 billion Ruble bond. The coupon rate was set at 9.40%. Series 001R-01 notes were registered by the Moscow Exchange on 6 July 2017, registration number 4B02-01-36485-R-001Р.</div>

<div style="text-align: justify;">
  <br />
</div>

<div style="text-align: justify;"><a href="/upload/medialibrary/6f5/ekspert-2017.jpg" title="Эксперт 2017.JPG" >Rating Certificate</a></div>
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13.10.2017

DELOPORTS OPERATING RESULTS FOR 9 MONTHS 2017

OOO “DeloPorts” (hereinafter DeloPorts or the Company), a major Russian stevedoring holding, consolidating the assets of Delo Group in the grain and container segments, publishes its operating results for the nine months of 2017.


In 9M17 turnover of DeloPorts’ terminals increased by 21% compared to the same period in 2016 and reached 5.2 mln tonnes due to higher volumes in the Company’s core segments – container transhipment and grain exports.

• Growth of NUTEP cargo turnover in twenty-foot and tonnage equivalent by 24% and 25% respectively compared to January-September 2016 caused primarily by container market recovery and increase in the share of loaded containers.

• Growth of KSK grain handling volumes by 20% compared to the same period in 2016 due to the high harvest volumes. In August 2017, KSK handled 476 thousand tonnes which set a new monthly record for the terminal.

• Growth in the volumes of general cargo by3%.

• Decrease in the volumes of Ro-Ro cargo by 52% as a result of increased containerization of imports. In unit equivalent Ro-Ro volumes decreased by 7% and amounted to 7,912 units.

• Increase of bunkering fuel sales by 198% compared to January-September 2016 due to the low base of the last year.

Cargo throughput (‘000 tonnes)

Cargo type

1Q 17

2Q 17

3Q 17

 

9М 2017

9М 2016

9М 2017/

9М 2016

Containers

726

1,013

580

 

2,319

1,850

25%

Grain

951

723

1,055

 

2,729

2,277

20%

General cargo

36

52

24

 

112

108

3%

Ro-Ro

8

10

10

 

29

61

(52%)

Total cargo throughput

1,722

1,798

1,669

 

5,189

4,296

21%

 including:

 

 

 

 

 

 

 

Containers (‘000 TEU)

72

94

51

 

217

175

24%

Ro-Ro (‘000 units)

1

3

3

 

8

9

(7%)

Bunkering fuel sales

14

17

13

 

44

15

198%

Agency services (units)

n/a

21

83

 

104

n/a

n/a

Раскрыть

10.10.2017

SERVICE COMPANY DELO: ENVIRONMENTAL IMPACT ASSESSMENT

The works will be completed by 15 December 2017.

Service company Delo (LLC SK "Delo" in Novorossiysk, Griboedova str., 2) informs about the beginning of works on environmental impact assessment (EIA) from conducting economic activities in the inland sea waters of the Russian Federation. The work on the EIA is carried out from 15.10.17 to 15.12.2017.

The technical task in Russian here
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11.09.2017

NUTEP AND ZPMC SIGNED THE CONTRACT FOR EQUIPMENT SUPPLY

ZPMC will supply three STS cranes, four RTG cranes and two reach stackers.

In 2Q 2017 ООО “NUTEP”, DeloPorts’ container terminal which handles cargo in the port of Novorossiysk (“NUTEP”), and Shanghai Zhenhua Heavy Industries Co Ltd (“ZPMC”), the largest manufacturer of port, offshore and shipbuilding equipment, engineering vessels, drilling platforms and large-scale metal structures, signed the contract for equipment supply as part of the investment project - construction of deepwater berth 38 at NUTEP.

Under the terms of the contract, ZPMC will supply three STS cranes with a lifting capacity of 50 tonnes, four RTG cranes with a lifting capacity of 50 tonnes and two reach stackers. According to the contract, reach stackers will be delivered to the port of Novorossiysk in 4Q 2017, delivery of crane equipment is scheduled for 4Q 2018.

Commenting on the signed documents, Yury Matvienko, CEO of NUTEP, stated: "In our work we strive to meet international quality standards and have traditionally paid much attention to the degree of reliability and quality when choosing equipment. We are pleased that experience of the world’s largest manufacturer of port equipment will be applied at NUTEP to contribute to effective implementation of the project."

"We understand the scale and importance of this project for the south of Russia, and we will do our best to perform the order at the highest level and on time within the specified contract period," commented Leonid Sorokoumov, General Director of ZPMC Russia.

Construction of a deepwater berth at NUTEP is one of the priority and strategically significant DeloPorts’ investment projects. Implementation of the project is expected to bring ocean-class vessels of up to 10,000 TEUs and increase the throughput capacity of Russian "southern gateway".
Раскрыть

29.08.2017

DELOPORTS IFRS FINANCIALS FOR 1H 2017

OOO “DeloPorts” (hereinafter DeloPorts or the Company), a major Russian stevedoring holding company, consolidating the assets of Delo Group in the grain and container segments, publishes its consolidated financial results for the six months ended 30 June 2017 in accordance with IFRS.


Key financials:
• Consolidated revenue RUB 4,037 mln (+9.2%)
• Consolidated EBITDA RUB 2,733 mln (-1.6%)
• EBITDA margin 67.7% as against 75.1% in 1H 2016
• Adjusted net profit RUB 1,952 mln (+3.3%)
• Operating cash flow RUB 1,891 mln (-16.4%)
• CAPEX RUB 533 mln (+48.4%)
• Net debt as of 30 June 2017 RUB 5,289 mln (+22.2% compared to 31 December 2016)
• Net debt/EBITDA 0.9x as of 30 June 2017 versus 0.8x as of 31 December 2016

Key operating results:
• Total volume of cargo handling 3.5 mln tonnes (+32.3%)
• Grain handling volume 1.7 mln tonnes (+39.5%)
• Container throughput 166 ‘000 TEU (+28.5%)

Key developments:
• NUTEP container terminal and Shanghai Zhenhua Heavy Industries Co Ltd (ZPMC) signed the contract for equipment supply as part of the investment project - deepwater berth construction
• Delo Service Company established
• Corporate credit rating affirmed at BB- with a stable outlook (Fitch)

Commenting on the results, Igor Yakovenko, DeloPorts CEO, stated:
“The Company’s strong half year results of 2017 are reflective of container market recovery and increase of grain throughput driving DeloPorts’ share of Novorossiysk port’s annual dry cargo throughput from 14.4% to 17.0% as of 30 June 2017. We continue to progress our investment projects according to the programme.”


Раскрыть

14.07.2017

DELOPORTS 1H 2017 OPERATING RESULTS

OOO “DeloPorts” (hereinafter DeloPorts), a major Russian stevedoring holding, consolidating the assets of Delo Group in the grain and container segments, publishes its operating results for the six months of 2017.


In January-June 2017 turnover of DeloPorts’ terminals increased by 32% compared to January-June 2016 and reached 3.5 mln tonnes due to container market recovery and growth of grain volumes.

• Growth of NUTEP cargo turnover in twenty-foot and tonnage equivalent by 29% and 31% respectively compared to 1H 2016 due to recovery of imports, growth of exports and increase in the share of loaded containers. In May 2017, NUTEP handled its record monthly volume of 35,600 TEU.

• Growth of KSK grain handling volumes by 40% compared to the same period of 2016 due to the record harvest of the agricultural season 2016-2017. KSK factual throughput volumes exceeded its estimated capacities and amounted to 3.8 mln tonnes.

• Decrease in the volumes of general and Ro-Ro cargoes by 9% and 45%, respectively, as a result of increased containerization of imports.

• Growth of bunkering fuel sales by 138% compared to 1H 2016 due to the low base of 2016. At the beginning of June 2017 Delo Service Company launched ship agency services in the port of Novorossiysk.

Cargo throughput (‘000 tonnes)

Cargo type

1Q 17

2Q 17

1H 17

1H 16

1H 17/1H 16

Containers

726

1,013

1,739

1,330

31%

Grain

951

723

1,674

1,200

40%

General cargo

36

52

88

96

(9%)

Ro-Ro

8

10

18

34

(45%)

Total cargo throughput

1,722

1,798

3,520

2,660

32%

including:

Containers (‘000 TEU)

72

94

166

129

29%

Ro-Ro (‘000 units)

1

3

5

4

19%

Bunkering fuel sales

14

17

31

13

138%

Agency services (units)

n/a

21

21

n/a

n/a


Раскрыть

11.07.2017

DELOPORTS COMPLETES RUBLE BOND PLACEMENT

DeloPorts completed its 3.5 billion Ruble bond (series 001R-01) placement.

OOO “DeloPorts” (hereinafter DeloPorts), a major Russian stevedoring holding company, consolidating the assets of Delo Group in the grain and container segments completed its 3.5 billion Ruble bond (series 001R-01) placement. The coupon rate was set at 9.40% and a yield of 9.62%.

Series 001R-01 notes were registered by the Moscow Exchange on 6 July 2017, registration number 4B02-01-36485-R-001Р. Raiffeisenbank (JSC), Sovcombank (PJSC) and Bank GPB (JSC) acted as bookrunners of the placement. 

On 21 June 2017 DeloPorts offered series 01 notes to be redeemed from 3 July to 7 July 2017. The redemption price was equal to RUB1,056.3 and had been calculated on the basis of the new bond yield reduced by 0.1%.
In November 2015 the Company placed its debut 3.0 billion Ruble bonds with annual coupon rate of 13.80% and a 3-year call option.

“DeloPorts’ business is closely connected with infrastructure and requires long investments. Investors were offered to shift their portfolios – to exit the current bond issue and enter into a new Ruble placement. The link of redemption price and yield of the new issue provided interest to both transactions. We have been solving the following tasks – to prolong terms and align the coupon on the current market which will reduce the aggregate loan rate” – said Elena Surkova, DeloPorts Deputy CEO on Economics and Finance. 

Раскрыть

09.06.2017

AGENCY SERVICES IN THE PORT OF NOVOROSSIYSK

Delo Service Company (SCD) launches ship agency services in the port of Novorossiysk.

At the beginning of June 2017 Delo Service Company (SCD) launched ship agency services in the port of Novorossiysk with a view to expand the service range. 

SCD was established in March 2017 on the platform of TOS bunkering company and currently combines bunkering operations and ship agency services. 

