Fesco will expand its fleet with three vessels by the end of 2022

The company’s fleet will consist of 25 units

Fesco will expand its fleet with three ships by the end of 2022, IAA correspondent PortNews quoting Arkady Korostelyov, chairman of the board of Fesco, told reporters from the Eastern Economic Forum.

“The investment program provides for the purchase of 10 to 15,000 additional TEUs. The same goes for the fleet. It currently has 22 ships and hopefully we will have 25 by the end of the year,” he said, pointing out that the ships will be around 10 years old with a capacity of 1-2,000. TEUs.

According to Arkady Korostelyov, the purchase price has doubled since the beginning of the year.

Fesco’s container fleet totals 110,000 TEUs, he added.

FESCO Transportation Group is one of the leading public transport and logistics companies in Russia with operations in ports, rail, integrated logistics and maritime activities. A diversified yet integrated portfolio of assets enables FESCO to provide door-to-door logistics solutions and control nearly every stage of the intermodal transport value chain. FESCO controls the commercial port of Vladivostok, rail operators Transgarant and Dalreftrans, container platform operator Russkaya Troyka, dry terminals in Novosibirsk, Khabarovsk and Tomsk. FESCO operates more than 110,000 containers and approximately 9,000 container platforms. FESCO’s fleet consists of 22 vessels deployed mainly on its own maritime service lines.