FESCO Transportation Group (FESCO) has announced its plans to increase the total area of container warehouse in Commercial Port of Vladivostok (CPV) by 20 per cent by 2025.
The first stage of warehouse expansion was the launch of a new production site “Warehouse 81” of 13,500 square metres and an operational capacity of 1,113 TEU within the territory of CPV.
Increasing the container capacity comes as part of the development strategy of CPV which has been approved by the Board of Directors of FESCO.
The development strategy of CPV also includes the introduction of modern IT infrastructure, modernisation of warehouses, railway infrastructure, and sea berths as well as purchase of new equipment.
At stage one of this strategy in 2023, the port will purchase 10 RTG cranes, six reach stackers, four reach trucks, one track mobile and 19 tractors with semi-trailers.
By 2025 the port plans to purchase 170 units of machine equipment.
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“FESCO Group pays close attention to strategic development of Commercial Port of Vladivostok and, first of all, to increasing its capacity,” said Andrey Severilov, Chairman of the Board of Directors of FESCO.
“We are implementing an ambitious programme aimed at expanding and optimising container areas of the port so that by the end of 2023 CPV could process 840,000 TEU and in the future reach figures of 1 million TEU.”
In November of last year, FESCO announced plans to open a new shipping service from Alexandria Port to the Port of Novorossiysk.