FESCO creates new deepsea links

In February of this year alone, Russia’s container market rose by 23.5 per cent year-on-year to 533,000 TEU. The preceding month also saw growth.

Russia’s FESCO Transportation Group is expanding its services to Africa and strengthening its position in the Indian Ocean

The Kremlin has passed the shares confiscated from FESCO Transportation Group’s private owners to the Rosatom State Nuclear Energy Corporation, which is in charge of developing the NEA trans-Arctic corridor; FESCO’s raft of agreements with Chinese transport and logistics companies

CMA CGM, the world’s third largest transport and logistics operator, has sold its 50% stake in Logoper, a top 5 Russian container carrier, for €1

Russia’s FESCO Transportation Group has increased the number of ships it operates to 24 under its fleet expansion and upgrading programme

The war waged by the Kremlin in Ukraine has led to increasing self-isolation of Russia’s state-run and private businesses