• 2020 June 2 11:22

    Financial and operating results of FESCO Transportation Group for 2019

    FESCO Transportation Group announces its operating and consolidated financial results for the twelve months ended 31 December 2019. The Group also informs that all audit procedures regarding 2019 IFRS consolidated financial statements have been completed.

    The Group reports an expansion across its core business lines, with intermodal transportation on the East–West route increased to 46% and handling in Russia’s Far East via Commercial Port of Vladivostok (the “Port”) to 44%:

    intermodal transportation grew to 344 thousand TEU (up 14% YoY);

    handling volumes at the Port reached an all-time high, with 11.5 million tonnes of cargo handled in 2019 (up 10% YoY), including record-breaking 625 thousand TEU of containers and 5.1 million tonnes of general cargo.

    The Group reduced delivery time for cargoes along the key Shanghai–Moscow route to 24 days, two times faster than the sea route via the Suez Canal.

    Together with RZD Logistics, the Group launched Trans-Siberian Landbridge, a joint service for express delivery of transit cargoes from the Asia Pacific to Europe via Vladivostok over the Trans-Siberian Railway.

    In line with its strategy of expanding its land network, FESCO introduced railway routes from China to Russia via Mongolia, from Russia to China via the Grodekovo/Suifenhe land border crossing and China-to-Germany and return transit trains via Kaliningrad and Germany-to-China transit trains via the Far East.

    The Group launched an intermodal container service for cargo delivery from Russian cities to the Kuril Islands via the Far East.

    FESCO introduced new container trains for deliveries across Russia – from Yekaterinburg to St Petersburg and from St Petersburg to Novosibirsk.

    The Group’s net debt / EBITDA ratio decreased to 3.7x (excluding IFRS 16 impact).

    The Group sold its non-core assets – all gondola cars and pellet hoppers and part of the old fleet. FESCO also entered into a preliminary sales and purchase agreement for the grain transportation business (TRANS-GRAIN and related assets).

    FESCO signed a contract to procure five cranes for the Port, purchased two container vessels, concluded a contract for an ice-class universal vessel, expanded its fleet of fitting platforms to 6,620 units and entered into an agreement with Russian Railways to acquire the remaining stake in Russkaya Troyka that is not under the Group’s control.

    The Group started a partnership with the National Centre for Antarctic and Ocean Research under the Ministry of Earth Science of India to deliver supplies to the Indian research stations in Antarctica. Over 4 thousand tonnes of supplies have been transported by the diesel-electric ship Vasiliy Golovnin.

    FESCO partnered with Russian Railways to launch electronic processing for intermodal transportation of imports resulting in the processing time at Commercial Port of Vladivostok shortened from 5 days to 21 hours.

    The Group continued building up its supply chain management in 3PL and 4PL segments, having significantly grown its order portfolio.




2021 May 17

16:28 Okskaya Sudoverf wins competition for construction of multifunctional tugboat of 2.5-3 MW
16:05 Stena RoRo's E-Flexer Côte d'Opale delivered to DFDS
15:53 Novatek set to start year round navigation on the Northern Sea Route in 2023-2024
15:34 Metrans doubles number of container trains on the New Silk Road
14:09 Russia approves its Arctic Council Chairmanship program for 2021–2023
13:35 Shipping industry launch the Gulf of Guinea Declaration on Suppression of Piracy
13:11 The Port of València moves 479,171 containers in April and sets monthly and year-on-year records
12:22 Containership ‘HMM NURI’ makes first call in Hamburg
11:00 Seaboard Energy has chosen Topsoe’s HydroFlex™ technology to produce renewable diesel
10:50 Haldor Topsoe to discuss innovation to combat climate change at high-level meeting with US Secretary of State and Danish Minister for Foreign Affairs
10:11 Oil prices fluctuate amid uncertainty caused by coronavirus
09:40 Port of Helsinki throughput in January-April 2021 rose by 4.5% YoY
09:19 Baltic Dry Index as of May 14