SCD CEO Oleg Nechaev stated:    

"This type of activity is a new stage of development for DeloPorts. We are confident that this synergy will improve current services, ensuring the maximum optimization of logistics for ship owners in the port. The next stage of development for us will be the delivery of three tugboats of Damen to the port of Novorossiysk in December 2017. We expect this stage to become the final one for DeloPorts to provide a full range of services for customers at its berths".
Раскрыть

06.06.2017

RECORD MONTHLY CONTAINER THROUGHPUT



In May 2017, NUTEP handled 35,600 TEU, a monthly record for the terminal.
Раскрыть

02.06.2017

EQUIPMENT DELIVERY TO NUTEP

ZPMC company selected to supply crane equipment for implementation of the investment project.

Based on the tender results, ZPMC (Shanghai), the largest manufacturer of port and shipbuilding equipment, was selected as a supplier of crane equipment for the implementation of the investment project for the construction of a deepwater berth at NUTEP, DeloPorts’ container terminal.

Within a twenty day period NUTEP and ZPMC will conclude a contract for delivery of three STS cranes with a lifting capacity of 50 tonnes, four RTG cranes with a lifting capacity of 50 tonnes and two reach stackers.

Commenting on the results of the tender, DeloPorts’ CEO Igor Yakovenko stated: "We are pleased with our partnership and are confident that high quality of ZPMC products and its unique experience in the market will contribute to the effective implementation of our project."

Construction of a deepwater berth at NUTEP is one of the priority and strategically significant DeloPorts’ investment projects. Implementation of the project is expected to bring ocean-class vessels to the terminal and increase the throughput capacity of Russian "southern gateway".

Shanghai Zhenhua Heavy Industries Co., Ltd. (ZPMC) is a state-owned Chinese enterprise, a manufacturer of port, marine and shipbuilding equipment, engineering vessels, drilling platforms and large metal structures. 
Раскрыть

14.04.2017

DELOPORTS 1Q 2017 OPERATING RESULTS

In 1Q 2017 DeloPorts terminals handled 1.7 million tonnes, which represents a 13% increase compared to 1Q 2016.

OOO “DeloPorts” (hereinafter DeloPorts or the Company), a major Russian stevedoring holding, consolidating the assets of Delo Group in the grain and container segments, publishes its operating results for the first quarter of 2017.

In 1Q17 turnover of DeloPorts’ terminals increased by 13% compared to 1Q16 and reached 1.7 mln tonnes due to growth of volumes in the Company’s core segments.

• Growth of NUTEP cargo turnover in twenty-foot and tonnage equivalent by 23% and 17%, respectively, compared to 1Q16 due to container market recovery and increase in the share of loaded containers. In March 2017, NUTEP handled a record monthly volume of 31 034 TEU.

• Growth of KSK grain handling volumes by 15% compared to the same period in 2016 due to the record harvest of the agricultural season 2016-2017.

• Decrease in the volumes of general and Ro-Ro cargoes by 29% and 68%, respectively, as a result of increased containerization of imports.

• Increase of bunkering fuel sales by 55% compared to 1Q16 due to the low base of 2016.

Cargo throughput (‘000 tonnes)

Cargo type

1Q2017

1Q2016

1Q2017/1Q2016

Containers

726

622

17%

Grain

951

829

15%

General cargo

36

51

(29%)

Ro-Ro

8

26

(68%)

Total cargo throughput

1,722

1,528

13%

including:

Containers (‘000 TEU)

72

58

23%

Ro-Ro (‘000 units)

1

3

(45%)

Bunkering fuel sales

14

9

55%

Раскрыть

10.04.2017

DELOPORTS IFRS FINANCIALS FOR 2016

DeloPorts publishes its consolidated financial results for 2016 in accordance with IFRS.

OOO “DeloPorts” (hereinafter DeloPorts or the Company), a major Russian stevedoring holding, consolidating the assets of Delo Group in the grain and container segments, publishes its consolidated financial results for 2016 in accordance with IFRS.

Key financials:
• Consolidated revenue RUB 7,779 mln (+0.4%)
• Consolidated EBITDA RUB 5,753 mln (+17.8%)
• EBITDA margin 73.8% as against 62.8% in 2015
• Adjusted net profit RUB 4,073 mln (+23.8%)
• Operating cash flow RUB 4,773 mln (+6.3%)
• CAPEX RUB 1,127 mln (+100.5%)
• Net debt RUB 4,327 mln (-7.1% compared to 31 December 2015)
• Net debt/EBITDA 0.8x versus 1.0x as of 31 December 2015

Key operating results:
• Total volume of cargo handling 6.0 mln tonnes (+10.2%)
• Grain handling volume 3.3 mln tonnes (+18.2%)
• Container throughput 233,479 TEU (+15.3%)

A full version of the Company's audited consolidated financial statements prepared in accordance with IFRS as of 31 December 2016, covering a twelve-month period ending on that date, is available on the website of DeloPorts

Раскрыть

07.04.2017

HANDLING OF LARGER VESSELS AT NUTEP

NUTEP container terminal obtained technical documentation permitting to take ships with lengths up to 172 metres.

At the beginning of April 2017 NUTEP container terminal completed the registration of technical documentation and received permits allowing handling of vessels with lengths up to 172 meters at berth protection No. 39. Earlier ships of 150 meters in length could be handled at this berth.

The change in the berth's passport is intended to improve the efficiency of the current berths of NUTEP, reduce the waiting time for vessels on the roadstead, and reduce the ship owners’ expenses by reducing the time of vessel processing and the overall delivery time of cargo by sea when entering the terminal.

The linear ship of the Yang Ming line, 172 meters long, was moored at berth protection No. 39 on 7 April 2017.
Раскрыть

04.04.2017

FITCH AFFIRMS DELOPORTS AT 'BB-'



DeloPorts announces that Fitch Ratings agency (Fitch) affirmed DeloPorts’ long-term issuer default rating (IDR) and RUB3bn unsecured bond rating of DeloPorts at BB-. The ratings outlook is stable. 

Full report is available on the Fitch website at https://www.fitchratings.com


Раскрыть

03.04.2017

RECORD MONTHLY CONTAINER THROUGHPUT



In March 2017, NUTEP handled 31,034 TEU, a monthly record for the terminal.
Раскрыть

11.01.2017

DELOPORTS 2016 OPERATING RESULTS




OOO “DeloPorts” (hereinafter DeloPorts), a major Russian stevedoring holding company, consolidating the assets of Delo Group in the grain and container segments, publishes its operating results for the full year of 2016.

In the reporting period DeloPorts terminals handled 6.0 million tonnes of cargo, which represents a 10% increase compared to 2015 mainly due to growth of volumes in its core operating segments.


Cargo throughput (‘000 tonnes)

Cargo type

1Q 16

2Q 16

3Q 16

4Q 16

2016

2015

2016/

2015

Containers

622

708

520

588

   2,438

   1,994

 22%

Grain

829

371

1,077

1,044

3,322

2,811

18%

General cargo

51

45

12

81

189

260

(27%)

Ro-Ro

26

7

27

19

79

407

(80%)

Total cargo throughput

1,528

1,132

1,636

1,732

6,028

5,472

10%

including:

Containers (‘000 TEU)

58

71

46

58

233

203

15%

Ro-Ro (‘000 units)

3

2

4

3

12

24

(50%)

Bunkering fuel sales

9

4

2

16

31

98

(69%)

In 2016 NUTEP handled 233,479 TEU (+15% compared to the previous year) caused by partial container market recovery. The increase in container turnover of Novorossiysk is estimated at 5%*. Containerized cargo tonnage reached 2.4 million tonnes, or a 22% growth, driven by the increase in the share of loaded containers. Throughout the year the terminal showed record April results and handled 25,521 TEU.

KSK grain terminal demonstrated a 18% increase of volumes in 2016 compared to 2015 resulting from the Russian grain export increase. In the reporting period KSK loaded 3.3 million tonnes with the absolute monthly record of 422,506 tonnes set in October.

General cargo volumes in 2016 decreased by 27% compared to the previous year and amounted to 189,009 tonnes.

Ro-Ro operations of DeloPorts saw lower throughput volumes in 2016 and reached 79,397 tonnes in the period due to decrease in rolling cargo imports and cancellation of cabotage services in 2015. In unit equivalent Ro-Ro volumes decreased by 50% in 2016 compared to 2015 and amounted to 11,989 units.

Bunkering fuel sales showed a 69% decline compared to the previous year and reached 30,775 tonnes.

* Company’s data
Раскрыть

01.12.2016

DELOPORTS COMPANIES SIGNED AGREEMENTS WITH ROSMORPORT



NUTEP container terminal and KSK grain terminal, stevedore assets of DeloPorts, signed cooperation agreements with Rosmorport at the 10th Transport Forum in Moscow.

Signed agreements regulate the cooperation between the parties and Rosmorport on the implementation of DeloPorts investment projects - construction of a deep-water berth №38 at NUTEP and a project to increase throughput capacity of KSK grain terminal.

NUTEP.jpg


Раскрыть

14.11.2016

TOS AND DAMEN SIGN THE AGREEMENT FOR THE DELIVERY OF FOUR TUGS



TOS Bunkering Company and the largest Dutch shipbuilder Damen have signed an agreement on the construction and delivery of four tug boats.

According to the agreement, three ships will be delivered to Novorossiysk in the 3rd quarter of 2017 with the fourth one to be delivered in 2018.

Commenting on the signed document, TOS CEO Oleg Nechaev stated:

"We are extremely happy about the signing of the contract. TOS is launching a new profitable business – together with bunkering services, TOS is becoming a center for all auxiliary services at DeloPorts terminals. The new service is expected to be able to serve all vessels calling at DeloPorts' terminals.

Damen Shipyards Group is the largest shipbuilding group which includes shipbuilding and repair yards all over the world.
Раскрыть

10.11.2016

DELOPORTS AWARDED FOR THE BEST ANNUAL REPORT BY THE MOSCOW STOCK EXCHANGE



According to the results of XIX annual competition organized by the Moscow Stock Exchange and RCB media group, DeloPorts Annual Report 2015 has been announced the winner in the nomination "Best Presentation of Business Model in the Annual Report of a Non-Public Company".

DeloPorts Annual Report also entered the short-list for "Best Design and Concept of the Annual Report."

This year 139 companies participated in the competition. Annual reports of participants were assessed by the leading financial industry experts, representatives of investment, rating and communications agencies, members of professional associations and public organizations.

This contest is the main platform for presentation of annual reports, and promotes transparency of companies operating in Russia and corporate culture development.

