- Business
- PJSC Novorossiysk Commercial Sea Port (NCSP Group) operates as Russia's leading stevedoring company and Europe's third-largest port operator by cargo turnover, providing comprehensive port infrastructure and handling services at the Port of Novorossiysk on the Black Sea, Port of Primorsk on the Baltic Sea, and Port of Baltiysk in Kaliningrad. The company offers stevedoring services for loading and unloading oil, oil products, other liquid cargoes, dry bulk cargoes including grains, coal, mineral fertilizers, metals, timber, chemicals, and general cargo; container and passenger terminal operations; fleet services such as tug, towing, and mooring; additional port services encompassing freight forwarding, storage, customs documentation, repacking, ship repair, maintenance, fuel bunkering, and emergency response including hazardous materials handling, oil spill containment, and waste management; as well as rental and resale of energy and utilities. Founded in 1845 and headquartered at 14 Portovaya Street in Novorossiysk, Krasnodar region, Russia, NCSP primarily serves export and import trade routes connecting Russia to Europe, the Middle East, North Africa, Southeast Asia, North and South America, with Transneft as its largest shareholder and the Russian government holding 20% of shares; the group handled 130.9 million tonnes of cargo in 2024, representing about 13-18% of Russia's total seaport turnover. In 2024, NCSP commenced construction of a new mineral fertilizer terminal at Novorossiysk seaport as part of its investment program totaling 3.013 billion rubles, while advancing a development strategy targeting cargo turnover growth to 168 million tonnes by 2030 through transshipment capacity expansion by 27 million tonnes annually and rail handling to 73.4 million tonnes; the company reported a 1.6% decline in net profit to $280.47 million for the first half of 2025 amid operational challenges including Ukrainian drone and missile attacks on port facilities in November 2025 that temporarily halted oil loadings.