OOO «DeloPorts» (hereinafter DeloPorts), a major Russian stevedoring holding that consolidates the Novorossiysk assets of Delo Group in the grain and container segments, publishes its operating results for the six months of 2019.
In January-June 2019 the turnover of DeloPorts’s terminals decrease by 25% compared to the same period in 2018 and amounted to 3.2 mln tonnes. This mainly caused by the lowered transshipment volumes at KSK Grain Terminal (-54% year on year) due to the decrease in export potential in the 1H of 2019.
Cargo throughput (‘000 t)
Total cargo throughput
Ro-Ro (‘000 units)
Bunker fuel sales (‘000 t)
Moring operations (units)
Agency service (units)
* Minor deviations in the calculation of the percentage changes in this press release are due to rounding.
On April 23, 2019, the vessel “ZHEN HUA 19” moored to the berth of the NUTEP Container Terminal carrying the ZPMC equipment for the new deep-water container berth No. 38, constructed by the company in 2019 as a part of the investment project: 3 STS cranes, 4 RTG cranes and 2 reach stackers.
The contracts for the supply of the three STS and four RTG were signed in June 2017; the reach stackers were ordered in January 2019. The overall contract value is USD 22.5 million under the DAT terms.
The new STS with a track gage of 18 m, a cantilever span of 54 m and a lifting height above the berth of 40 m are the largest on the Russian Black sea coast, allowing NUTEP to handle vessels up to 10,000 TEUs.
Apart from the unique STS, the terminal received four RTG for handling stacks of 7+1 in width and 5+1 in height, and 2 reach stackers with a capacity of 45 tons.
The equipment was loaded onboard on January 28, it took less than three months for it to reach the port of Novorossiysk. The unloading, setup and commissioning will take 40 days depending on weather conditions. The vessel crew, 35 specialists from ZPMC and IPSK, St. Petersburg, will participate in the assembly of the equipment.
The berth No. 38 construction project is being implemented as part of the investment program that involves construction of the berth No. 38 as well as developing the terminal area by concreting for additional storage space and switching the terminal to RTG technology that will increase its storage density.
The investment project will increase the capacity of NUTEP from the existing 350 thous. TEUs to 700 thous. TEUs, the storage capacity from 12,000 TEUs to 15,000 TEUs on the berth and up to 19,000 TEUs at the terminal area. NUTEP will be able to receive and handle vessels up to 10,000 TEUs. Moreover, the new berth will reduce the shipping cost for container lines.
DeloPorts is a holding company that owns and operates stevedore assets of Delo Group in the port of Novorossiysk. DeloPorts consolidates NUTEP Container Terminal, KSK Grain Terminal and Delo Service Company.
NUTEP is located in the South-Eastern cargo district of the port of Novorossiysk. The terminal operates 4 berths (two container berths and 2 Ro-Ro).
In 2018 NUTEP handled 332,756 TEUs, a + 9.6% growth year on year. NUTEP holds the first place in the port of Novorossiysk by the containers handling volume with a 43% share and it holds the fifth place among the ports of the Russian Federation with a share of 6.5%.
Igor Yakovenko DeloPorts CEO commented on the Company’s IFRS financial results:
“In 2018 we have established the new operating and financial records for the Company. The intensification of container transshipment, favorable grain export market conditions and a range of operating improvements including serving vessels with own tug boats, allowed us to increase the total throughput by 13% compared to 2017. DeloPorts’ consolidated revenue increased by 35.6% due to operations profitability growth –the share of export laden containers increased, as well as profit margins from bunkering operations. The USD exchange rate fluctuations also effected the result since the Group’s rates were set is dollars. DeloPorts demonstrated a 44.4% growth in EBITDA and 73.7% in EBITDA margin compared to 2017. Good operating and financial results mirror DeloPorts objective to reach our strategic goals focusing on the clients”.
A full version of the Company's audited consolidated financial statements prepared in accordance with IFRS as of 31 December 2018, covering a twelve-month period ending on that date, is available on the website of DeloPorts at http://www.deloports.ru/pages/investors/financial_results
The key objective of the project is bringing together the students and the potential employees for career guidance with a focus on a long-term cooperation with the leading transportation enterprises of Novorossiysk.
During the exhibition and discussion DeloPorts and Ruscon specialist gave an insight on the professions that are in high demand at the Delo Group companies, shared the internship opportunities and the requirements for the job placement.
“Our shared interest is to have the top-class professionals working at our companies. DeloPorts is ready to present the students with various internship opportunities together with career counselling. This will allow the young specialists to see the operation processes from the inside and to understand what knowledge and expertise they should gain to further apply for a job and to evaluate own career growth prospects” – said Igor Yakovenko, DeloPorts CEO.
DeloPorts is a holding company that owns and operates stevedore assets of Delo Group in the Port of Novorossiysk. DeloPorts consolidates NUTEP Container Terminal, KSK Grain Terminal and Delo Service Company.
The partnership contract for the seasons 2019/20 and 2020/21 was signed on 25 February 2019 in Vienna by Igor Yakovenko, CEO of DeloPorts, and Managing Director of EHF Marketing GmbH, David Szlezak.
