Press Center

20.04.2021

S&P affirmed DeloPorts rating at B+ based on the results of 2020 with stable outlook

On April 15, 2021, the rating Agency Standard & Poor’s (S&P) confirmed the long-term rating of DeloPorts (a stevedore asset of Delo Group) at B + level with a Stable forecast at the end of 2020.

Despite the pandemic, due to an increase in grain and container handling, the results of DeloPorts in the past year were better than expected. One of the factors that contributed to this was the launch of deep-water berth No. 38 in 2019.

According to S&P estimates, the EBITDA growth of DeloPorts was 46%, the ratio of funds from operating activities (FFO) to debt showed 26% versus 20% in the baseline scenario of the rating agency.

At the same time, the “Stable” forecast given by the agency implies that DeloPorts has the potential and prerequisites to maintain the weighted average FFO / debt ratio at the level of 25% -30% in the next three years. As noted by S&P, it was also influenced by the development strategy adopted by Delo Group, which does not imply the acquisition of new assets using borrowed funds in the next two years but plans to invest in organic growth.

The same forecast considers potential positive processes in the Russian economy in 2021 and their impact on the activities of the stevedore asset.

The agency assessed the liquidity of DeloPorts as adequate, noted the company's ability to manage it having access to bank financing and capital markets.

S&P predicts an increase in container turnover in 2021–2022 by 8–12% per year, grain turnover by 5–7%, adjusted EBITDA margin at 78% –80% as the next baseline scenario for DeloPorts soon.

Commenting on the agency's research and conclusions, Igor Yakovenko, Chief Executive Officer of DeloPorts, said: “We see that the implemented investment projects, for example, deep-water container berth No. 38, have a significant positive impact on the operating activities of our assets and on the image of the Company. In summer we plan to launch a deep-water grain berth No. 40A. I am sure that the subsequent effect will be reflected in the next study of the rating agency and in the overall rating of DeloPorts”.

 

About the Company

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.

Delo Group is the largest transport and logistics holding in Russia, managing sea container terminals in the Azov-Black Sea, Baltic and Far Eastern basins, a network of railway container terminals, a fleet of containers and fitting platforms. The parent company of the Group is LLC MC Delo, 70% owned by the founder of the Group, Sergey Shishkarev, and 30% is owned by State Atomic Energy Corporation Rosatom.

The Group's stevedoring business includes DeloPorts holding and Global Ports, a leading container terminal operator. The transport and logistics business of the Group is made up of the multimodal transport operator Ruscon and the intermodal container operator TransContainer that owns and operates the largest fleet of containers and flatcars over the entire 1520 standard railway network.

13.04.2021

Delo Group and Rosatom State Corporation transferring port terminals in Novorossiysk to use green wind energy

Delo Group, the largest transport and logistics holding in Russia, and Atomenergoprom, which consolidates the civil assets of ROSATOM, on April 13, 2021 as part of the international exhibition TransRussia-2021 signed an agreement on the implementation of joint measures aimed to facilitate the transition of logistics terminals to the use of low-carbon green energy sources.

Delo Group, the largest transport and logistics holding in Russia, and Atomenergoprom, which consolidates the civil assets of ROSATOM, on April 13, 2021 as part of the international exhibition TransRussia-2021 signed an agreement on the implementation of joint measures aimed to facilitate the transition of logistics terminals to the use of low-carbon green energy sources.

The agreement was signed by Igor Yakovenko, Chief Executive Officer of Management Company Delo, the parent company of Delo Group, and Ekaterina Lyakhova, Director for Investment and Operational Effectiveness Management, ROSATOM (Chairman).

One of the first steps in the implementation of this agreement provides for the organization of the supply of electricity generated from wind energy to the largest terminals in the Azov-Black Sea region of Russia NUTEP Container Terminal and KSK Grain Terminal in Novorossiysk (part of DeloPorts, the Group's stevedore asset).

Atomenergopromsbyt (part of NovaWind - the wind energy division of Rosatom State Corporation) was the partner in the new project.

The contractual relationship establishes that from January 1, 2022, the terminals will completely switch to the use of electricity generated at wind farms.

KSK and NUTEP became the first large port infrastructure facilities in Russia to announce the transition to the use of renewable energy.