DeloPorts 2014 Annual Report was also included in the top ten reports of the nomination "Best Design and Concept of the Annual Report" competition of the Moscow Stock Exchange and was awarded with the Bronze award in the "Transportation" category in the competition held by the League of American Communications Professionals (LACP Vision Awards).

DeloPorts Annual Reports are published on the corporate website in the section “Investors”.
Раскрыть

08.11.2016

STANDARD & POOR’S UPGRADES DELOPORTS TO BB-



DeloPorts announces that Standard & Poor’s rating agency (S&P) upgraded DeloPorts’ long-term credit rating from B+ to BB- with a “stable” outlook. 

Commenting on the upgrade, Igor Yakovenko, DeloPorts CEO, stated:

"We are pleased to receive a positive and independent assessment of our achievements. We believe that the rating upgrade reflects the results of our team on development of the stevedoring business of Delo Group. We delivered on our forecasts that were made during initial rating assessment, we demonstrated resilience of our operating model to market volatility of the past several years, our new development programme is aimed at creating and securing competitive advantages for DeloPorts for years to come."

Full report is available on the S&P’s website at www.standardandpoors.com
Раскрыть

07.11.2016

RECORD MONTHLY GRAIN THROUGHPUT



In October 2016, KSK grain terminal handled more than 420 thousand tonnes which sets a monthly record for the terminal.

Раскрыть

14.10.2016

DELOPORTS OPERATING RESULTS FOR 9 MONTHS 2016



OOO “DeloPorts” (hereinafter DeloPorts), a major Russian stevedoring holding company, consolidating the assets of Delo Group in the grain and container segments, publishes its operating results for the nine months of 2016.

In January-September 2016 DeloPorts terminals handled 4.3 million tonnes of cargo, which represents a 12% increase compared to the same period of 2015 mainly due to higher volumes of grain exports and growth of container traffic.

Cargo throughput (‘000 tonnes)

Cargo type

1Q 16

2Q 16

3Q 16

 

9М 16

9М 15

9М 16/

9М 15

Containers

 622

 708

520

 1,850

 1,479

 25%

Grain

 829

 371

1,077

 2,277

 1,830

 24%

General cargo

 51

 45

12

 108

 167

 (35%)

Ro-Ro

26

 8

27

 61

 366

 (83%)

Total cargo throughput

 1,528

 1,132

 1,636

 4,296

 3,843

 12%

including:

 

 

 

 

 

 

Containers (‘000 TEU)

 58

 71

46

 175

 154

 14%

 Ro-Ro (‘000 units)

 3

 1

4

 9

 20

 (58%)

 

 

 

 

 

 

 

 Bunkering fuel sales

 9

 4

2

 15

 81

 (82%)


In 9M16 NUTEP handled 1,849,783 tonnes of containerized cargo (+25% vs. 9M15). In TEU equivalent container throughput increased by 14% compared to the previous year and reached 175,114 TEU. The growth of NUTEP handling volumes reflects partial container market recovery.

In January-September 2016 KSK grain terminal loaded 2,277,467 tonnes of grain, a 24% increase of volumes compared to 2015, due to grain export increase.

General cargo volumes decreased by 35% compared to the previous year resulting from the imports reduction.

Ro-Ro operations of DeloPorts terminals saw lower throughput volumes in 9M16 (-83% vs.9M15) and reached 60,544 tonnes in the period. In unit equivalent Ro-Ro volumes decreased by 58% in 9M16 versus 9M15 and amounted to 8,525 units.

Bunkering fuel sales showed a 82% decline compared to 9M15 and reached 14,825 tonnes.
Раскрыть

13.09.2016

PROGRESS ON CONSTRUCTION OF DEEPWATER BERTH #38



DeloPorts has completed construction of the connecting area for a deepwater berth on the territory of NUTEP container terminal. Currently development of the new area is in process. It will allow NUTEP to serve vessels up to 172 meters, starting from September 2016. Launch of the berth protection #38 should increase the speed of handling operations and reduce the burden on the current berths.

Construction of a deepwater berth in Novorossiysk is one of the top priority projects aimed at the development of the Group's stevedoring assets.
Раскрыть

30.08.2016

DELOPORTS IFRS FINANCIALS FOR 1H 2016



Key financials:
• Consolidated revenue RUB 3,696 mln (+9%)
• Consolidated EBITDA RUB 2,776 mln (+40%)
• EBITDA margin 75% as against 58% in 1H 2015
• Adjusted net profit RUB 1,889 mln (+47%)
• Operating cash flow RUB 2,261 mln (+37%)
• CAPEX RUB 359 mln (+127%)
• Net debt stayed flat as RUB 4,673 mln 
• Net debt/EBITDA 0.8x versus 1.1x as of 30 June 2015 and 1.0x as of 31 December 2015

Key operating results:
• Total volume of cargo handling 2.7 mln tonnes (+10%)
• Grain handling volume 1.2 mln tonnes (+41%)
• Container throughput 129 ‘000 TEU (+8%)

Key developments:
• Completion of the first stage of the berth construction and launch of the second stage of the construction
• Corporate credit rating affirmation at B+ with a stable outlook (Standard &Poor’s)
• Establishment of the managing company as the final stage of the Group’s reorganisation 

Commenting on the results, Igor Yakovenko, DeloPorts CEO, stated: 

“DeloPorts team continues to deliver strong turnover, revenue and EBITDA growth driven by the growth of container traffic, higher volumes of grain exports and implementation of initiatives aimed at improving internal processes at the terminals in the first half of 2016. Solid operating and financial results are reflective of DeloPorts commitment to delivering on key strategic priorities with the customers in focus.”

A full version of the Company's audited consolidated financial statements prepared in accordance with IFRS as of 30 June 2016, covering a six-month period ending on that date, is available on the website of DeloPorts.

Раскрыть

15.07.2016

DELOPORTS 1H 2016 OPERATING RESULTS



OOO “DeloPorts” (hereinafter DeloPorts), a major Russian stevedoring holding company, consolidating the assets of Delo Group in the grain and container segments, publishes its operating results for the six months of 2016.

In 1H 2016 DeloPorts terminals handled 2.7 million tonnes of cargo, which represents a 10% increase compared to 1H 2015 caused mainly by growth of container traffic and higher volumes of grain exports.

 Cargo throughput (‘000 tonnes)

Cargo type

1Q16

2Q16

 

1H 2016

1H 2015

1H 2016/ 

1H 2015 

change

Containers

622

708

 

1,330

1,110

20%

Grain

829

371

 

1,200

852

41%

General cargo

51

45

 

96

121

(20%)

Ro-Ro

26

8

 

34

326

(90%)

Total cargo throughput

1,528

1,132

 

2,660

2,409

10%

including:

 

 

 

 

 

Containers (‘000 TEU)

58

71


129

119

8%

Ro-Ro (‘000 units)

3

1

 

4

17

(76%)

Bunkering fuel sales

9

4

 

13

53

(75%)


In 1H 2016 NUTEP container terminal demonstrated growth of volumes due to partial container market recovery. In tonnage terms containerized cargo throughput increased by 20% compared to the same period of 2015 and amounted to 1,330,037 tonnes. In twenty-foot equivalent NUTEP handled 128,848 TEU (+8% compared to 1H 2015). In April the terminal showed record results and handled 25,521 TEU.

The volume of grain transhipped through KSK grain terminal reached 1,200,034 tonnes (+41% compared to the same period of 2015) due to grain exports increase. According to the results of the harvest season 2015-2016 transhipment of grain at KSK increased by 20% compared to the season 2014-2015 and amounted to 3.2 million tonnes.

General cargo handling volumes in 1H 2016 decreased by 20% compared to January-June 2015 due to the growth in container traffic.

Ro-Ro volumes decreased in terms of tonnage (-90%) and units (-76%) versus 1H 2015 and amounted to 33,889 tonnes and 4,104 units respectively.

In 1H 2016 bunkering fuel sales decreased by 75% compared to the previous year and reached 13,235 tonnes.
Раскрыть

14.06.2016

MASS PRODUCTION TECHNOLOGIES

Market situation

It was 8.5% growth in the amount of cargo handled at the ports of Russia over 2015, and 4.6% growth for the first quarter of 2016. Russia’s active investment since the early 2000s in crude oil facilities, which resulted in their stable expansion, has already had tangible geopolitical results, such as cargo traffic being diverted from the ports of the Baltics. Further development of the ports requires developed infrastructure to handle other types of cargo, export of which is growing, including grain and bulk cargo.



Sea growth

The Russian port industry, unlike the tendencies in the economy, keeps on building up cargo handling capabilities. It doesn’t quite correlate with the incomes of the port workers, but the quantities are growing. In 2015, the amount of cargo handled in the Russian ports grew by 8.5 %, from 623.4 mln to 676.7 mln tonnes; however, this number has been steadily growing since the late 1990s. Average growth for the last 15 years was 9.6%, two-digit growth rates in 2000-2005 and their sharp decline since 2006. The least growth in the amount of cargo handled was in the year of crisis 2008 (by 0.8%); nevertheless, the dynamics was positive.

Currently, there are 67 sea ports with port complexes in the Russian Federation. Three quarters of the amount of the Russian export cargo are transported to the ports via railroad. The capability of the port infrastructure is constantly growing. In 2015, “the entire sea port infrastructure grew by 19.5 mln tonnes”, says Vladimir Putin at a press-conference in December, positively evaluating the growth in the quantity of cargo handled in the ports.

In 2015, the large basins such as Azov-Black Sea, Baltic and Far East demonstrated the highest growth both in percentage and real numbers. The Azov-Black Sea basin became the absolute leader in the growth in the amount of cargo handled, which went up by 38.4% as compared with the last year’s result. And for the first time, it has become the leader in the amount of cargo handed, taking over the Baltic basin in aggregate tonnage (232.9 mln tonnes versus 230.7 mln tonnes).

The first quarter demonstrates different dynamics. While the common growth in cargo handling throughout Russia is 4.6% (to 167.3 mln tonnes), the Arctic basin demonstrated the highest growth in percentage (+18.3% to 10 mln tonnes), growth in real numbers - the Far East basin (4.22 mln tonnes or 9.3%). Crude oil accounts for the noticeable growth in the quantities in the Arctic basin (41.2%) with the ports of Murmansk and Varandey being the leaders, who increased their cargo handling quantities by 24,7% and 21,6% respectively. Among all the ports of the Far East, only the Port of Prigorodnoye demonstrated an insignificant negative dynamics. The others grew, while some of them like Vanino, Nakhodka, de-Kastri and Posiet demonstrated a two-digit growth (Posiet +40.9%).

