EXPERT RA: CONFIRMATION OF RATING DELOPORTS
THREE MILLIONTH CONTAINER AT THE NUTEP TERMINAL
On October 6, the NUTEP Container Terminal handled the three millionth TEU since the terminal started operations in 2004.
The jubilee container was transshipped from the Maersk Batam vessel to the new deep-water berth No. 38. The company completed its construction in the summer of 2019. Ocean-class container vessels up to 10 thous. TEUs can be received at the new berth.
Since the launch, over 35 thous. TEUs have already been handled at the deep-water berth No. 38. The NUTEP container turnover of in 9 months of 2019 reached 266,458 TEUs.
OOO NUTEP container terminal is a modern container terminal of the holding company DeloPorts which handles container, general and Ro-Ro cargo in Novorossiysk sea port. NUTEP key clients are the world’s biggest container lines.
DeloPorts is a holding company that owns and operates stevedore assets of Delo Group in the Port of Novorossiysk. DeloPorts consolidates the NUTEP Container Terminal, the KSK Grain Terminal and the Service Company “Delo”.
DEEP-WATER BERTH NO. 38 OF DELO GROUP PUT INTO OPERATION
On August 30, 2019 the unique deep-water berth of Delo Group of companies was opened at the container terminal NUTEP, located in the South-Eastern cargo district of the port of Novorossiysk.
The construction of the berth was completed in July 2019. The opening procedure took place after completion of all commissioning works of high-tech equipment manufactured by ZPMC, which was delivered and installed on the berth of the NUTEP terminal in spring 2019. 3 STS cranes, 4 RTG cranes and 2 reach stackers were delivered for the new deep-sea container berth.
Berth No. 38 has no analogues on the Black Sea coast. It is able to receive container vessels with capacity to 10,000 TEUs. As a result of the commissioning of the deep-water berth, the throughput capacity of the container terminal of Delo Group increased up to 700,000 TEUs.
The main characteristics of berth No. 38: berth length - 390 m, berth width - 113 m, berth depth - 15 m, storage capacity on the berth - 3,080 TEUs, berth area - 4 ha.
Sergey Shishkarev, President of Delo Group, pointed the strategic importance of this project: “Berth No. 38 at the NUTEP container terminal is not only additional throughput capacity of our deepwater terminal in Novorossiysk, but also an increase in transport potential in the South of Russia.”
The CEO of DeloPorts Igor Yakovenko commented on the completion of the investment project: “The construction and commissioning of a new deep-water berth at the NUTEP container terminal is one of the Group’s largest projects in recent years. The total investment amounted to 125 million dollars. The increase in capacity and the use of new equipment will allow our customers to expand their opportunities to work on the Group’s leading asset.
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.
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.
Customers of the DeloPorts container terminal are large international container lines such as Maersk, MSC, Hapag-Lloyd, Cosco, CMA-CGM, ONE, Evergreen, Yang-Ming.
NUTEP CONTAINER TERMINAL RECEIVED VESSEL THAT CARRIED EQUIPMENT FOR FORMULA 1 VTB GRAN PRIX RUSSIA 2019
On the 20th of August 2019 a vessel FRITZ REUTER arrived at NUTEP Container Terminal with five 40-foot containers of Hapag-Lloyd that carried the cargo for the Russian stage of Formula 1. The containers were shipped from Genoa and carried the equipment for the Sauber team motorhome and the equipment for Pirelli – official supplier of tires for the participating teams.
The first containers for Formula 1 participants opened a series of container deliveries for Formula 1 that will arrive at NUTEP till mid-September. DHL is the international logistics provider of Formula 1.
NUTEP is a container terminal of Delo Group, part of DeloPorts holding company. The terminal handles containers, general and Ro-Ro cargo in the port of Novorossiysk. The annual throughput capacity of NUTEP is 700,000 TEU.