“Rosatom is consistently implementing a strategy to produce low-carbon energy based on nuclear and wind power generation. Currently, more and more companies are choosing the path of sustainable business development.

In many ways, this becomes the key to competitiveness and long-term commercial success. And I hope that today's agreement is only the first step towards the transition of enterprises in the logistics industry in Russia to the use of low-carbon energy sources”, - said Yekaterina Lyakhova.

The annual throughput of NUTEP is 700 thousand TEUs, the container throughput of the terminal in 2020 reached 487 thousand TEUs. The share of NUTEP in the container turnover of the Azov-Black Sea basin is 61%, in Russia - 9%. The terminal's clients are the largest international lines. The throughput capacity of the KSK Grain Terminal is 6 million tons per year (after the completion of the reconstruction in 2021 - up to 7 million tons), in 2020 the terminal handled more than 5.1 million tons of grain. The share of KSK in the Russian grain export in 2020 reached 12%.

The «green port» project will allow the use of electricity production based on low-carbon green energy sources (RES) for the purpose of facilitating exports from the Russian Federation with minimal CO2 emissions. It will affect the reduction in NUTEP and KSK's calculated indicators for reporting indirect emissions greenhouse gas emissions (Scope 2) and other indirect carbon emissions (Scope 3) for their customers. Depending on the methodology adopted by the European Union, the indicators can reduce the value of the «carbon tax» on exports to the European Union for Russian exporters.

According to NovaWind, the potential reduction in CO2 emissions due to the transition to the use of wind energy according to NUTEP and KSK will reach 6.8 and 5.7 thousand tons of CO2 / year, respectively (in relation to traditional sources of electrical energy, provided that natural gas).

“One of the strategic objectives of Delo Group is the development of port and terminal infrastructure in accordance with the principles of sustainable development and minimal impact on the environment. The «green port» project at DeloPorts enterprises is a pilot, but a long-term one. We intend to expand and develop it at other enterprises of the Group. The NUTEP and KSK terminals are the most modern in the South of Russia, for their modernization the Group is implementing a large-scale investment program aimed at expanding capacity and purchasing the latest equipment. We strive to comply with ESG (Environmental, Social, Governance) principles and we are grateful to our partners in ROSATOM for their help and assistance in the Green Port project,” - Igor Yakovenko commented on the signed agreement.


About the Company

Delo Group is the largest transport and logistics holding in Russia, managing sea container terminals in the Azov-Black Sea, Baltic and Far Eastern basins, a network of railway container terminals, a fleet of containers and fitting platforms. The parent company of the Group is LLC MC Delo, 70% owned by the founder of the Group, Sergey Shishkarev, and 30% is owned by State Atomic Energy Corporation Rosatom.

The Group's stevedoring business includes DeloPorts holding and Global Ports, a leading container terminal operator. The transport and logistics business of the Group is made up of the multimodal transport operator Ruscon and the intermodal container operator TransContainer that owns and operates the largest fleet of containers and flatcars over the entire 1520 standard railway network.

NovaWind JSC is a new division of Rosatom; its primary objective is to consolidate the State Corporation's efforts in advanced segments and technological platforms of the electric power sector. NovaWind implements the corporation's strategy in the wind energy business - from design and construction to power engineering and operation of wind farms. JSC NovaWind has already commissioned wind farms in southern Russia with a total capacity of 420 MW. In total, by 2024, enterprises in the management loop of NovaWind JSC will have to create wind power plants with a total capacity of about 1.2 GW.

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02.04.2021

NUTEP sets record for container turnover second month in row

NUTEP Container Terminal (part of DeloPorts, a stevedore asset of the largest transport and logistics holding in Russia, Delo Group) set a record handling 58,577 TEUs in March 2021. The previous one 51,264 TEUs, dated February 2021, lasted only a month.

In general, the volume of container handling through the NUTEP terminal for the first quarter of 2021 increased by almost 28 thousand TEUs compared to the same period last year and amounted to 153,494 TEUs.

Yury Matvienko, Chief Executive Officer of NUTEP, commenting on the achieved results, noted: “The first quarter of this year was very difficult for NUTEP - there is frequent stormy weather, which disrupted the rhythm of setting and handling of vessels to the berth, and objectively increased cargo traffic, which responded to market fluctuations. However, for our company, the quality of customer service has always been and remains in the first place. Both employees and technology were ready to work in difficult conditions. Special thanks to the NUTEP team, who showed real dedication. As we can see, the results for March and the first quarter of 2021 speak for themselves. But the record figures for us are firstly an indicator of the clients’ trust, for which we are very grateful to them".

