Net income of JSC Far East Shipping Company (FESCO, of Transport Group FESCO) for the 9 months period of 2010, ended Sept, 30 amounted to 742,285,000 rubles (according to Russian Accounting Standards), a 41.5-percent decline as compared with the last year’s results, the FESCO’s financial statement said. Revenues of FESCO also fell by nearly 4.6% to $ 2,334,061,000 rubles.
The nine-month decline of revenues from the Company's cargo shipping and of the cost of fleet operation by 13.5% was primarily due to the reduction of the Group’s fleet, the report said.
The Vladivostok-based JSC Far East Shipping Company is a Transport Group FESCO’s shipping asset, a shipping company and carrier of bulk and general cargoes. Seaborne cargo shipments by the company’s fleet, consisting of 67 vessels of total 900,000 DWT, cover the entire world ocean.
FESCO Transport Group is a leading Russian integrated transport and logistics company offering its customers a full range of services for ‘door-to-door’ cargo delivery with its own transport facilities to ensure guaranteed quality and reliability of services.
The Group owns a fleet of deadweight of over 800,000 tons, while container capacity is 17,000 TEUs. FESCO Group also manages a diversified fleet of its own railway rolling stock of over 17,000 units. The Group’s container fleet is about 50,000 TEUs. The aggregate capacity of the port facilities is 250,000 TEUs and 7.5 million tons of general cargo.
The nine-month decline of revenues from the Company's cargo shipping and of the cost of fleet operation by 13.5% was primarily due to the reduction of the Group’s fleet, the report said.
The Vladivostok-based JSC Far East Shipping Company is a Transport Group FESCO’s shipping asset, a shipping company and carrier of bulk and general cargoes. Seaborne cargo shipments by the company’s fleet, consisting of 67 vessels of total 900,000 DWT, cover the entire world ocean.
FESCO Transport Group is a leading Russian integrated transport and logistics company offering its customers a full range of services for ‘door-to-door’ cargo delivery with its own transport facilities to ensure guaranteed quality and reliability of services.
The Group owns a fleet of deadweight of over 800,000 tons, while container capacity is 17,000 TEUs. FESCO Group also manages a diversified fleet of its own railway rolling stock of over 17,000 units. The Group’s container fleet is about 50,000 TEUs. The aggregate capacity of the port facilities is 250,000 TEUs and 7.5 million tons of general cargo.