The Azov-Black Sea basin: the grain future

Today the Azov-Black Sea basin accounts for 34% of the total cargo amount handled at the ports of Russia (232.9 mln tonnes), 58% of which is bulk (liquid) cargos. However, the analysis of the market situation and the tendencies in the export-oriented Russian industries indicate that in the mid-term run the handling of bulk cargo, grain and general cargo will grow. It’s expected that by 2020 384 mln tonnes will be handled at the Azov and Black sea ports as compared with today’s 320 mln tonnes whereat the ports are expected to be incapable to handled 21 mln tonnes more of coal, 19.5 mln tonnes more of mineral fertilizers, 9.1 mln tonnes more of grain, 9 mln tonnes more of general cargo, 3 mln tonnes more of soy and rape and 2.4 mln tonnes more of ore.

The grain export is a significant impetus for developing the regional port capabilities. Overall, throughout Russia, in the four months of 2016 the grain shipment grew by 40% to 7.2 mln tonnes, and there is a noticeable growth in the shipment at the Black Sea. Thus, in the four months NCSP shipped 2.2 mln tonnes of grain (+29.6%), the grain terminal Taman doubled the shipment to 735.5 thousand tonnes, DeloPorts in the first half-year shipped 79% more grain than the year before (829 thousand tonnes). The forecast of the grain industry indicates that by the end of the agricultural year of 2016 Russia will reach the number of 224.5 mln tonnes (export of wheat with flour when converted into grain will amount to 24.7 mln tonnes), beating the USA for the first time and taking the lead in export among single countries. Moreover, as grain from Russia is expected to be sent to the Black sea ports so is grain from Kazakhstan, which has the only way out through the “closed” Caspian Sea (for more detail see an interview with Sergei Gubineetz).

Despite the fact that among the Black Sea ports the Crimean ports have become available, the government deems the latter of little significant use. Nevertheless, the Crimea contributed significantly to the growth in the amount of cargo being handled in the basin: large Crimean construction projects accounted for the growing numbers of the amount of cargo handled by some Russian ports, first of all, the Port of Kavkaz, which handled in 2015 three times the amount of 2014 (30.5 mln tonnes vs. 10.2 mln).

As the Black and Azov sea port development programme reads, by 2020 the capabilities of the terminals to handle dry cargo are to grow by 61% to 169 mln tonnes a year. And it is within the scope of the updated sea port development programme to create in the region by 2020 a dry cargo zone at the Port of Taman with capabilities during the first stage of operation of 37.8 mln tonnes of coal, mineral fertilizers, general cargo, grain and rice, and during the second stage, with the freight traffic confirmed, they can reach 95 mln tonnes. In February 2018, OTEKO Group is planning to make the first shipment of bulk cargo from Taman terminal, the overall amount being 35 mln tonnes a year. At the end of this and the beginning of the next year, OTEKO Group will commence construction of a grain terminal for 14.5 mln tonnes.

Also, part of the NCSP terminals will be redesigned to boost their capabilities to 24.5 mln tonnes a year to handle more mineral fertilizers, grain, bulk cargo and containers, a berth with 350 thousand TEU capacity to handled containerized cargo and a 1.5 mln tonnes grain terminal at Delo Group will be built. There is a plan to build in Taman a 5 mln tonne capacity ammonium terminal for Togliattiazot.

The Far East basin: the export hub and potential transitter

The Far East constantly strengthens its positions in the Russian port industry. It’s dry and fluid cargos that were driving the growth of the regional ports in 2015, the amount handled of which grew by 6.1% and 10.1% respectively.

At the same time, the port industry development strategy of the Far East is dependent on coal export expansion. In the Far East basin in the Port of Vanino, the projects to develop the coal terminal Daltransugl to build up the capacity to 24 mln tonnes a year, which will require reconstructing the railroad, and construction of Sahatrans coal terminal (24 mln tonnes) will be a priority, Andrei Lavrishev, head of Rosmorport said. Also, there are plans to build both the third stage of the coal terminal to increase the capacity from 22 mln to 39 mln tonnes and Sever coal terminal of UPTC (Universal Production Transshipment Complex) (20 mln tonnes) in the Port of Vostochny. The capacities of the Port of Sakhalin will be increased, particularly the coal terminal in the Port of Shakhtersk coupled with the development of Solntzevskoye deposit will be reconstructed. Its capacity will be increased from 3.5 mln to 12 mln tonnes. Reconstruction of the ferry crossing Vanino-Kholmsk along with construction of a passenger terminal in Korsakov is planned. A terminal to receive cruise liners and handle containers (600 thousand tonnes TEU) will be built on the cape of Signalny in the Port of Petropavlovsk-Kamchatsky.

However, it’s not just the development of direct export that caused the “turn-around towards the East”. The Ministry of Russia for the Development of the Far East actively promotes the idea for the Far East to be a transitter, focussing on increasing the amount of cargo put through the Russian ports by intercepting part of the cargo traffic between north-east of China and its southern and central parts as well as between other countries. For this, there are plans to develop international transport corridors (ITC) Promorie-1 (Suifenhe – Nakhodka) and Primorie-2 (Hunchun—Zarubino). As per McKinsey evaluation and given the successful implementation of the projects, the cargo traffic through the ports of Primorye will grow by 3% annually and will have increased to 45 mln tonnes by 2030 (22 mln tonnes in containers and 23 mln tonnes in grain). The Chinese consignors will be able to save about $700 mln a year on this and Russia will have a 29 billion rouble increment to the GDP. According to Alexander Isurin, President of FESCO, the potential economy when using these corridors equals $10 per tonne. However, the relative attractiveness of the Chinese tariff conditions and the underdevelopment of ITC infrastructure are the stumbling blocks for the successful project implementation. In particular, Leonid Bershansky, head of Rosgranstroy Federal Government Institution (Rosgranstroy FGI) accentuated the necessity for building and reconstructing the railroad border crossings under concessional conditions citing Makhalino border crossing, which had no modern infrastructure to handle cargo traffic, as an example. Railroads and automobile access roads to the ports are underdeveloped. According to McKinsey, it will cost about 315 billion roubles (145 billion roubles for Promorie-1 and 170 billion roubles for Primorie-2) to develop all the infrastructure of ITC; as per updated figures from the federal authorities, which are to be the basis for the time schedule for these projects’ implementation, the overall costs are nearing 430 billion roubles. Although, Summa Group’s estimate for them is somewhat lower. It plans to build a terminal complex in Zarubino. The first stage of which, when completed, will allow to handle 10 mln tonnes of grain and 700 thousands TEU of containers, the second stage - 23 mln tonnes and 1.8 mln TEU respectively. As per Summa’s estimate, out of 204 billion roubles needed for Primorie-2 85 billion roubles will be invested by the government and the rest will come out of private investors’ pockets. Part of the government investment can be shared among potential Chinese concessioners. Summa has already signed with the Chinese railroads a Letter of Intent to build access railroads to the Port of Zarubino.

The Baltic: pour but know where to stop

The Baltic basin is the pillar for the Russian export of crude oil and petroleum products. The proportion of crude oil here is the highest in the total amount of shipments: in 2015 the oil shipments made up 62% of the total cargo handled, the first quarter of 2016 - 64.3%. Such proportion is stipulated by the necessity to replace the ports of the adjoining Baltic republics, which during the Soviet times took the lead over the ports of the Russian republic as they were newer and with better infrastructure quality. As the first stage of BPS -1 (Baltic Piping System) with its terminal at the Port of Primorsk was commissioned in 2001, Russia gradually started to redirect the bulk (fluid) cargos from the ports of foreign Baltic countries to its own. BPS – 2 with its terminal at Ust-Luga in 2002 clinched the deal. The share of transportation and storage services in the Baltics’ GDP is quite high and the loss of the Russian transit is rather painful.

Overall, the Baltic ended 2015 with the growth rates not high (+3.2%) and for the first time lost the lead in the amount handled to the Azov-Black Sea basin. The crisis in the container industry and lower volumes of ro-ro cargos accounted for the decreased growth rates. In the first quarter the Russian Baltic ports put through 0.6% more cargo than the previous year, while the Russian ports in general gained 4.6% growth. Primorsk demonstrated the highest growth (+5,6%) among the Russian Baltic; Ust-Luga was just behind (+4,1%); the other ports demonstrated a decrease with the Port of Petersburg being the lowest (8,2%). Thus, despite the drop in the crude oil price, the oil ports demonstrated the most positive dynamics, indicating there was a growth in demand.

The neighbours are not doing so great either: they, as the Russian ports, have been influenced by the crisis in the container market and the predicaments in relationships of the Russian consignors with the foreign counterparts. While in 2014 the amount of cargo put through the Port of Riga grew by 15.8% to 41.8 mln tonnes, but then in 2015 decreased by 2.5% and, in the first quarter of this year when compared with the same period of the last year, dropped by 13.8% to 9.1 mln tonnes. In 2015, crude oil shipments were higher (3.3%) while the amount of coal handled decreased (-2.7%), so did the amount of containers transshipped (-8.3%). The amount of cargo handled in the Port of Ventspils since 2013 drops: the sanctions dealt it the biggest damage in 2014, due to which the port lost a significant portion of Russian coal transit and ended the year with a 9% loss in the amount of cargo handled. In 2015, the transshipment dropped by another 14% to 22.5 mln tonnes. And the Port of Tallinn in 2015 showed a significant sag in the amount of bulk (fluid) cargos handled (-32.2%) and lost by 19.8% in the number of containers put through. All in all, the port’s throughput amounts lowered by 20.8%. However, there are Baltic ports which are doing not bad. For instance, the amounts of cargo put through the Port of Klaipeda are growing. In percentage, in the first quarter, the growth was higher than all the ports of the eastern Baltic coast, exceeding the results of the last year by 9.1% (to 13.3 mln tonnes). In 2015, the Port of Klaipeda, allowing for Būtingė crude oil terminal, handled 38.5 mln tonnes (+5.8% vs. 2014), whereat the share of crude oil, as in the first quarter of 2016, was the highest and amounted to 28.2%.

Russia continues intercepting the cargo traffic from the neighbours. Yet in 2008, Sergei Ivanov, Vice-Premier, stated that by 2015 Russia would completely stop exporting not only petroleum products but coal via the ports of the Baltics and promised to have created sufficient amount of own throughput capabilities. And the president in his last year’s address to the Federal Assembly emphasized the necessity to develop logistic centres including “modern ports in the Baltic”.

