FESCO moves record amounts of boxes as Vladivostok suffers from Russia market dip

VLADIVOSTOK, RUSSIA-SEPTEMBER 29, 2019: Industrial landscape with a view of the commercial port on the background of the city.

Russian intermodal transport operator FESCO achieved record traffic volumes of 144,000 TEU on international lines in the first half of the year.

As per results of H1 2022, the record numbers were produced by its lines from countries of Southeast Asia to the Far East. The 144,000 TEU is a 21 per cent cumulative increase compared to 2021.

FESCO also achieved record volumes of refrigerated cargo transportations. Total volume amounted to 19,000 TEU, which is 35 per cent higher than in 2021.

In terms of its operational performance, the group posted a decline in transshipment volumes in Commerical Port of Vladivostok (CPV) to the amount of 345,000 TEU, a year-on-year decrease of 5 per cent over 2021’s levels.

READ: FESCO launches St. Petersburg – Chita/Blagoveshchensk rail service

Transshipment of containers in CPV decreased by 5 per cent due to withdrawal of major international line operators from the Russian market, FESCO wrote in its release.

Intermodal transportations also came to 244,800 TEU, an increase of 10 per cent over the 222,100 TEU over the first half of 2021. The company achieved due to development of geography of transportations, increase of container fleet and fitting platforms.

The company’s EBITDA finished in the amount of 37,969 million rubles (US$630,000), which is more than double the level of the same period in 2021.

In its asset investment, the total container fleet in operation has been increased by 3,184 units; and the fleet of fitting platforms has been replenished with 1,723 units of 80-foot platforms.

FESCO reported $1.3 billion in revenue in 2021.

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