About the Company

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.

Delo Group is the largest transport and logistics holding in Russia, managing sea container terminals in the Azov-Black Sea, Baltic and Far

Eastern basins, a network of railway container terminals, a fleet of containers and fitting platforms. The parent company of the Group is LLC MC Delo, 70% owned by the founder of the Group, Sergey Shishkarev, and 30% is owned by State Atomic Energy Corporation Rosatom.

The Group's stevedoring business includes DeloPorts holding and Global Ports, a leading container terminal operator. The transport and logistics business of the Group is made up of the multimodal transport operator Ruscon and the intermodal container operator TransContainer that owns and operates the largest fleet of containers and flatcars over the entire 1520 standard railway network.

23.03.2021 10:00:00

DeloPorts revenue increased by 33% in 2020 according to IFRS

DeloPorts, a stevedore asset of the largest transport and logistics holding in Russia, Delo Group, has consolidated financial results for 2020 in accordance with International Financial Reporting Standards (IFRS).

Key financial indicators:

• Consolidated revenue RUB 13,099 mln (+ 33.2%)

• Consolidated EBITDA RUB 10,620 mln (+ 57.2%)

• EBITDA margin 81.1% versus 68.7% in 2019

• Operating cash flow RUB 8,988 mln (+ 60.4%)

• Capital expenditures RUR 1,949 mln (-52.9%)

• Net debt RUB 21,594 mln (-2.4%)

• Net debt / EBITDA 2x versus 3.3x as of 31 December 2019

Key operating indicators:

• Total volume of cargo handling 11.2 mln tons (+ 36.1%)

• Grain transshipment volume 5.1 mln tons (+ 43.3%)

• Container turnover 487 thous. TEUs (+ 29.8%)

The indicated revenue and EBITDA are the highest in the entire history of the stevedore holding.

During 2020, the assets of DeloPorts set several records: in the monthly transshipment of NUTEP Container Terminal in March - 50,518 TEU, in the monthly transshipment of KSK Grain Terminal in September - 667,991 tons, and in the annual transshipment of grain at the end of 2020 - 5.1 million tons.

Moreover, a new effective mobile application for the freight forwarders has been introduced at NUTEP Container Terminal, which makes it possible to speed up the transportation and inspections, as well as to minimize interaction with the terminal’ employees.

In 2021, DeloPorts will complete the implementation of a large investment project “Reconstruction of the grain terminal with an increase in cargo turnover to 4 million tons” by the beginning of the grain season, within the framework of which a permit from Rosmorrechflot has already been obtained to launch the deep-water grain berth No. 40A, fleet, motor transport and railroad components have been updated.

Igor Yakovenko, Chief Executive Officer of DeloPorts, commented on the financial results for the year: “The results of 2020 were expected for us, throughout the entire period we felt a gradual but continuous increase in cargo traffic, an increase in the load on our capacities.

Without a doubt, the result is very good, by far the best in the history of DeloPorts. It is doubly pleasant that both the employees and the equipment have withstood such a serious load with a large margin. This means that we are ready to move on and that our investments pay off. I would like to sincerely thank the management and all employees of DeloPorts for the contribution that each of them made to our common cause and common achievements".

18.03.2021 09:00:00

DeloPorts received permit for commissioning a new grain berth

DeloPorts, a stevedore asset of the largest transport and logistics holding in Russia, Delo Group, received a permit from the Federal Agency for Sea and River Transport (Rosmorrechflot) to commission a new deep-water grain berth No. 40A, constructed within the framework of a large investment project "Reconstruction of the grain terminal with an increase in cargo turnover to 4 million tons", implemented jointly with Rosmorport. The permit was received by the company in March 2021.

DeloPorts, a stevedore asset of the largest transport and logistics holding in Russia, Delo Group, received a permit from the Federal Agency for Sea and River Transport (Rosmorrechflot) to commission a new deep-water grain berth No. 40A, constructed within the framework of a large investment project "Reconstruction of the grain terminal with an increase in cargo turnover to 4 million tons", implemented jointly with Rosmorport. The permit was received by the company in March 2021.

