Tag Archives: fesco

Seasonal service for the delivery of goods from the Chinese port of Fuyuan to Khabarovsk launched

August 23 2022

River vessels depart in export and import directions once a week

The FESCO transport group has launched the FESCO Amur River Bridge (FARB) seasonal service to deliver cargo from the Chinese port of Fuyuan to Khabarovsk along the Amur River. The navigation period will last until October inclusive, the press service of the group reports.

The first cargo ship left the port of Fuyuan on August 17, 2022. The estimated voyage time is 6 hours. River vessels depart in export and import directions once a week.

FESCO Transport Group is one of the largest private transport and logistics companies in Russia with assets in the field of port, railway and integrated logistics business. The Group owns the Vladivostok Commercial Sea Port, the railway operators Transgarant and Dalreftrans, the operator of fitting platforms Russkaya Troika, dry terminal complexes in Novosibirsk, Khabarovsk and Tomsk. The group manages about 9 thousand fitting platforms, the fleet of containers is more than 100 thousand TEU. The FESCO fleet includes 21 transport vessels, which mainly carry out transportation on their own sea lines.

Source: https://portnews.ru/news/334272/

Vladivostok Seaport Optimistic with Container Turnover in 2022

April 13 2022   

After the departure of foreign companies, the number of FESCO ship calls increased

PJSC “Vladivostok Commercial Sea Port” (VMTP), part of the FESCO Transportation Group plans to process 757 thousand TEU in 2022, said Mrs. Elena Kazarina, Director of VMTP Commercial Department. According to her, in the I quarter of 2022, the port container turnover grew by 10%.

“We plan to handle the same volume of cargo in TEU as in 2021 (757 thousand TEU – ed. note), there is a drawdown for a certain period of time, but by the end of the year it can be made up. The processing of the ships in the port has increased,” added Mrs. Kazarina.

The total cargo turnover of VMTP in 2021 increased by 16% (in tons) compared to the level of 2020: cargo transshipment amounted to 13.3 million tons, container turnover – 757 thousand TEU (+13%).

PJSC “Far Eastern Shipping Company” is the parent company of the FESCO group, a private transport and logistics company in Russia with assets in the field of port, railway and integrated logistics business. The Group owns VMTP, the railway operator “Transgarant”, and a 50% stake in the fitting platform operator “Russkaya Troika” (a joint venture with “Russian Railways”). FESCO manages about 36 thousand containers. The group’s fleet includes 20 transport vessels.

The main indirect shareholders of FESCO are Mr. Andrey Severilov – 23.8% of shares, Mr. Mikhail Rabinovich – 26.5%, Mr. Ziyavudin Magomedov – 32.5%. About 17% of the shares are owned by other minor shareholders or are in free float.

Source: https://portnews.ru/news/328024/ 

Containers have risen in price extremely

February 14 2022

The sharp rise in the value of assets in multimodal logistics over the past year – containers, flatcars, ships and port equipment – is forcing a number of industry participants to reduce investments. Other players note that borrowings have doubled in price, which increases the cost of maintaining equipment purchased on lease or on credit. Analysts state that the market is close to overheating.

The market expert told to “Kommersant” that in linear logistics, containers have risen in price 1.8 times, up to $6.7 thousand for a forty-foot container, rail platforms – by 27%, up to 3.7 million rubles for an 80-foot platform, container ships – more than four times. At the same time, he noted, only platforms are actually available in Russia, all other assets are bought abroad. “In terminal and port logistics, asset prices have grown by about 20-30% of their actual value,” he sayd. “All this hinders development, leads to higher rates for logistics services. For our part, we are not ready to buy ports and terminals at such high prices.”

All the market participants interviewed by “Kommersant” observe the increase in price, however, some argue with the thesis about the protective effect of increased prices. “Indeed, the value of assets – ships, railway platforms, containers – is increasing at a double-digit pace, which hinders the development of the logistics market in Russia and ultimately leads to an increase in rates for logistics services,” sayd Maxim Shishkov, “FESCO” Strategy and Development Director.

“The situation with assets last year was tense, and it remains so,” noted Vyacheslav Saraev, General Director of “RZhD Business Active”. In general, we have a large program to increase our assets to ensure obligations to customers, we plan to purchase up to 10,000 containers and about 1,000 platforms this year. We count on already concluded long-term contracts of three or more years with a fixed rate. Of course, we have to start a dialogue with contractors, given the price dynamics in the market.” The increase in the Central Bank’s rate also has a negative impact, added Mr. Saraev.

“Delo Group” noted that it is necessary to separate the global and local equipment markets. Thus, the container market is global, about 40% of the increase in the price of equipment is due to the price of metal, and everything else is a speculative factor associated with the high demand for containers amid the disruption of global supply chains due to the pandemic.

Port equipment, as a rule, is ordered under long-term contracts, and the speculative factor does not play a significant role, since the implementation period for infrastructure projects is years, not months. According to a representative of “Delo Group”, market participants are facing interruptions in the supply of certain types of equipment, for example, reachstackers (mobile loaders for containers), but they were associated with a global shortage of chips common to the entire mechanical engineering industry.

At the same time, the platform market is local, and all 20% of the growth accounts for the growth in the cost of the metal. One of “Kommersant”’s interlocutors on the market says that a twofold increase in the refinancing rate is a more important factor for the market than a speculative markup, which sharply increases the cost of leasing for operators that do not have their own rolling stock.

