FESCO increased its market share on export-import sea container service lines through Russian Far East to 45.9%
FESCO increased its market share on the export-import sea container service lines through the Russian Far East to 45.9%, the Group’s press center says.
Besides, FESCO remains the largest port operator in the Far East basin by import container handling with market share of 34.7%.
Drop of import to Russia resulted in the decrease of export-import sea container transportation volumes and intermodal volumes. In 1H2015,export-import sea container volumes decreased by 16.8% YoY to 168.4 thousand TEU, while intermodal container transportation decreased by 8.9% YoY to 107.0 thousand TEU.
Domestic sea container transportation decreased by 4.3% YoY in 1H2015 to 26.9 thousand TEU.
FESCO Transportation Group is one of the leading privately-owned transportation and logistics companies in Russia with operations in ports, rail, integrated logistics and shipping business. Diversified but integrated asset portfolio enables FESCO to provide door-to-door logistics solutions and control almost all steps of the intermodal transportation value chain. FESCO Group owns Commercial Port of Vladivostok OJSC, railway operator Transgarant, and Russkaya Troyka (50% joint venture with Russian Railways OJSC). FESCO operates a container park of over 36,000 containers and a fleet of 22 vessels, mostly deployed through own sea service lines, and 4 icebreakers leased under long-term contracts.