The construction process of the berth for the KSK Grain Terminal started in June 2019. It included the reconstruction of the Rosmorport facilities (the formed territory and the wave barrier breakwater), and the construction of the berthing facilities, which was carried out in an innovative way from both sides, from the sea and from the land, with dredging of the water area. The main construction contractor was Novorostekhflot.

The construction of all the main facilities was efficiently and timely completed in January 2021. After that, all the necessary documents were sent to Rosmorrechflot to obtain permission to commission the berth. Dredging of the water area is ongoing.

The total cost of the project was 1.6 billion rubles, including 190 million spent on the reconstruction of federal facilities, and more than 1.4 billion rubles were spent on the construction of the berth.

According to the company’s estimates, the first vessel will be received at the renewed KSK Grain Terminal in July 2021.

Igor Yakovenko, Chief Executive Officer of DeloPorts, said: “The main stage of reconstruction of KSK has been completed. The decision of Rosmorrechflot to allow the commissioning of berth  № 40A, built on schedule in difficult conditions, testifies to the high standards of work quality and responsibility, demonstrated by the DeloPorts team, our partners from Rosmorport and contractors from Novorostekhflot”.

 

About the Company

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.

Delo Group is the largest transport and logistics holding in Russia, managing sea container terminals in the Azov-Black Sea, Baltic and Far Eastern basins, a network of railway container terminals, a fleet of containers and fitting platforms. The parent company of the Group is LLC MC Delo, 70% owned by the founder of the Group, Sergey Shishkarev, and 30% is owned by State Atomic Energy Corporation Rosatom.

The Group's stevedoring business includes DeloPorts holding and Global Ports, a leading container terminal operator. The transport and logistics business of the Group is made up of the multimodal transport operator Ruscon and the intermodal container operator TransContainer that owns and operates the largest fleet of containers and flatcars over the entire 1520 standard railway network.

15.03.2021 10:00:00

NUTEP increases its transport equipment

In March 2021, NUTEP (part of DeloPorts, a stevedore asset of the largest transport and logistics holding in Russia, Delo Group) has significantly increased its transport equipment - both in the special vehicle segment and in the segment of railway traction equipment.

In  March 2021, NUTEP (part of DeloPorts, a stevedore asset of the largest transport and logistics holding in Russia, Delo Group) has significantly increased its transport equipment - both in the special vehicle  segment and in the segment of railway traction equipment.

To optimize the containers’ unloading and loading at the berth, NUTEP purchased and is currently putting into operation seven additional specialized Terberg YT222 terminal tractors (maximum carrying capacity 38 tons, engine power 238 hp). The official dealer of Terberg in Russia, Conecranes Demag Rus, provided the equipment for the total cost of 950 thousand euros.

The most important operating condition for NUTEP and KSK (grain terminal, part of DeloPorts) is the uninterrupted supply of loaded and empty wagons along the access railway tracks. To this end, in October 2020, NUTEP entered into an agreement with Transmashholding for 69 million rubles for the construction of a six-axle diesel locomotive TEM-18DM with a capacity of 1200 hp for the needs of both terminals for shunting and removal works . At present, the locomotive has been handed over to the customer and is being put into operation. It must replace the TEM2 diesel locomotive, which is nearing the end of its service life.

Commenting on these events, Igor Yakovenko, Chief Executive Officer of DeloPorts, said: “The purchase of new vehicle  and railway equipment is an integral part of the implementation of a large comprehensive investment project for the reconstruction and expansion of NUTEP and KSK, which we plan to complete this summer with the commissioning of new grain terminal’s capacities. For fast  and high-quality services of our customers in the conditions of increased cargo traffic, there should be enough modern. We have consistently increased our towing fleet by purchasing Delovoy-6, now the time has come for the automobile and rail components".

 

About the Company

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.

Delo Group is the largest transport and logistics holding in Russia, managing sea container terminals in the Azov-Black Sea, Baltic and Far Eastern basins, a network of railway container terminals, a fleet of containers and fitting platforms. The parent company of the Group is LLC MC Delo, 70% owned by the founder of the Group, Sergey Shishkarev, and 30% is owned by State Atomic Energy Corporation Rosatom.

