New cargo motorship FESCO-Altay built in China to the order of the Far East Shipping Company (FESCO) has finalized its sea trials, Veronika Kazakova, the company’s press secretary told Tuesday, RIA Novosti reports. The vessel is currently under technical finishing.
The FESCO-Altay container ship is to enter FESCO’s fleet on January 10. It is the forth vessel built to the order of FESCO at Chinese yard Jinling. The contract implies construction of six containerships. Kazakova says the vessel’s container capacity is 1,100 TEU.
In 2006, FESCO’s investments into construction and modernization of its vessels totaled $270 million. $400 million is planned to be invested within three coming years.
The sea shipping company also signed contracts with Schetsin shipyard (Poland) on the construction of two new series of vessels including three 1,700 TEU containerships and four 3,100 TEU containerships. All the vessels are to enter FESCO’s fleet before the end of 2009, which is to increase the fleet’s container capacity to 50,000 TEU.