However, it’s not the crude oil that is the basis for developing the Russian Baltic ports. The updated sea port development strategy for the period of up to 2030 provides for the completion of construction of Bronka Maritime Transshipment Complex (MTC) of 1.9 mln TEU (the first stage - 1.45 mln TEU) and 260 thousand units of ro-ro cargo, construction of Eurochem Ust-Luga terminal in the Port of Ust-Luga (7 mln tonnes) and a Baltic fertilizer terminal (5.2 mln tonnes), the expansion of throughput capability of the container terminal in Baltiysk from 150 thousands to 300 thousands TEU and construction of a passenger terminal in the Port of Pionersky in the Kaliningrad region (250 thousand people and 3 million tonnes of ferry cargo a year).


Natalia Semashko

Раскрыть

01.06.2016

INCLUSION OF BONDS IN BANK OF RUSSIA LOMBARD LIST



DeloPorts Ruble bonds were included in Bank of Russia Lombard list according to the decision of Central Bank Board of Directors on 26 May 2016.

The inclusion of bonds in the Lombard list allows bond holders to REPO them with the Central Bank of Russia.

DeloPorts completed its debut 3 billion Ruble bond placement in November 2015. The bonds mature in 10 years with a call after year 3. The annual coupon rate was set at 13.80%.
Раскрыть

15.04.2016

DELOPORTS 1Q 2016 OPERATING RESULTS



OOO “DeloPorts” (hereinafter DeloPorts), a major Russian stevedoring holding company, consolidating the assets of Delo Group in the grain and container segments, reports its operating results for the first quarter of 2016.

In 1Q16 DeloPorts’ terminals increased total throughput to 1.5 million tonnes of cargo (+19% compared to 1Q15). The growth of volumes is primarily driven by higher volumes of grain exports and containerized exports growth.

Cargo throughput (‘000 tonnes)

Cargo type

1Q16

1Q15

1Q16/1Q15 change

Containers

622

590

5%

Grain

829

479

73%

General cargo

51

41

23%

Ro-Ro

26

172

(85%)

Total cargo throughput

1,528

1,282

19%

including:

 

 

Containers (‘000 TEU)

58

67

(13%)

Ro-Ro (‘000 units)

3

10

(73%)

Bunkering fuel sales

9

22

(58%)


In 1Q16 NUTEP container terminal handled 622,250 tonnes of containerized cargo (+5% compared to 1Q15). In twenty-foot equivalent units NUTEP container throughput reached 58,360 TEU, a 13% decline compared to January-March 2015 mainly due to the high base effect since the decrease in NUTEP volumes started only in March 2015. The growth of handling volumes in terms of tonnage reflects the growth in loaded exports.
 

In January – March 2016 KSK grain terminal demonstrated 73% growth of volumes handled compared to the same period of 2015. This was due to the low base effect of 2015 on the back of a slowdown of exports after the introduction of export duty.

General cargo handling in 1Q16 increased by 23% compared to 1Q15 and reached 50,781 tonnes.

Ro-Ro volumes decreased in terms of tonnage (-85%) and units (-73%) versus 1Q16 as a result of general decline of imports.

In 1Q16 bunkering fuel sales decreased by 58% compared to 1Q15 and reached 9,283 tonnes.






Раскрыть

11.04.2016

DELOPORTS IFRS FINANCIALS FOR 2015



Key financials:
• Consolidated revenue RUB 7,771 mln (+3%)
• Consolidated EBITDA RUB 4,882 mln (+27%)
• EBITDA margin 63% as against 51% in 2014
• Adjusted net profit RUB 3,290 mln (+36%)
• Operating cash flow RUB 4,453 mln (+33%)
• CAPEX RUB 562 mln (+51%)
• Net debt RUB 4,659 mln (-27% compared to 31 December 2014)
• Net debt/EBITDA 1.0x versus 1.7x as of 31 December 2014

Key operating results:
• Total volume of cargo handling 5.5 mln tonnes (-15%)
• Grain handling volume 2.8 mln tonnes (-1%)
• Container throughput 203 ‘000 TEU (-23%)

Key developments:
• Transfer of stevedoring assets and the bunkering company to the Russian holding company OOO “DeloPorts”
• Assignment of corporate credit ratings to DeloPorts: BB- (Fitch) and B+ (S&P)
• Debut ruble bond offering
• Launch of deep-water berth construction at NUTEP container terminal
• Creation of joint technical directorate for more efficient management of investment projects

Igor Yakovenko, DeloPorts CEO, stated: "Results for 2015 have proved the efficiency of DeloPorts' business model and the Company's resilience to market volatility. Focus on high-margin cargoes, a balance of imports and exports in our turnover and the aim to meet the standards of our most demanding clients enabled us to increase revenue and EBITDA (+3% and +27% respectively), boosting the EBITDA margin to 63% by year end. We successfully approached the domestic market in order to diversify our sources of funding through a debut bond offering in November 2015. We also launched the new stage of our investment programme. Its completion is set to double DeloPorts’ throughput and give the Group additional competitive advantages".

A full version of the Company's audited consolidated financial statements prepared in accordance with IFRS as of 31 December 2015, covering a twelve-month period ending on that date, is available on the website of DeloPorts
Раскрыть

04.02.2016

STANDARD & POOR’S AFFIRMS DELOPORTS AT B+



 

DeloPorts announces that Standard & Poor’s rating agency (S&P) confirmed DeloPorts B+ long-term credit rating with a “stable” outlook.

Full report is available on the S&P’s website at www.standardandpoors.com


Раскрыть

19.01.2016

DELOPORTS 2015 OPERATING RESULTS



DeloPorts reports its operating results for the full year of 2015.

In 2015 DeloPorts terminals handled 5.5 million tonnes of cargo, which is a 15% decrease compared to 2014 caused by a decrease of import cargo flow. 

190116_DP FY15 operating results.jpg

NUTEP container terminal handled 1,994 thousand tonnes of containerized cargo showing a decrease    (-18% vs. 2014) on the back of a general decline of imports. In twenty-foot equivalent units (TEU) throughput amounted to 203 thousand TEU, or a 23% decline compared to 2014. 

KSK throughput remained flat for 2015 and amounted to 2,811 thousand tonnes (-1% vs. 2014).

General cargo handling decreased by 4% compared to 2014 and amounted to 260 thousand tonnes.

Ro-Ro volumes at DeloPorts terminals decreased in terms of tonnage (-55%) and units (-59%) versus last year amounting to 407 thousand tonnes and 24 thousand cars respectively due to lower imports in 2015.

Bunkering fuel sales decreased by 33% compared to 2014 and reached 98 thousand tonnes.

Раскрыть

09.12.2015

FITCH ASSIGNS DELOPORTS RUBLE BOND BB- RATING



Fitch Ratings has assigned DeloPorts Rouble bond BB- final rating with a ‘stable’ outlook.

On 27 November 2015 DeloPorts placed its debut 3 billion Ruble bond with the annual coupon rate set at 13.80% and a yield of 14.28%.

On 11 November 2015 Fitch affirmed DeloPorts Issuer Default Rating (IDR) at BB- with a ‘stable’ outlook.

Раскрыть

30.11.2015

DELOPORTS COMPLETES DEBUT RUBLE BOND PLACEMENT



DeloPorts completes its debut 3 billion Ruble bond placement. The bonds mature in 10 years with a call after year 3. The annual coupon rate was set at 13.80% and a yield of 14.28%. 

Series 01 notes were registered by the Central Bank on 20 October 2015, registration number № 4-01-36485-R. 

Raiffeisenbank and Sovcombank acted as bookrunners of the placement. Raiffeisenbank acted as the placement agent. 

"The debut offering opened the capital markets for DeloPorts, which diversifies sources of funding ahead of the new stage of the investment program. The Ruble bond placement is also an important step in building a public investment story, - says Andrey Bubnov, Chief Financial Officer of Delo Group. DeloPorts is a new name for the market and we are happy that investors appreciated it." 

“The new stage of DeloPorts investment program is planned to be completed in 2018. The program includes an increase in throughput capacities of KSK grain terminal to 5 million tonnes and construction of a new deepwater berth at NUTEP container terminal. The projects may double the Сompany’s throughput due to ability to handle larger ships, which will make NUTEP and KSK leaders in their respective market segments”, - adds Igor Yakovenko, CEO of DeloPorts.
Раскрыть

30.11.2015

NEW APPOINTMENT IN THE KEY EXECUTIVE MANAGEMENT



DeloPorts announces the appointment of Yury Matvienko to the position of the Chief Executive Officer of NUTEP container terminal.

Mr. Matvienko has extensive experience in the transportation industry. He started his career as the sea captain assistant and rose to the executive positions in the water transport and stevedoring companies (JSC Tuapse Commercial Sea Port, JSC Novorossiysk Commercial Sea Port, LLC BalttransService, LLC "Primorsk Commercial Port, JSC Sea Port Service).

Yuri Matvienko graduated from the Novorossiysk Higher Marine Engineering College with a degree in navigation on sea routes and has an MBA from the Business School IMISP (St. Petersburg).

"I am sure the experience and professionalism of Mr. Matvienko will contribute to the further development of our holding and strengthen the competitive positions of the container terminal", - commented Igor Yakovenko, Chief Executive Officer of DeloPorts.

"I would like to commend Mr Klochko’s achievements on the greenfield construction of the terminal and its effective management. Clear targets, discipline and professionalism of Mr. Klochko and the team helped to make NUTEP an industry leader,"- commented Sergey Shishkarev, President of Delo Group.
Раскрыть

09.10.2015

DELOPORTS OPERATING RESULTS FOR 9 MONTHS 2015

In the reporting period DeloPorts terminals handled 3.8 million tonnes of cargo, which is a 19% decrease compared to 9M14 due to lower imports and slow start of the new grain exports season.


Cargo throughput
(‘000 tonnes)


Cargo type



1Q15


2Q15


3Q15



9М15



9M14



9М15/9М14

change

Containers

590

520

369

1,479

1,870

(21%)

Grain

479

373

978

1,830

2,074

(12%)

General cargo

41

80

46

167

198

(16%)

Ro-Ro

172

154

40

366

618

(41%)

Total cargo throughput

1,282

1,127

1,434

3,843

4,762

(19%)

including:

Containers (‘000 TEU)

67

52

34

154

200

(23%)

Ro-Ro (‘000 units)

10

7

3

20

42

(52%)

Bunkering fuel sales

22

31

28

81

127

(36%)


In 9M15 NUTEP handled 1,479,544 tonnes of containerized cargo (-21% vs.9M14). In TEU equivalent container throughput decreased by 23% compared to the previous year and reached 153,626 TEU. The decline in container volumes was primarily caused by the general trends in the Russian container market.

