Press Center

25.12.2018

NEW TUGBOATS FOR SERVICE COMPANY “DELO”

Service Company “Delo” (part of “DeloPorts” holding) received two new tugboats ASD Tug 2310 from Damen Shipyards Group: “Delovoy-4” and “Delovoy-5”.
Key tugboat features:
• length – 23 m;
• width – 10 m; 
• engine power – 3000 кВт или 4000 л.с.; 
• type – azimuthal. 

CEO of SC “Delo” Oleg Nechaev said that the expansion of the fleet is planned: “Reception of the two new tugboats is a part of the planned fleet expansion in the framework of “DeloPorts”. A year ago, we received first three Damen tugboats ASD Tug 2310. Today we have five powerful modern tugboats, two with firefighting class”. According to “DeloPorts” CEO Igor Yakovenko, now there are no limitations for mooring of vessels at the Group’s terminals: “Own tugboats improve the level of services for our clients. Now we’re able to simultaneously moor vessels both at NUTEP and KSK with own resources for different type of vessels including container vessels up to 10 thous. TEUs after launch of the berth 38”. 

DeloPorts is a holding company that owns and operates stevedore assets of Delo Group in the Port of Novorossiysk. DeloPorts consolidates a container terminal, a grain terminal and a service company.
17.12.2018

DELO SINGS CONTRACT WITH DAMEN FOR ITS 6th ASD TUG 2310

On Wednesday 12th of December 2018, Service Company Delo, part of DeloPorts - subsidiary company of the Delo Group, signed a contract with Damen Shipyards Group, for the delivery of an ASD Tug 2310. This vessel will be the sixth ASD Tug 2310 bought by Delo from Damen and will proudly bear the name Delovoy-6.
Delivery of the 6th vessel is scheduled for the start of 2021. Total investments in the tug boat fleet of SC Delo will exceed 31 mln euro of own and borrowed funds. The new tug will be used for towing, mooring, firefighting and a wide range of additional harbour tasks at the grain and container terminals owned by DeloPorts at the port of Novorossiysk on the Black Sea. Because of its compact size and its bollard pull of 50 tonnes the ASD Tug 2310 is the ideal tool to work at the terminals. Currently the Delovoy-04 and Delovoy-05 are on their way from the building yard in China to the Black Sea with delivery scheduled for the end of this month. On arrival the vessels will begin operations immediately. 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. It is also a major rail and multimodal supplier of containerized cargo delivery services. The relationship between Delo Group and Damen started two years ago in 2016, but in this short period of time the companies have become good partners. On the premises of another Delo Group subsidiary, Aleksino Port Marina Shipyard in Novorossiysk, Damen has established a Service Hub that allows it to deliver quick and professional services for Damen customers in the Black Sea and eastern Mediterranean region.
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.
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”.
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.

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.

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
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 +14% 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

1,995

1,739

14%

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.

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.
Full version of the report is available on the agency's website at https://raexpert.ru/press
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 
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.

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.
Key financials: 

Consolidated revenue RUB 8,791 mln (+12.7%)  

•    Consolidated EBITDA RUB 6,079 mln (+5.7%)
•    EBITDA margin 69.2% as against 73.8% in 2016 
•    Adjusted net profit RUB 4,242 mln (+4.1%)
•    Operating cash flow RUB 4,976 mln (+5.1%)
•    CAPEX RUB 2,403 mln (+124.2%)
•    Net debt RUB 5,814 mln (+34.4% compared to 31 December 2016)
•    Net debt/EBITDA 1.0x versus 0.8x as of 31 December 2016 

Key operating results:

•    Total volume of cargo handling 7.7 mln tonnes (+28.3%)
•    Grain handling volume 4.2 mln tonnes (+26.9%)
•    Container throughput 304 thousand TEU (+30.0%) </div>

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 http://www.deloports.ru/pages/investors/financial_results

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%.
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.

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
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.
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). 

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). 

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.
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. 

• 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. 

• 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.

• Decrease in the volumes of general cargo by 30%.

• 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%.

• 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.

Cargo throughput (‘000 tonnes)

Cargo type

1Q 17

2Q 17

3Q 17

4Q 17

2017

2016

2017/2016

Containers

726

1,013

580

1,008

3,326

2,438

36%

Grain

951

723

1,055

1,487

4,216

3,322

27%

General cargo

36

52

24

21

132

189

(30%)

Ro-Ro

8

10

10

8

37

79

(53%)

Total cargo throughput

1,722

1,798

1,669

2,523

7,712

6,028

28%

including:

Containers (‘000 TEU)

72

94

51

87

304

233

30%

Ro-Ro (‘000 units)

1

3

3

3

11

12

(5%)

Service type

Bunkering fuel sales (‘000 tonnes)

14

17

13

18

62

31

101%

Agency services (units)

n/a

21

83

90

194

n/a

n/a

Mooring services (units)

n/a

n/a

n/a

3

3

n/a

n/a