FESCO

HMM, FESCO expand cooperation

HMM announced that it will expand cooperation with FESCO.

HMM has been jointly operating a China-Korea-Russia weekly service, under the name of ‘CRN (China Russia North Service)’ with FESCO and CMA CGM.

With the expansion of cooperation, the current CRN will be reorganized and two of new direct services connecting Korea and Russia, named ‘KR2 (Korea Russia Service 2)’ and ‘KRS (Korea Russia Service)’, will be introduced in the service network of HMM.

HMM deploys one vessel (1,000 TEU) on the KR2...

https://container-news.com/hmm-fesco-expand-cooperation/

FESCO to launch intra-Russian rail service

FESCO Transportation Group (FESCO) and Sea Fishing Port Terminal LLC have agreed to develop regular rail container transportation between St. Petersburg and Vladivostok. The parties signed the agreement of intent in the framework of the “TransRussia” forum.

Using the available experience and competence, the companies intend to launch a weekly container service for the delivery of goods between Avtovo station (St. Petersburg) and Vladivostok. In the future, it is planned to expand the geography...

https://container-news.com/fesco-intra-russian-rail-service/

FESCO, RZD Logistics to offer a joint service

FESCO Transportation Group (FESCO) and RZD Logistics JSC have agreed to organize a joint multimodal service for the delivery of containerized cargo from the Asia-Pacific region (APR) to Europe through the Commercial Port of Vladivostok (VMTP, part of FESCO) by the Trans-Siberian railway. The agreement was signed by Alexander Isurin, President of FESCO, and Vyacheslav Valentik, Director General of RZD Logistics JSC, in the framework of the “TransRussia” exhibition.

Using the available experience...

https://container-news.com/fesco-rzd-logistics-joint-service/

FESCO, DB Cargo to develop perishable goods box transportation

FESCO Transportation Group and DB Cargo Russija Co Ltd, a 100% subsidiary of DB Cargo AG, Europe’s leading rail freight carrier, have agreed to develop container transportation of perishable goods between Russia and China through a multimodal route via the Commercial Port of Vladivostok (VMTP, part of the FESCO Group) and direct land services. The agreement was signed by Alexander Isurin, President of FESCO, and Uwe Loyshner, General Director of DB CARGO RUSSIA LLC, in the framework of the...

https://container-news.com/fesco-db-cargo-develop-perishable-goods-box-transportation/

FESCO reports its annual financial results

FESCO’s press release about its financial results:

FESCO Transportation Group (the “Group” or “FESCO Group”) announces its operating and consolidated financial results for the twelve months ended December 31, 2018 based on the management accounts.

Highlights

  • The Group improved its key operating results and also achieved the highest handling volumes in the Port’s history (10.4 million tonnes) while also ramping up the container throughput by 17.7% to 551 thousand TEU.
  • Having developed the...

https://container-news.com/fesco-reports-financial-results/

Record-breaking year for Russia’s Fesco triggers new rail links with China

Russian transport operator Fesco ramped up container throughput in 2018, recording surging financials and record-breaking volumes for the year.
Following the 18% upturn in container volumes, it has announced a cooperation agreement with Russian Export Center (REC) and Rail Cargo Logistics, to boost links between Siberia and China.
The agreement will focus on containerised shipments from Novosibirsk and Krasnoyarsk to China, via railway overland border crossings and the port of Vladivostok.
Rail...

https://theloadstar.com/record-breaking-year-for-russias-fesco-triggers-new-rail-links-with-china/

FESCO sets up a new vessel on China-Russia service

FESCO Transportation Group (FESCO) sets up a new vessel to operate on a regular service FESCO China Direct Line (FCDL), connecting the ports of China and Russian Far East. On February 14, 2019 the container ship FESCO Dalnegorsk moved to operations on this line.

The vessel with deadweight of 42 thousand tons has a container capacity of 3,091 TEU and can carry 500 refrigerated containers at a time. FESCO Dalnegorsk joined FESCO fleet in 2017, and so far it has worked in charter operations with a...

https://container-news.com/fesco-new-vessel-china-russia-service/

FESCO enhances its China-Russia services

FESCO Transportation Group (the Group, FESCO) is launching a weekly container train from Yiwu, a city in Zhejiang province, China, to Moscow via Mongolia, thus expanding the geography of inland services between China and Russia.

The first train with imported cargo was launched on December 29, 2018. It arrives at its destination on January 11, 2019. The total tranzit time is 14 days, which is 3 times faster than through the Suez Canal.

The route passes through the border crossings of Erlian /...

http://container-news.com/fesco-china-russia-services/

TransContainer acquires 25% of FESCO

FESCO Transportation Group (“FESCO”, the “Group”) announced yesterday (Oct. 23) that the Group’s companies have completed the sale of their 25.1% stake in PJSC TransContainer. 24.8% of the TransContainer stock was purchased by VTB Bank, another 0.3% was purchased by a third-party investor.

The funds received from the deal will be allocated for reduction of the Group’s indebtedness, including the repayment of REPO loan which was secured against the TransContainer stake.

“The sale of our stake in...

http://container-news.com/transcontainer-acquires-25-fesco/

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