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.
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.
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. The fourth tug boat is scheduled for delivery in 2018. The delivery of tug boats was carried out as part of a previously signed agreement with the Dutch company Damen Shipyards Group.
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
01.11.2017
RECORD MONTHLY GRAIN THROUGHPUT
In October 2017, KSK grain terminal handled more than 560 thousand tonnes which sets a new monthly record for the terminal.
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.
19.10.2017
RAEX (EXPERT RA) ASSIGNED ruA+ RAITING TO DELOPORTS
OOODeloPorts(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.
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”. 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.
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 |
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 http://deloports.ru/upload/medialibrary/2cd/tekh-zadanie-skd-ovos-2017.jpg
12.09.2017
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".
29.08.2017
• 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:
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.”
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 |
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.
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".
06.06.2017
RECORD MONTHLY CONTAINER THROUGHPUT
In May 2017, NUTEP handled 35,600 TEU, a monthly record for the terminal.
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.
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% |
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
• 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%)
• 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
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.
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
03.04.2017
RECORD MONTHLY CONTAINER THROUGHPUT
In March 2017, NUTEP handled 31,034 TEU, a monthly record for the terminal.
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.