FESCO spreads its wings

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.

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

Sanctions against Russia all but halted container trades linking Russia’s Baltic and Black Sea ports with Europe, so FESCO has created new links with friendly or “agnostic” countries

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