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Russia's Fesco's first half container volume declines 28pc to 174,570 TEU
RUSSIA's Fesco, a major intermodal transport concern, declared that its port division suffered a 28 per cent decline in first half year-on-year container throughput to 174,570 TEU while general cargo volumes fell 17.2 per cent to 1.05 million tonnes.
Fesco, with its ports, rail, integrated logistics and shipping business, blamed the disappointing performance on "negative market trends', reported St Petersburg's PortNews.
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, said the report.
Fesco Group owns the Commercial Port of Vladivostok OJSC, railway operator Transgarant, and Russkaya Troyka (50 per cent joint venture with Russian Railways OJSC).
It operates a container park of over 36,000 containers and a fleet of 22 vessels, mostly deployed through own sea service lines and four icebreakers leased under long-term contracts.
Fesco, with its ports, rail, integrated logistics and shipping business, blamed the disappointing performance on "negative market trends', reported St Petersburg's PortNews.
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, said the report.
Fesco Group owns the Commercial Port of Vladivostok OJSC, railway operator Transgarant, and Russkaya Troyka (50 per cent joint venture with Russian Railways OJSC).
It operates a container park of over 36,000 containers and a fleet of 22 vessels, mostly deployed through own sea service lines and four icebreakers leased under long-term contracts.
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