There is a feeling that in 2022, after large-scale purchases of the previous year, the market may overheat, said Mikhail Burmistrov, head of “Infoline-Analytics”. There are no prerequisites for logistics equipment to become cheaper, prices, on the contrary, tend to increase, while return on assets has slowed down. According to him, the actual rise in prices is not so fundamental, since it is offset by a steady increase in demand due to an increase in container traffic, especially transit.

A more important problem, Mr. Burmistrov agreed, is the rising cost of borrowing, which makes buying equipment on lease or on credit less attractive. In March 2021, the key rate of the Central Bank of Russia was 4.25%, now it is 9.5%, he recalls, and the growing level of interest rates on leasing and loans is putting pressure on companies’ expenses. On February 11, the head of the Central Bank, Elvira Nabiullina, did not rule out the possibility of raising the key rate to a two-digit level this year.

Source: https://portnews.ru/digest/23004/ 

FESCO ‘Viking’ Delivered Equipment for Akkuyu NPP in Turkey

January 19 2022

The FESCO transport group organized the delivery of heavy equipment for the construction of the Akkuyu nuclear power plant (NPP) in the Republic of Turkey. Cargo ship “Viking” with eight sets of hydraulic tanks of the passive core flooding system (one of the most important elements of the NPP safety system) weighing 83 tons each and the upper unit with a reactor cover weighing 104 tons arrived from the port of Rostov-on-Don to the cargo terminal Vostochny at the beginning of January 2022. The total weight of the delivered cargo was 948 tons. 

FESCO specialists, with direct participation and control by specialists of the department of transport and warehouse logistics and customs clearance of “AKKUYU NUCLEAR JSC” (a subsidiary of the “Rosatom” State Corporation, is responsible for the construction and subsequent operation of the Akkuyu NPP), ensured the transshipment of cargo items from the ship to vehicles using two mobile cranes Liebherr LG-1750 with a lifting capacity of 750 tons and Liebherr LTM-1120 with a lifting capacity of 120 tons, as well as transportation and placement of equipment in temporary storage facility at the NPP construction site.

In September 2021, within the framework of the Eastern Economic Forum, FESCO and “AKKUYU NUCLEAR JSC” entered into an agreement for the provision of a range of logistics services at the Vostochny terminal for handling cargo delivered by sea as part of the NPP construction project. According to the agreement, FESCO acts as a logistics operator for the Vostochny cargo terminal.

Akkuyu NPP is the world’s first project in the nuclear industry implemented by “Rosatom” according to the BOO (build-own-operate) model. The Akkuyu NPP project includes four power units with Russian VVER generation III+ reactors with increased safety and improved technical and economic characteristics. The capacity of each NPP power unit will be 1,200 MW.

FESCO Transport Group is one of the largest private transport and logistics companies in Russia with assets in the field of port, rail and integrated logistics business. FESCO’s diversified portfolio of assets allows for door-to-door delivery of goods and control of all stages of the intermodal transport chain. The Group owns the Commercial Sea Port of Vladivostok, the railway operators “Transgarant” and “Dalreftrans”, dry terminal complexes in Novosibirsk, Khabarovsk and Tomsk. The Group manages more than 8,000 fitting platforms, and container assets of more than 100,000 TEU. The FESCO fleet includes 21 transport vessels, which mainly carry out transportation on the company’s sea lines.

Source: https://portnews.ru/news/324038/

FESCO Started Seasonal Cargo Transportation to Chukotka

August 3, 2021

FESCO has started seasonal cargo transportation from the ports of China and the USA to Chukotka as part of the FESCO “Arctic Line” (FAL) container liner service.

The first ship departed on August 1 on the route Taitsang (PRC) – Provideniya – Pevek – Provideniya – Yantai (PRC). It will transport over 14 thousand tons of cargo, reported the FESCO press service. The operation of the line will be provided by multipurpose ice-class vessels ‘FESCO Ulysses’ and ‘FESCO Paris’, which will make four voyages from July to October inclusively and will deliver about 45 thousand tons of cargo. In China, the ports of call of the line are Qingdao, Taitsang and Yantai, in the USA – Everett, and in the Far East of the Russian Federation – Provideniya, Pevek, Vladivostok, Vostochny.

More than 1 thousand TEUs, as well as about 10 thousand tons of flotation concentrate was transported in 2020 in the framework of FAL. It complements the existing service of the FESCO “Anadyr Direct Line” (FADL), connecting the port of Vladivostok with the ports of Chukotka – Anadyr and Egvekinot.

FESCO Transportation Group Is one of the largest private transport and logistics companies in Russia with assets in the port, railway and integrated logistics business. FESCO’s diversified portfolio of assets allows for door-to-door delivery of goods and controls all stages of the intermodal transport chain. The group owns the Vladivostok Commercial Sea Port, the “Transgarant” railway operator, and the “Russian Troika”, an operator of fitting platforms. FESCO operates dry terminal complexes in Novosibirsk, Khabarovsk and Tomsk. The Group manages about 50 thousand containers; the fleet of fitting platforms is more than 7 thousand units. The Group’s ship assets include 18 transport vessels, which mainly operate on its own sea lines.

Source: https://portnews.ru/news/316546/