Delo will give its name to Europe’s premier women’s club handball competition. Starting from the EHF FINAL4 2019, the event will bear the name ‘DELO WOMEN’S EHF FINAL4’. From the start of the 2019/20 season, the new name of the competition will be the ‘DELO WOMEN’S EHF Champions League’.
Igor Yakovenko commented on the new partnership: “Over the years Delo Group has supported many sports projects in football, children’s sport, yachting and handball. Since 2015, Delo Group has promoted the development of handball in Russia and we are happy to see the results of our teams on both club and national team levels.
Just as we grow and develop in the business world, we would also like to broaden our horizons in the handball world. The team spirit found in handball, the nurturing of talent, fair play and strength are in tune with our company’s values. We’re happy to become a part of the European handball family as title sponsor of the DELO WOMEN’S EHF Champions League”.
David Szlezak, Managing Director, EHF Marketing GmbH, said: “The new partnership with the Delo Group will provide a tremendous boost for the WOMEN’S EHF Champions League. This is an opportunity to work together with a title sponsor to push forward the development of the competition, a process we have already experienced with the VELUX EHF Champions League. We are confident that the DELO WOMEN’S EHF Champions League will reinforce its status as one of the leading team sports competitions on the European market.”
The DELO WOMEN’S EHF FINAL4 will be hosted in the Papp László Budapest Sportaréna on 11/12 May.
About WOMEN’S EHF Champions League
The WOMEN’S EHF Champions League is Europe’s premier club handball competition and brings together the continent’s top teams in a battle for the most important club title in the sport. From the group phase onwards, 16 teams compete for a place at the DELO WOMEN’S EHF FINAL4.
About Delo Group
Delo Group is one of the largest private transportation and logistics companies in Russia with port assets in the Azov-Black Sea, Baltic and Far Eastern basins, as well as rail and multimodal operator of containerized cargo. The key assets of Delo Group are comprised of the stevedore holding DeloPorts, the multimodal transport operator Ruscon and the leading operator of Russian container terminals Global Ports. www.delo-group.com
About EHF Marketing GmbH
EHF Marketing GmbH is the marketing arm and subsidiary of the European Handball Federation. The company works closely with marketing and media partners, as well as with Europe’s leading clubs to realise the full potential of the sport on the international sports market. EHF Marketing GmbH is responsible for the marketing and media rights of club competitions including the VELUX EHF Champions League, WOMEN’S EHF Champions League and the MEN’S EHF Cup. Visit www.ehfCL.com and www.ehfFINAL4.com for more information.
The turnover of DeloPorts terminals in 2018 increased by 13% compared to 2017 and reached 8.7 mln tonnes due to the record turnover volumes of containers and grain.
The container terminal NUTEP increased the turnover by 10% in TEUs. Meanwhile, the yearly result showed a record turnover of 333 thous. TEUs.
The grain terminal KSK turnover reached 4.8 mln tonnes of grain, a 14% increase year on year.
Bunkering fuel sales dropped by 9% compared to 2017.
Service company Delo received and launched 2 new tug boats in addition to the three tug boats already in use. In 2018 SC Delo rendered 959 mooring services with the own tug boats fleet.
Turnover (‘000 tonnes )
Containers (‘000 TEUs)
Bunkering fuel sales (‘000 tonnes)
Agency services (units)
Mooring operations (units)
DeloPorts is a holding company that owns and operates stevedore assets of Delo Group in the Port of Novorossiysk. DeloPorts consolidates the container terminal NUTEP, the grain terminal KSK and the service company Delo. Turnover of the terminals under management reached to 8.7 million tonnes in 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:
Cargo throughput (‘000 t )
Containers (‘000 TEU)
Ro-Ro (‘000 units )
Bunkering fuel sales (‘000 t)
* Minor deviations in the calculation of the percentage changes in this press release are due to rounding.
1H 2018/1H 2017*
Containers (‘000 TEU)
Mooring services (units)
Bunkering fuel sales
1H 17/1H 16
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)
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.
Ro-Ro (‘000 units)
Bunkering fuel sales
1H 2016/ 1H 2015 change
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.
Full report is available on the S&P’s website at www.standardandpoors.com
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.
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.
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.
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.
General and liquid cargo
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.
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.
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
General and liquid cargo
Containers (thousand TEUs)
* 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.
In the first half of 2014 DeloPorts terminals handled 2,899 thous. tons, representing a 41% increase compared to 1H 2013.
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.
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.
Materials are available for reading and downloading in the “Annual reports” section at the Group’s web-site.
After completion of the terminal construction in 2013, the name was brought in accordance with the company’s profile.
In the first quarter of 2014 DeloPorts terminals handled 1 460 thous. tons, representing a 39% increase compared to 1Q 2013.
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.
In the 9 months of 2013 DeloPorts terminals handled 3.589 million tons of cargo, generally in-line with the same period of 2012.
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.
We are pleased to announce that on September 2nd, Andrei Bubnov was appointed as DELO-GROUP Chief Financial Officer.
In the first 6 moths 2013 DeloPorts handled 2.196 million tons of cargo, a 1% decline compared to 6 months 2012.
* 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.
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.
In the 1st quarter 2013 DeloPorts handled 1,114.6 thous. tons exceeding the last year 1Q turnover figures by 12%.
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%.
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.
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”):
DeloPorts Limited transferred all interests in its subsidiaries into the capital of OOO DeloPorts (Russia) in July 2015