2021 May 16

16:23 Port NOLA issues RFP for Louisiana International Terminal preliminary design contractor
15:18 Port Houston TEUs jump 25% in April
14:18 Investigation of the fires at Tjeldbergodden and Hammerfest now concluded, Equinor says
13:42 Unified Command responds to container ship off coast of Monterey
12:38 Eneti places order with DEME for one next-generation offshore wind turbine installation vessel
11:07 Boskalis AGM of shareholders adopts resolutions
10:31 Port of San Diego inks two more leases, reaches 90% occupancy for Seaport Village

2021 May 15

16:53 Terry Federer joins All American Marine as business development manager
15:09 Sites in the Geeste lowlands safeguard port development
14:38 ABB and Millennium Technology Prize celebrate innovation for a sustainable future
14:21 Hopeful outlook for activity at Lerwick Harbour - Lerwik Port Authority
13:19 USCG repatriates 22 migrants from 2 interdictions to Cuba
13:08 Team Transport & Logistics opens its new facility at the Port of Brisbane
12:31 Fleet of ships serving Vale receives first VLOC in the world equipped with rotor sails
11:09 Keel laying ceremony for second Finnlines’ hybrid ro-ro vessel

2021 May 14

18:46 Pilbara Ports Authority posts results for April 2021
18:23 Onezhsky Shipyard launches Ice Arc5 tug Pomor built for Rosmorport
18:06 Port of Southampton announces second Shore Power connection
17:53 Warships of RF Navy's Pacific Fleet completed visit to Singapore
17:36 ICS releases Vaccination Roadmap to quicken seafarer jab rollout
17:16 Maersk secures daily rail services from Felixstowe to respond to Brexit and COVID-19
16:54 Throughput of Murmansk Sea Fishing Port in 4M’2021 fell by 3.7% YoY
16:31 DNV, the University of Bristol and Percepetual Robotics launch new research project to develop automated verification of offshore wind turbine inspection results
16:11 Port of Los Angeles container volumes up 37% to 946,966 TEUs in April 2021
15:25 Fincantieri and Amazon Web Services team up to power the digitization and competitiveness of Italy with cloud computing
14:56 Rosneft reports its 1Q 2021 net income of RUB 149 bln
14:17 Port of Liepaja throughput in 4M’2021 climbed by 1.6% Y-o-Y
13:34 Nevsky Shipyard delivers cargo-passenger vessel of Project PV22, Pavel Leonov, to the customer
12:25 Throughput of port Kavkaz in 4M’2021 fell by 15% Y-o-Y
12:03 Austal Australia delivers two cape-class patrol boats to Trinidad and Tobago Coast Guard
11:58 Port of Oakland sets all-time cargo record in April 2021
11:49 Daphne Technology seeks financing through crowdfunding platform
11:28 Throughput of Russian seaports in 4M’2021 fell by 4.2% Y-o-Y
11:09 Rosmorport commences dredging at the port of Arkhangelsk
10:46 Rosmorport announces competition on dam strengthening at Kaliningrad Maritime Channel
10:17 HCS and CyberLogitec partner in TOS implementation at finished-car logistics terminal in Yarimca, Turkey
10:13 Acceptance certificate signed for Phase 1 (preparation) of Bagayevsky hydrosystem
09:45 Oil prices decrease on demand concerns
09:28 Höegh Autoliners onboard more vessels to Kongsberg Digital’s Vessel Insight
09:12 Baltic Dry Index as of May 13
08:24 Port of Ayr completes £2.2m investment strategy with new crane delivery

2021 May 13

18:41 DFDS ferry volumes up 50% in April 2021
18:13 Sealand adds weekly Port of Wilmington call to its NAE service
17:54 Sparta III delivered yet another cargo to Franz Josef Land
17:37 COP26 in focus as UNGC gathers leaders at Nor-Shipping’s Ocean Now
17:30 Oboronlogistics took part in BREAKBULK RUSSIA 2021
17:02 Admiral Makarov University took part in ARCSAR workgroup