Novorossiysk Commercial Sea Port has posted operational update for January-November 2020. The aggregate throughput of the group made 101.4 mn tons, 21.2% below the result for the same period of 2019.
Liquid bulk, which accounts for some 79.5% of the total throughput, declined by 23.6% year-on-year to 80.6 mn tons. Crude oil traffic dropped by 31.5% to make 50 mn tons, much due to the pandemic and the decision to cut production by the OPEC+ members.
Dry cargo throughput decreased by 10.3% down to 20.8 mn tons, including 6.4 mn tons of solid bulk, which grew by 9.6% partly compensating for a 16.3% decline in ferrous metals down to 8.7 mn tons.