The Group's stevedoring business includes DeloPorts holding and Global Ports, a leading container terminal operator. The transport and logistics business of the Group is made up of the multimodal transport operator Ruscon and the intermodal container operator TransContainer that owns and operates the largest fleet of containers and flatcars over the entire 1520 standard railway network.

01.03.2021

NUTEP terminal set a new record of container handling

In February 2021, the NUTEP container terminal (part of DeloPorts, a stevedore asset of the largest transport and logistics holding in Russia, Delo Group) set a new record, having handed over 51,264 TEUs in a month. 

The previous achievement of March 2020 is surpassed by 746 TEUs. Such figures were achieved thanks to the high quality of customer service and the speed of cargo handling. The reliable reputation of NUTEP among its clients allows the terminal to remain the leader in container turnover among stevedore assets in the Azov-Black Sea basin.

Igor Yakovenko, Chief Executive Officer of DeloPorts noted: “Over the last year we have been developing organizational ties within the Group, in our case, between DeloPorts, TransContainer and Ruscon – to optimize the container cargo turnover. Thanks to the improved synergy, the increase in cargo turnover of the terminal was estimated from the start of 2021. The NUTEP was ready for this».

 

Company information

DeloPorts is a Russian holding company that owns the stevedore assets of Delo Group in the port of Novorossiysk. The structure of assets includes the container terminal «NUTEP», the grain terminal «KSK» and the Service Company «Delo».

Delo Group is the largest transport and logistics holding in Russia, managing sea container terminals in the Azov-Black Sea, Baltic and Far Eastern basins, a network of railway container terminals, a fleet of containers and fitting platforms. The parent company of the Group is LLC MC Delo, 70% owned by the founder of the Group, Sergey Shishkarev, and 30% is owned by State Atomic Energy Corporation Rosatom.

The Group's stevedoring business includes DeloPorts holding and Global Ports, a leading container terminal operator. The transport and logistics business of the Group is made up of the multimodal transport operator Ruscon and the intermodal container operator TransContainer that owns and operates the largest fleet of containers and flatcars over the entire 1520 standard railway network.

25.02.2021

Tugboat «Delovoy-6» passed the blessing ceremony.

On February 23, 2021, at the berth of the NUTEP container terminal, a blessing ceremony of the sixth tugboat in the fleet of Delo Service Company (part of the stevedore holding DeloPorts) took place.

The tugboat “Delovoy-6”, manufactured by Damen Shipyards Group, arrived at the port of Novorossiysk on the BBC ONYX on February 8, 2021.

The blessing ceremony was conducted by Bishop Feognost of Novorossiysk and Gelendzhik.

According to the maritime tradition, Natalia Semevskaya, Deputy Director of the Branch of OOO Delo-Center in the city of Novorossiysk, became the godmother. Natalia Semevskaya has been working in the holding for over 25 years.


About the Company

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.

Delo Group is the largest transport and logistics holding in Russia, managing sea container terminals in the Azov-Black Sea, Baltic and Far Eastern basins, a network of railway container terminals, a fleet of containers and fitting platforms. The parent company of the Group is LLC MC Delo, 70% owned by the founder of the Group, Sergey Shishkarev, and 30% is owned by State Atomic Energy Corporation Rosatom.

The Group's stevedoring business includes DeloPorts holding and Global Ports, a leading container terminal operator. The transport and logistics business of the Group is made up of the multimodal transport operator Ruscon and the intermodal container operator TransContainer that owns and operates the largest fleet of containers and flatcars over the entire 1520 standard railway network.

20.02.2021

Expert RA Improves DeloPorts Rating Outlook

Stevedore holding DeloPorts (part of Delo Group) received an update of the rating of the Expert RA agency at the ruA level with an improved outlook from neutral to positive. 

The agency revised the credit rating of the holding considering the updated methodology, operating and financial performance of the holding in the first 6 months of 2020 and positive expectations of operating and financial results in 2020-2021. The agency notes the absence of recourse on DeloPorts debt obligations, positively assessing the company's operational risk profile.

At the end of 2020, the container turnover of DeloPorts (NUTEP terminal) amounted to 487 thousand TEU, a 30% increase compared to 2019 - with a drop in container handling in all ports of the Russian Federation over the same period by 1% and an increase in the Azov-Black Sea basin - by 3%. DeloPorts increased grain handling (KSK terminal) by 43% to 5.1 million tons due to favorable market conditions and the introduction of additional grain storage capacities.