DELOPORTS 1H 2019 OPERATING RESULTS
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)
Cargo type |
1Q 19 |
2Q 19 |
|
1H 2019 |
1H 2018 |
1H 2019/ 1H 2018* |
Containers |
1,108 |
1,030 |
|
2,138 |
1,995 |
7% |
Grain |
684 |
388 |
|
1,072 |
2,349 |
(54%) |
General cargo |
19 |
9 |
|
28 |
1 |
2,700% |
Ro-Ro |
3 |
3 |
|
6 |
7 |
(14%) |
Total cargo throughput |
1,814 |
1,432 |
|
3,246 |
4,352 |
(25%) |
including: |
|
|
|
|
|
|
Containers (‘000 TEU) |
100 |
87 |
|
187 |
186 |
1% |
Ro-Ro (‘000 units) |
0 |
1 |
|
1 |
2 |
(50%) |
Service type |
|
|
|
|
|
|
Bunker fuel sales (‘000 t) |
17 |
8 |
|
25 |
27 |
(7%) |
Moring operations (units) |
227 |
220 |
|
447 |
457 |
(2%) |
Agency service (units) |
36 |
27 |
|
63 |
113 |
(44%) |
* Minor deviations in the calculation of the percentage changes in this press release are due to rounding.
EQUIPMENT FOR NEW DEEPWATER BERTH 38 ARRIVED AT NUTEP
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%.
DELOPORTS IFRS FINANCIAL RESULTS FOR 2018
- Consolidated revenue RUB 11,919 mln (+35.6%)
- Consolidated EBITDA RUB 8,781 mln (+44.4%)
- EBITDA margin 73.7% against 69.2% in 2017
- Operating cash flow RUB 6,810 mln (+36.9%)
- CAPEX RUB 4,562 mln (+36.9%)
- Net debt RUB 19,333 mln (x3 increase compared to 31 December 2017)
- Net debt/EBITDA 2,2x versus 1,0x as of 31 December 2017
- Total volume of cargo handling 8.7 mln tonnes (+13%)
- Grain handling volume 4.8 mln tonnes (+14.3%)
- Container throughput 333 thous. TEUs (+10%)
- Since March 2018 all vessels handled at DeloPorts terminals are served by own tug boats
- The monthly record of container handling established in December 2018 with 45,089 TEUs
- Contracts for the 5th and 6th tugboats signed with Damen Shipyards Group.
- In 2018 the Company reached the maximum revenue and EBITDA in all its history.
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
FITCH AFFIRMS DELOPORTS RATING AT 'BB-' WITH STABLE OUTLOOK
DELOPORTS AND RUSCON AT CAREER FAIR OF ADMIRAL USHAKOV MARITIME STATE UNIVERSITY
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.
DELO GROUP – TITLE SPONSOR OF THE WOMEN’S EHF CHAMPIONS LEAGUE
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.
SC DELO TUGBOATS BLESSING CEREMONY
DELOPORTS 2018 OPERATING RESULTS
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 )
Cargo type |
1Q18 |
2Q18 |
3Q18 |
4Q18 |
|
2018 |
2017 |
2018/2017 |
Containers |
1 109 |
887 |
685 |
1 121 |
|
3 802 |
3 326 |
14% |
Grain |
1 259 |
1090 |
1230 |
1 216 |
|
4 795 |
4 216 |
14% |
General cargo |
0 |
1 |
44 |
39 |
|
84 |
132 |
(36%) |
Ro-Ro |
4 |
3 |
1 |
1 |
|
9 |
37 |
(77%) |
Total cargo throughput |
2 372 |
1 981 |
1 961 |
2 376 |
|
8 690 |
7 712 |
13% |
including: |
|
|
|
|
|
|
|
|
Containers (‘000 TEUs) |
107 |
79 |
54 |
93 |
|
333 |
304 |
10% |
Ro-Ro (‘000 units) |
1 |
0 |
0 |
0 |
|
1 |
11 |
(90%) |
Services |
|
|
|
|
|
|
|
|
Bunkering fuel sales (‘000 tonnes) |
13 |
14 |
16 |
14 |
|
56 |
62 |
(9%) |
Agency services (units) |
54 |
59 |
84 |
58 |
|
255 |
194 |
31% |
Mooring operations (units) |
226 |
231 |
246 |
256 |
|
959 |
3 |
31 866% |
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.