In January-September 2015 KSK grain terminal loaded 1,829,931 tonnes of grain, or a 12% decline compared to 2014.
General cargo volumes decreased by 16% compared to the previous year resulting from the imports reduction.

Ro-Ro operations of DeloPorts terminals saw lower throughput volumes in 9M15 (-41% vs.9M14) and reached 366,133 tonnes in the period. In unit equivalent Ro-Ro volumes decreased by 52% in 9M15 versus 9M14 and amounted to 20,410 units.

Bunkering fuel sales showed a 36% decline to 9M14 and reached 80,896 tonnes.
Раскрыть

06.10.2015

CONSTRUCTION OF A NEW DEEPWATER BERTH


DeloPorts launches construction of a new deepwater berth at NUTEP container terminal


Necessary construction equipment is already on site, first piles for the foundation of the junction have been driven into the seabed. Completion of the works and introduction of berth #38 is scheduled for 2018. The new berth is expected to serve direct Novorossiysk calls for ocean vessels of up to 10,000 TEU. Introduction of the new berth will increase NUTEP’s throughput capacity from the current 350,000 TEU to 700,000 TEU and will help change existing supply chains in the region with reduction of costs for clients of the terminal.

The project is an integral part of the DeloPorts strategy for development of the stevedoring assets of the Group. 

Раскрыть

13.07.2015

CHANGES IN CORPORATE STRUCTURE OF DELOPORTS

DeloPorts Limited transferred all interests in its subsidiaries into the capital of OOO DeloPorts (Russia).


The ownership and management structure of OOO DeloPorts will stay the same in all material respects to that of DeloPorts Limited. OOO DeloPorts owns a container terminal, a grain terminal and a bunkering services company.
Раскрыть

09.07.2015

DELOPORTS 1H 2015 OPERATING RESULTS


In 1H15 DeloPorts terminals handled 2.4 million tonnes of cargo, which is a 17% decrease compared to 1H14      caused mainly by lower grain exports and container handling volumes.

Cargo throughput
(‘000 tonnes)

Сargo type

1Q15
 

2Q15
 

 

1H15
 

1H14
 

1H15/1H14
change

Containers

590

520

 

1,110

1,395

(20%)

Grain

479

373

 

852

1,063

(20%)

General and liquid cargo

41

80

 

121

159

(24%)

Ro-Ro

172

154

 

326

282

16%

Total cargo throughput

1,282

1,127

 

2,409

2,899

(17%)

including:

 

 

 

 

 

 

Containers (‘000 TEU)

67

52

 

119

144

(17%)

Ro-Ro (‘000 units)

10

7

 

17

23

(26%)

 

 

 

 

 

 

 

Bunkering fuel sales

22

31

 

53

72

(26%)


In January – June 2015 NUTEP container terminal saw lower container handling volumes of 119,413 TEU (-17% vs. 1H14) due to continued trends in the domestic demand for imported goods. Containerized cargo tonnage reached 1,110,308 tonnes, or a 20% decline compared to 1H14.

KSK grain terminal loaded 851,637 tonnes in 1H15 showing a 20% decrease compared to 2014. The decline in volumes was primarily due to record volumes transshipped in the 1st half of the previous harvest season.

General and liquid cargo throughput decreased by 24% compared to the previous year resulting from a decrease in imports.

Ro-Ro volumes demonstrated a 16% growth in terms of tonnage compared to 2014 due to growth in cabotage services. In unit equivalent Ro-Ro operations decreased by 26% in 1H15 versus 1H14 and reached 17,310 units.

In 1H15 bunkering fuel sales decreased by 26% compared to 1H15 and reached 52,822 tonnes.
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29.04.2015

DELOPORTS 2014 ANNUAL REPORT

DeloPorts publishes its Annual Report for the year ended 31 December 2014 


2014 Annual Report is available for reading and downloading in the “Annual reports” section of the web-site.
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08.04.2015

DELOPORTS 1Q 2015 OPERATING RESULTS

In 1Q15 DeloPorts terminals handled 1.3 million tonnes of cargo, which is a 12% decrease compared to 1Q14. The decline in volumes is primarily driven by lower exports of grain.



Cargo throughput

(‘000 tonnes)

Cargo type

1Q15

1Q14

1Q15/1Q14 change

Containers

591

676

(13%)

Grain

479

661

(28%)

General and liquid cargo

41

75

(45%)

Ro-Ro

172

47

263%

Total cargo throughput

1,283

1,460

(12%)

including:

Containers (‘000 TEU)

67

70

(4%)

Ro-Ro (‘000 units)

10

7

43%

Bunkering fuel sales

22

30

(27%)


In 1Q15 NUTEP container terminal handled 67,148 TEU of containerized cargo showing a 4% decrease in twenty-foot equivalent units (TEU) compared to 2014 due to general decrease of container turnover in Russia. Containerized cargo tonnage reached 590,519 tonnes, or a 13% decline compared to 1Q14.

KSK grain terminal decreased handling volumes to 479,020 tonnes (-28% vs.1Q14) resulting from record volumes transshipped in the 1st half of the harvest season 2014-2015.

General and liquid cargo handling decreased by 45% compared to the previous year reflecting a negative trend of the domestic demand for imported goods.

Ro-Ro volumes increased in terms of tonnage (+263%) and units (+43%) versus 1Q14 as a result of growing cabotage services.

In 1Q15 bunkering fuel sales decreased by 27% compared to 1Q14 and reached 21,854 tonnes.

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20.02.2015

FITCH AND STANDARD & POOR'S INITIATE COVERAGE OF DELOPORTS


DeloPorts Limited (“DeloPorts” or the “Company”) welcomes Fitch Ratings and Standard & Poor’s Ratings Services assigning a BB- long-term issuer default rating and a B+ long-term corporate rating respectively both with a ‘stable’ outlook to DeloPorts.

Commenting on the rating assignment, Timofey Telyatnik, co-owner of DeloPorts, stated: “The assignment of initial credit ratings is an important milestone for the Company with a view to build a successful and transparent business. We are delighted that our achievements to date and growth potential have been appreciated.”

Andrey Bubnov, Chief Financial Officer of the Group, added: “Obtaining credit ratings opens new sources of funding such as Rouble bonds and Eurobonds which diversifies available sources of capital away from traditional bank loans. It is also important to note the beginning of independent analytical coverage of the Company’s performance.”
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15.01.2015

DELOPORTS 2014 OPERATING RESULTS


In 2014 DeloPorts terminals demonstrated solid operating results with total cargo throughput increasing to 6.5 million tonnes, up 35% compared to 2013.

  Cargo throughput
  (‘000 tonnes)

Cargo type

 

1Q14

2Q14

3Q14

4Q14

 

2014

2013*

2014/

2013

change

 

 

 

 

 

 

 

Containers

 

676

719

474

555

 

2,425

2,449

(1%)

Grain

 

661

402

1,012

772

 

2,846

1,277

123%

General and liquid cargo

 

75

83

40

77

 

275

288

(5%)

Ro-Ro

 

47

235

336

292

 

911

784

16%

Total cargo throughput

 

1,460

1,439

1,862

1,696

 

6,457

4,798

35%

including:

 

 

 

 

 

 

 

Containers (‘000 TEU)

 

70

74

56

65

 

265

277

(5%)

Ro-Ro (‘000 units)

 

7

17

19

16

 

58

39

49%

Bunkering fuel sales

 

30

42

55

20

 

147

131

12%


* Excluding NNK

NUTEP container terminal handled 2,425 thousand tonnes of containerized cargo showing a slight decrease (-1% vs. 2013) on the back of the general decline in the Russian container market. In twenty-foot equivalent units (TEU) throughput amounted to 265 thousand TEU, or a 5% decline compared to 2013. 

In 2014 KSK grain terminal more than doubled its handling volumes to 2,846 thousand tonnes (+123% vs. 2013) as a result of the first period of full-year operations for the terminal after the complex reconstruction completed in 2013.

General and liquid cargo handling decreased by 5% compared to last year due to the shift of KSK away from general cargoes towards Ro-Ro handling.

Ro-Ro volumes increased in terms of tonnage (+16%) and units (+49%) versus last year amounting to 911 thousand tonnes and 58 thousand cars respectively. Throughput increase reflects the growth of handling of autocars by the new Ro-Ro complex of KSK grain terminal.

Bunkering fuel sales increased by 12% compared to 2013 and reached 147 thousand tonnes. 









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09.10.2014

DELOPORTS OPERATING RESULTS FOR 9 MONTHS 2014

In the reporting period DeloPorts terminals handled 4.8 million tons of cargo, which is a 42% increase compared to 9M13. The key growth driver was the increase of grain throughput by KSK grain terminal, which was launched in the middle of 2013 after complex reconstruction.



Cargo throughput, thousand tons

Cargo type

1Q14

2Q14

3Q14

9M14

9M13

9M14/

9M13

 

Change,

 %

 

Containers

676

719

474

1,870

1,852

18

1%

Grain

661

402

1,012

2,075

640

1,435

224%

General  and liquid cargo

75

83

40

198

221*

(22)

(10%)

Ro-Ro

47

235

336

618

629

(11)

(2%)

Total cargo throughput

1,460

1,439

1,862

4,762

3,342

1,419

42%

including:

 

 

 




 

Containers (thousand TEUs)

70

74

56

200

210

(10)

(5%)

Ro-Ro, units

7

17

19

43

27

16

58%


Bunkering fuel sales

30

42

59

131

83

47

56%

* Excluding NNK

NUTEP container terminal handled 1,870 thousand tons of containerized cargo, which is 1% ahead of last year’s schedule. In twenty-foot equivalent units (TEU) throughput amounted to 200 thousand TEU, or a 5% decline compared to the previous year.

KSK grain terminal demonstrated record results with grain handling exceeding 1 million tons in the third quarter to reach 2,075 thousand tons in 9M14 (+224% vs. 9M13).

General and liquid cargo handling decreased by 10% compared to last year due to the shift of KSK away from general cargoes towards Ro-Ro handling.