Expert RA emphasizes the importance of DeloPorts investment projects in building up the capacity of container and grain terminals. The commissioning of a deep-water container berth No. 38, which allows servicing vessels up to 10 thousand TEU, the expansion of the storage areas allowed to expand the terminal's throughput capacity to 700 thousand TEU per year. Among the competitive advantages of DeloPorts, the agency notes the construction of a grain deep-water berth No. 40a at the KSK terminal with the ability to simultaneously receive two vessels and the construction of additional silos, which will make it possible to form larger shiploads.

“The agency's positive outlook reflects our expectations for DeloPorts' operating and financial results for the foreseeable future. Successful implementation of investment projects and competent construction of operational interactions allow us to develop and grow faster than the market.

Deep-water container berth No. 38, commissioned in 2019, has already demonstrated its demand among customers. The deep-water grain berth 40a, scheduled for completion in the summer of 2021, will enable us to provide our customers with a new level of service and speed up the handling of large shiploads. The tugboats fleet of SC Delo received the sixth tugboat, which will allow us to speed up the positioning of vessels and handling of cargo within the holding”, - commented Igor Yakovenko, Chief Executive Officer of DeloPorts.

09.02.2021

Delo Group increased the size of its own tugboats fleet

On February 8, 2021, «Delo» Service Company (part of DeloPorts, a stevedore asset of the largest transport and logistics holding in Russia, Delo Group) replenished its own tugboats fleet with the sixth multifunctional tugboat «Delovoy-6» manufactured by Damen Shipyards Group. The order was completed by the company on time and in full compliance with the terms of reference. At present, the tugboat is being accepted, and then the activities for its commissioning will begin.

The main characteristics of «Delovoy-6» are length - 22.73 m, width - 9.80 m, engine power - 3000 kW or 4080 hp, tugboat type - azimuth.

The increase in the number of the tugboats fleet is part of the ongoing plans to expand the production capabilities of stevedore assets.

Chief Executive Officer of DeloPorts, Igor Yakovenko emphasized: «After the launch of the reconstructed KSK Grain Terminal, scheduled for the summer of 2021, we expect to host grain carriers with a carrying capacity of up to 100 thousand tons. The NUTEP Container Terminal is operating at full capacity. Very soon, we will have to simultaneously moor large vessels at both terminals, so expanding our own tugboat fleet is a logical step towards solving this problem».

In addition to the towing functions itself, «Delovoy-6» is equipped with a fire-prevention system. Now the fleet of SC Delo consists of six powerful tugboats, three of which have a fire class.

03.02.2021

KSK Grain Terminal raised 1.1 billion rubles on preferential terms to complete an investment project

KSK Grain Terminal (KSK, part of DeloPorts, a stevedore asset of the largest transport and logistics holding in Russia, Delo Group) and Alfa-Bank on January 27, 2021 signed an agreement to attract KSK 1.1 billion rubles on preferential terms for the reconstruction of its transshipment facilities.

The implementation of the investment project will allow KSK to increase the terminal's capacity to 7 million tons of grain per year.  At present, the construction of a deep-water grain berth No 40A has been completed in Novorossiysk. Commissioning is scheduled for July 2021.

 The funds are provided as part of the interest rate subsidy program approved by Decree of the Government of the Russian Federation of April 26, 2019 No. 512 "On the provision of subsidies from the federal budget to Russian credit institutions, international financial institutions and the state development corporation “VEB.RF” to compensate for lost income on loans issued to agricultural producers that have entered into agreements on increasing competitiveness ... ". 

The size of the subsidy to Alfa-Bank reaches 90% of the key rate of the Central Bank of Russia.

Igor Yakovenko, Chief Executive Officer of DeloPorts, commenting on the agreement with Alfa-Bank, said: “Feeling the support of the state in the implementation of investment projects that are so important not only for us, but for the entire Russian economic system, we understand that we are part of it, and we do the right thing, we get additional confidence in the timely successful completion of the project.  We thank our partners from Alfa-Bank and look forward to further mutually beneficial cooperation with them".

