Container throughput of FESCO Group up 7.7% to 513,581 TEUs in 2014
Container throughput of FESCO Transportation Group was up by 7.7% YoY to 513,481 TEU in 2014 driven mostly by export volumes growth of 11.8% YoY and import growth of 8.3% YoY as a result of continued growth of international trade between Russia and Asia. In 4Q2014, container throughput was up by 3.8% driven by export with import being approximately flat.
Growth of general cargo volumes by 16.7% YoY to 2,297 thousand tons driven primarily by an increase in export volumes due to RUB devaluation. The ferrous metals, non-ferrous metals and chemicals were the major growth cargoes. In 4Q2014, general cargo throughput was up by 14.7% YoY to 511 thousand tons.
FESCO controls the Commercial Port of Vladivostok which has throughput capacity of 3.9 million tons of general cargo and oil products, 150,000 vehicles and over 600,000 TEU of containers. FESCO is among the 10 largest Russian private rail operators, providing services under «Transgarant» (100% subsidiary of FESCO) and «Russian Troika» (50% joint venture with JSC Russian Railways) brands. «Transgarant» operates a fleet of 16.6 thousand units of rolling stock, while «Russian Troika» operates a fleet of 1.7 thousand container platforms. FESCO has a fleet of 22 vessels, mostly deployed through own sea service lines, and 4 icebreakers leased under long-term contracts.