Throughput of Ro-Ro cargoes in volume decreased by 2% in 9M14 versus last year. In terms of units however Ro-Ro throughput increased by 58% to 43 thousand reflecting growth of handling of autocars by the new Ro-Ro complex of KSK grain terminal.

Bunkering fuel sales demonstrated a 56% increase compared to 9M13 amounting to 131 thousand tons.

Раскрыть

09.07.2014

DELOPORTS 1H 2014 OPERATING RESULTS

In the first half of 2014 DeloPorts terminals handled 2,899 thous. tons, representing a 41% increase compared to 1H 2013. 



Port segment Unit measure1Q142Q14
Total, 1H14 Total, 1H13,% Change 1H14/1H13, %
Containersthous. tons6767191 3961 314 81 6%
Grainthous. tons6614021 063105 957 909%
General  and liquid cargothous. tons7583159201* (42) (21%)
Autocars (Ro-Ro)thous. tons47235282429 (147) (34%)
Total, DeloPorts terminals turnoverthous. tons1 460 1 439
2 8992 049 850 41%
Containers (thous. TEUs)thous. tons7074 144148 (4) (3%)
Autocars (Ro-Ro)thous. tons7172316 7 46%
Bunkering oil salesthous. tons30427260 12 20%

* Excluding NNK

In 1H 2014 DeloPorts container terminal NUTEP handled 1,396 thous. tons of containerized cargo, which is 6% ahead of last year’s schedule. In TEU equivalent throughput amounted to 144 thous. TEU, or a 4% decline compared to the previous year.

Grain handling at KSK grain terminal in 1H 2014 increased 10 times compared to 1H 2013. Grain throughput reached 1,063 thous. tons.

Bunkering sales increased by 20% compared to 1H 2013, reaching 72 thous. tons.

General and liquid cargo handling amounted to 159 thous. tons, a 21% decrease to the last year result.

Ro-Ro segment demonstrated a 34% decline in terms of cargo turnover, but a 46% increase of units handled, due to growth of less heavy but more marginal auto car transshipment. In 1H 2014 DeloPorts terminals handled 282 thous. tons of Ro-Ro cargo or 23 thous. units.

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27.05.2014

PUBLICATION OF DELOPORTS 2012 and 2013 ANNUAL REPORTS

On 27.05.14 DeloPorts announces publication of Annual Reports for 2012 and 2013, which ended on December, 31st 2012 and December, 31st 2013 respectively.



This is the first time that DeloPorts publishes its Annual Report and the Group is proud to make this important step towards increased transparency. For convenience and for the purpose of comparability we also publish annual report for 2012, which we hope will be appreciated by our partners.

Materials are available for reading and downloading in the “Annual reports” section at the Group’s web-site.

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15.04.2014

New name and legal status of the Grain Terminal – ZAO KSK

DeloPorts informs that as of 11 April 2014 the name and legal status of the grain terminal have been changed to ZAO KSK (Russian - ЗАО «Зерновой терминал «КСК»).

After completion of the terminal construction in 2013, the name was brought in accordance with the company’s profile.

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08.04.2014

DELOPORTS Operating Results, 1-st quarter 2014

In the first quarter of 2014 DeloPorts terminals handled 1 460 thous. tons, representing a 39% increase compared to 1Q 2013.



Port segment (thous. tons)Total, 1Q14Total, 1Q13
1Q14 / 1Q13
1Q14 / 1Q13 ,%
Containers6766760.80%
Grain661102558545%
General  and liquid cargo7570*58%
Autocars (Ro-Ro)47202(155)(77%)
Total, DeloPorts terminals turnover1 460
1 050 
41039%
Containers (thous. TEUs)7077
(7)(9%)
Autocars (Ro-Ro) (thous. units)6.87.5(0.7)(9%)
Bunkering oil sales (thous. tons)30201050%

* Excluding NNK

In 1Q 2014 DeloPorts container terminal NUTEP handled 676 thous. tons of cargo, which almost matches last year’s schedule. In TEU equivalent throughput amounted to 70 thous. TEU, or a 9% decline relative to the previous year.

Grain handling at KSK grain terminal in 1Q 2014 increased 6.5 times compared to 1Q 2013. Grain throughput reached 661 thous. tons – a quarterly record for the terminal. Moreover, KSK demonstrated third consecutive quarterly throughput growth.

Bunkering sales increased by 50% compared to 1Q 2013, reaching 30 thous. tons.

General and liquid cargo handling reached 75 thous. tons, an 8% increase quarter-on-quarter.

Ro-Ro segment demonstrated declining volumes in 1Q 2014. DeloPorts terminals handled 47 thous. tons of Ro-Ro cargo, or 77% less than in 1Q 2013. In terms of units the decline was lower – 9%.
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11.03.2014

February 2014 – DELOPORTS monthly throughput record

Record monthly throughput was registered at DeloPorts terminals.

In February 2014 DeloPorts terminals handled 563.5 thous. tons – a 57% increase compared to the same period of 2013. The previous record of 555.2 thous. tons was set in December 2013.
Substantial growth was registered in the key operating segments of the Group: container and grain handling. In February 2014 throughput of container terminal NUTEP grew by 39% compared to the same period of 2013 and reached 245 thous. tons (22.9 thous. TEUs or 7% growth).
Grain terminal KSK handled 270.8 thous. tons – a 342% increase relative to comparable period of previous year.
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20.12.2013

DELOPORTS sold its oil products terminal NNK

DeloPorts LIMITED sold 100% shares of LLC Novorossiysk Petrotransshipment Complex (NNK) to Gazpromneft Marine Bunker – subsidiary of Gazprom neft. NNK is a port terminal located in the south-west district of Novorossiysk sea port.

Construction commenced in 2010, and the terminal was launched in May 2012. In 2013 NNK reached its full project capacity, and in 11 months of 2013 NNK handled over 300 thous. tons of oil products. The terminal infrastructure allows handling of light and dark oil products. NNK works with companies that provide bunkering services in the Russian bunkering market. DeloPorts was created in 2012, it consolidates stevedore assets of DELO-GROUP: container, grain terminals and bunkering company TOS. 

TOS was not included in the perimeter of the transaction and continues to maintain its positions in the Novorossiysk bunkering market. Moreover, NNK and TOS signed a 3-year agreement on cargo handling. “In 11 months of 2013 NNK represented approximately 7% of DeloPorts throughput and approximately 3 % in revenues. The sale of the oil products terminal will allow DeloPorts to focus on its strategic segments – containers and grain handling”, - said Timofey Telyatnik, DELO-GROUP President.
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12.12.2013

DELOPORTS sells 25% in KSK grain terminal to Cargill

DeloPorts LIMITED sold 25% plus one share in OJSC «Kombinat «Stroykomplekt» (KSK) to Cargill – leading producer and supplier of foods, agriculture, industrial and financial products and services.  

KSK is a modern grain terminal, located in Novorossiysk, with annual throughput capacity of 3.5 mln. tons. KSK has both auto and rail reception, its silo park is able to simultaneously store up to 116 thous. tons of grain. The terminal uses modern and efficient loading equipment and deep-water berths. The terminal construction was completed in Q2 2013, with over 1 mln. tons of export grain cargoes already loaded in the new harvest season from 1st July to 12 December 2013.  
«We welcome our strategic partnership with Cargill, - says Mr. Timofey Telyatnik, President of DELO-GROUP. Introduction of a strategic partner in an asset which we built greenfield, is a logic conclusion of the investment stage of the terminal at this moment. We completed a thorough technical and legal due diligence and received a quality and monetary appraisal of our investments.  Partnership with Cargill will allow KSK to implement best global corporate governance practices. KSK has always been positioned as an independent terminal and it remains available for business with all potential clients. We value this status and as a majority shareholder we will ensure high quality service for all existing and future clients of the terminal. New strategic investor will only reinforce the KSK presence in the market» - he added.
Morgan Stanley acted as financial advisor and Herbert Smith Freehills acted as legal advisor to DeloPorts .
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11.12.2013

KSK refinanced its debt obligations

DeloPorts LIMITED announces that OJSC «Kombinat «Stroykomplekt» (KSK) raised a $51.9 mln loan from VTB. The proceeds will be used to repay loans previously provided by Sberbank for the construction of the terminal.

«We completed the investment stage of KSK development, - says Mr. Timofey Telyatnik, President of DELO-GROUP. Pre-payment of investment loans validates all our project assumptions and demonstrates high credit quality of Delo group of companies. We are pleased to launch our cooperation with VTB and highlight their flexibility».
«The terminal has become fully operational and is generating stable cashflows, - added Mr. Andrey Bubnov, CFO of DELO-GROUP. Refinancing allowed to align key terms and conditions of the borrowings with the new profile of the terminal. As such, KSK share pledge was released and covenants were significantly improved.  We appreciate the support that Sberbank has been providing throughout the construction stage and look forward to executing new projects in the future».
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10.10.2013

DELOPORTS operating results, 9 months 2013

In the 9 months of 2013 DeloPorts terminals handled 3.589 million tons of cargo, generally in-line with the same period of 2012.



Port segment (thous. tons)Total, 9M13Total, 9M129M13/9129M13/9M12,%
Containers1 852.4
1 620.7
231.7
14%
Grain640.0816.2
(176.2)(22%)
General cargo220.6
208.312.36%
Autocars (Ro-Ro)629.2912.3(283.1)(31%)
Liquid cargo18.20.018.2100%
Oil products228.142.7185.4434%
Total, DeloPorts terminals turnover3 589
3 600
(12)0%
Containers (thous. TEUs)209.6160.1
49.5
31%
Autocars (Ro-Ro) (thous. units)27.034.6(7.7)(22%)
Bunkering oil sales (thous. tons)83.564.119.330%

Due to the capacity increase of NUTEP, in the 9 months of 2013 DeloPorts container turnover growth rate reached 31% in TEUs (14% in tons), substantially outpacing Russian overall container turnover growth rates and the Southern Basin.

DeloPorts used the decline of Russian grain exports in the 2012-2013 season to complete expansion of KSK (grain terminal) throughput capacity to 3.5 million tons per year. The terminal was inaccessible for grain handling from 15th of March to 31st of May, 2013, as a result of the conveyor belt disassembly, its installation and arrangements for rail cargo reception. The works were successfully completed; the terminal is currently fully operational. In the current grain season which commenced on 1st of July, 2013, KSK handled 524.8 thous. tons, a 35% increase compared to the 3rd quarter of 2012.