“Alfa-Bank has been an active participant in Government programs to support Russian manufacturers for many years. We always strive to use every opportunity to support our clients' target projects. We are pleased to contribute to the development of the port infrastructure of DeloPorts for the transshipment of domestic agricultural products” - said Denis Kutasov, Director of Corporate Clients at Alfa-Bank.

About the Company

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. 

Delo Group is the largest transport and logistics holding in Russia, managing sea container terminals in the Azov-Black Sea, Baltic and Far Eastern basins, a network of railway container terminals, a fleet of containers and fitting platforms. The parent company of the Group is LLC MC Delo, 70% owned by the founder of the Group, Sergey Shishkarev, and 30% is owned by State Atomic Energy Corporation Rosatom.

The Group's stevedoring business includes DeloPorts holding and Global Ports, a leading container terminal operator. The transport and logistics business of the Group is made up of the multimodal transport operator Ruscon and the intermodal container operator TransContainer that owns and operates the largest fleet of containers and flatcars over the entire 1520 standard railway network.

15.01.2021

DELOPORTS OPERATING RESULTS FOR 2020

The turnover of DeloPorts terminals, the stevedore asset of the largest Russian transport and logistics holding Delo Group, grew by 36% in 2020 compared to the same period last year due to the growth in grain and container handling, amounting to 11.2 million tons.

In 2020, the container terminal NUTEP (part of DeloPorts) increased its container turnover by 30% in twenty-foot equivalent, handling 486.83 thousand TEUs against the background of a general decrease in container turnover in Russian ports for 2020 by 2.3%. In the 4th quarter of 2020, the growth in container handling by NUTEP in comparison with the same period in 2019 amounted to 22.64%.

Grain handling at the KSK terminal (part of DeloPorts) in 2020 increased by 43% compared to 2019 and amounted to 5.1 mln tons. The terminal set an absolute annual record for handling grain, exceeding the 5 mln tons in December 2020. The volume of cargo handled in the 4th quarter of 2020 increased by 32% compared to the 4th quarter of 2019.

DeloPorts CEO Igor Yakovenko, assessing the positive results of 2020, outlined: “The past year, on the one hand, turned out to be difficult for the country's economy, the enterprises and the entire industries due to the coronavirus pandemic. On the other hand, due to market conditions, there was a sharp increase in container turnover and an increase in the volume of exports of Russian grain. Part of this cargo traffic went through the assets of DeloPorts and we were able to confirm that we were ready for everything in terms of throughput capacities and employees experience. Once again, we were convinced of the expediency and timeliness of the implemented investment projects of DeloPorts. This is especially true of the grain cargo, the transshipment of which at the end of the year for the first time in the history of the KSK terminal crossed the mark of 5 million tons. We were prepared in advance for such a development of events, having put into operation an additional silo park in 2019 and thereby increased the grain storage volume to 220 thousand tons and the annual throughput of the terminal to 6 million tons. The professionalism of our employees and the optimal use of production capacities made it possible in 2020 to successfully handle all the declared grain shipments through the KSK terminal, while setting absolute monthly and annual records. NUTEP also coped with an increase in container turnover by a third, thanks to an increase to 700 thousand. TEUs of the terminal's capacity after the launch of a new deep-water container berth No. 38 in 2019. In 2021, the trend of strengthening the production and human potential of DeloPorts assets will continue, we plan to launch a new grain berth No. 40A and expand the tugboats fleet of “Delo” Service Company with commissioning of the sixth modern tugboat "Delovoy-6".

In 2020, the fleet of Delo Service Company rendered 1,332 mooring services, which is 32% higher than last year's result. Transshipment of general and Ro-Ro cargo in 2020 amounted to 38 thousand tons.

  

 

Cargo type

1Q20

2Q20

3Q20

4Q20

2020

2019

2020/

2019*

Containers

1 498

1 613

1 238

1 733

6 082

4 641

31%

Grain

1 076

800

1 612

1 635

5 123

3 576

43%

General cargo

10

7

1

19

38

44

-14%

Total cargo throughput

2 585

2 420

2 850

3 387

11 243

8 261

36%

including:

 

 

 

 

 

 

 

Containers

(‘000 TEU)

126

128

100

133

487

375

30%


Service type

 

 

 

 

 

 

 

Mooring operations (units)

308

292

313

419

1 332

1 012

32%

 

Turnover ('000 tons) *