The decline in Ro-Ro trucks handling occurred as a result of a general decrease of cargoes headed for Sochi, as the end of preparations for the Olympic Games is approaching. However, the declining volumes of trucks were partially offset by the launch of Ro-Ro handling by KSK in September, 2013.

A substantial increase in oil products handling was reached as NNK (oil products terminal) reached its project capacity – the terminal was launched in May, 2012.

The Company also increased bunkering throughput volumes as a result of Novorossiysk total bunkering volumes increase and DeloPorts technical facilities expansion on the market.
Раскрыть

09.09.2013

Ro-Ro terminal put in operation

In 2013 DeloPorts completed expansion of the grain terminal (KSK) throughput capacity to 3.5 mln. tons per year.

In August 2013 after carrying out land restoration works, the Group put into operation an auto handling complex on vacant territory of KSK. For this purpose a special berth for Ro-Ro cargo and storage area, able to handle 1565 cars simultaneously, were constructed. A new Ro-Ro complex throughput capacity exceeds 50 thous. cars per year.
In August the first ferry carrying 399 cars was handled in the test mode.
In September the new Ro-Ro complex was put into operation according to project schedule. On September 9th UECC Autopremier ferry was moored at the terminal's specialized berth, the vessel left Derince port (Turkey) on September, 6th. The ferry carried 756 cars. Further deliveries will be handled on a weekly basis.
“Launching the Ro-Ro terminal allows DeloPorts to gain extra profit from the territories not directly involved in the grain handling production process”, - says Timofey Telyatnik, DELO-GROUP President. “We are happy with the effective cooperation with our partners – Rolf SCS – and note fast execution of the project”.
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03.09.2013

New Chief Financial Officer at DELOPORTS

We are pleased to announce that on September 2nd, Andrei Bubnov was appointed as DELO-GROUP Chief Financial Officer.



For over eight years Mr. Bubnov worked in London and Moscow offices of American investment bank Morgan Stanley where his last position was the Head of Fixed Income Capital Markets. Later Andrei Bubnov worked as CFO at a large port holding company where he successfully accomplished placement of Ruble bond offerings and helped to develop and defend the new corporate development strategy, presented to a wide range of investors. 

DeloPorts is a dynamically developing company and we are inviting best professionals to help us achieve relevant objectives. Mr. Bubnov’s experience and qualification are beneficial to the Company for credit portfolio optimization, expansion of lending and corporate management quality improvement.
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05.07.2013

DELOPORTS operating results, 6 months 2013

In the first 6 moths 2013 DeloPorts handled 2.196 million tons of cargo, a 1% decline compared to 6 months 2012.



Port segment (thous. tons)Total, 1H13Total, 1H121H13/1H121H13/1H12,%
Containers1 314.1
1 089.2
225.0
21%
Grain*105.3420.0
(314.7)(75%)
General cargo*182.7
149.533.222%
Autocars (Ro-Ro)429.0542.1(113.2)(21%)
Liquid bulk cargo18.20.018.2100%
Oil products147.116.9130.1768%
Total, DeloPorts terminals turnover2 196
2 218
(21)(1%)
Containers (thous. TEUs)148.0111.236.9
33%
Autocars (Ro-Ro) (thous. units)15.520.7(5.1)(25%)
Bunkering oil sales (thous. tons)59.845.914.031%

* in actual throughput

Due to the completed increase of container throughput capacity increase, DeloPorts container throughput growth substantially outpaced Russian and South Basin container throughput growth rates.

The Company used the decline of Russian grain exports in the II quarter 2013 - to complete expansion of the grain terminal KSK throughput capacities to 3.5 million tons per year. The terminal was inaccessible for grain handling from 15th March 2013 to 31st May 2013 as a result of the conveyor gallery disassembly, its installation and arrangement of cargo railway reception. The works were successfully completed; the terminal is currently fully operational.

The decline in Ro-Ro cargo handling occurred because of the general freight flow decrease due to the finalization of preparations for the Sochi Olympic Games.

A substantial increase in oil products handling was reached as the oil products terminal NNK reached its project capacity – the terminal was put into operation in May 2012.

The Company also increased bunkering throughput volumes as a result of Novorossiysk total bunkering volumes increase and DeloPorts technical facilities expansion on the market.

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24.06.2013

Environmental security boost and new technological solutions

DeloPorts, as a part of technological processes optimization program at the Company’s terminals, launched a floating boom technology as a security measure for localization of emergency oil products spills.

On 19th June 2013 “Novorossiysk Petrotransshipment Complex” LLC (NNK) successfully completed a complex of upgrade measures and the new equipment was demonstrated to the supervising authorities.

The unique technology, designed with taking into account specifications of the mooring line, was implemented in the port of Novorossiysk for the first time. Due to the speed and automatization of the process, the new equipment, apart from improving the terminal’s environmental security, will substantially reduce positioning time for floating booms and increase terminal’s oil products handling capacity.

The Captain of the sea port “Novorossiysk”, Vladimir Yerygin, who participated in the tests suggested to implement this technology in other areas of the port.

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31.05.2013

Completion of the last stage of grain terminal construction

In May 2013 DeloPorts grain terminal KSK commissioned a brand new rail link which was a part of the 2nd, stage of its investment program. Construction of railroad reception increased throughput capacity by 1.5 million tones. KSK total throughput capacity currently stands at 3.5 million tons per year.

KSK currently has well-organized reception points for both automotive and rail grain deliveries and is able to simultaneously handle 1,600 tons per hour of grain delivered by rail and 500 tons per hour of automotive grain deliveries. Rail link has been constructed in 2013 and is owned by DeloPorts . The Company has dedicated usage of the rail link and is able to control its maintenance. DeloPorts has a rail link with the Novorossiysk rail station, with 5-track railway-yard. The rail link with effective length of 4,346 meters is able to handle two block trains (2х56 railcars) simultaneously.
DeloPorts terminal is well positioned to handle growing grain exports in Russian Black Sea region has substantial capacity expansion potential.
Раскрыть

09.04.2013

DELOPORTS operating results,1-st quarter 2013

In the 1st quarter 2013 DeloPorts handled 1,114.6 thous. tons exceeding the last year 1Q turnover figures by 12%.



Port segment (thous. tons)Total, 1Q13Total, 1Q121Q13/1Q121Q13/1Q12,%
Containers675.6482.0193.540%
Grain*102.4254.2(151.7)(60%)
General cargo*64.042.022.052%
Autocars (Ro-Ro)202.3215.9(13.6)(6%)
Bulk cargo8.00.08.0100%
Oil products62.30.062.3100%
Total, DeloPorts terminals turnover1 14599412112%
Containers (thous. TEUs)76.950.726.252%
Autocars (Ro-Ro) (thous. units)7.48.7(1.4)(16%)
Bunkering oil sales (thous. tons)19.921.3(1.4)(6%)

* in actual throughput


Growth was registered for every cargo type except for grain and Ro-Ro cargo.

Container turnover (NUTEP terminal) reached 675.6 thous. tons or 76.9 thous. TEUs, an increase of 40% and 52% (respectively). DeloPorts container turnover growth rate substantially exceeds the overall of Novorossiysk transport hub. Thus NUTEP maintains its leading position on the Russian South stevedore market.

A decrease of grain cargo turnover in 1st quarter 2013 year on year occurred due to the general decline in gain exports, caused by poor grain harvest. In given conditions our grain terminal (“Kombinat Stroykomplekt”, KSK) demonstrated “stress resistance”: the terminal handled 102.4 thous. tons of grain cargo. According to Company’s data such performance allows KSK to establish its leading positions among Russian sea port grain terminals. Under conditions of substantial grain exports decrease the company’s management opportunely attracted additional general and liquid bulk cargo volumes. Thus KSK general cargo turnover was 35.2 thous. tons (fourfold increase) and DeloPorts total general corgo turnover reached 64 thous. tons (52% increase). In the 1st quarter 2013 KSK terminal handled 8 thous. tons of bulk cargo, surpassing 4th quarter 2012 (the start of bulk cargo handling) figures by 60%.

The Group bunkering fuel sales were sustained at a stable rate.
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24.01.2013

New STS crane at NUTEP

A new berthing container loader ship-to-shore crane has been put into operation. It is the second high-tech Postpanamaks type crane by Liebherr that will serve container ships at NUTEP berths. New crane, due to its high efficiency, will considerably reduce the time necessary to handle vessels and will allow to increase speed and quality of client services at the container terminal.



Technical specifications:

  • Lifting capacity under spreader – 50 tons.
  • Spreader height from the top of the rail – 34 m.
  • Spreader outreach from the top of the rail – 46 m (16 rows).
A new berthing container loader ship-to-shore crane has been put into operation. It is the second high-tech Postpanamaks type crane by Liebherr that will serve container ships at NUTEP berths. New crane, due to its high efficiency, will considerably reduce the time necessary to handle vessels and will allow to increase speed and quality of client services at the container terminal.
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11.01.2013

TOS fleet expansion by a new bunkering tanker

3 December 2012 NUTEP hosted a reception dedicated to a new bunkering tanker coming onstream.

“Trans Oil Service” LLC. (TOS) has expanded the Company’s fleet, it acquired a new modern bunkering tanker “Tsemes” (year of construction – 2012) for providing bunkering services in Azov-Black seas basin of Russia.

According to Oleg Nechaev, TOS CEO, acquision of the new tanker will increase oil products transshipment: “We consistently pursued this goal. We hope that it will help us to provide services not only in Novorossiysk sea port but also in other ports of Azov-Black sea basin of Russia”.

“Tsemes” is a modern, manoeuvrable, technically equipped tanker that meets requirements of all international marine conventions. It was constructed in the beginning of 2012, has double hull, unlimited navigation region and can provide simultaneous bunkering fuel handling (up to 3 000 tons) and diesel fuel (300 tons).

Technical specifications (“Tsemes”):

  • Tanker deadweight – 3797 tons
  • Gross registered tonnage (GTR) – 2143.
  • Bulk oil space capacity – 3567.78 m3
  • Maximum length – 83.40 m
  • Registered length – 79.50 m
  • Width – 12.90 m
  • Hull height – 7.45 m
  • Draught – 5.65 m
  • Construction location – China, Zhejiang
  • Constuction date – 03.08.2012
  • Producer – «Hangzhou Dongfeng Shipbuilding Co.,Ltd.»
  • Registration port – Novorossiysk



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DeloPorts Limited transferred all interests in its subsidiaries into the capital of OOO DeloPorts (Russia) in July 2015