• 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.




2020 November 30

17:36 Brittany Ferries’ new ship sets sail online
17:13 IAPH climate and energy working groups meet
16:48 Gasum continues to expand bunkering services
16:40 RWE and DEME Offshore install collars on offshore foundations
16:25 Fair treatment of seafarers and the COVID-19 pandemic on IMO Legal Committee's agenda
16:01 Report on maritime automation legislation commissioned by Finland’s Ministry of Transport and Communications pays attention to ensuring safety
15:37 Rosmorport conducted pilotage and docking of LNG tankers to temporary LNG Offshore Transshipment Complex in Barents Sea
15:14 "Wind Hunter Project" starts zero-emission project with wind propulsion and hydrogen
14:52 Port of Gdansk expects its tonnage to exceed 48 million tonnes in 2020
14:39 ABS and DSME sign JDP to explore using solid oxide fuel cells on-board VLCCs
14:30 Gazprom posts RUB 202.21 billion loss in 9M’2020
14:04 Uralhimmash shipped new equipment for NOVATEK’s facility in Ust-Luga
13:41 Average spot market price for Russian M100 product climbed to RUB 14,029 pmt
13:20 Diana Shipping announces time charter contract for m/v Polymnia with CLdN Cobelfret
12:56 Collaboration and digitalisation highlighted for Singapore’s maritime safety efforts at MPA’s International Safety@Sea Event
12:33 RF Government expands Vladivostok seaport territory
12:10 Abu Dhabi Ports supports the fight against COVID-19 with capacity to store and distribute 70M vaccines
11:49 LNG bunker fleet could increase fivefold by 2030
11:48 NIBULON launches a 90-m non-self-propelled vessel
11:27 RS optimizes Rules for Classification and Construction of Sea-Going Ships
11:03 Van Oord’s vessel completes turbine installation at Borssele III & IV offshore wind farm
10:45 NIB and Tallink Silja Oy agree COVID Response loan to support operations
10:22 Volga Shipping Company transported 3.2 million tonnes of grain in navigation season of 2020
10:16 Castor Marine takes over SeaVsat assets
09:59 MABUX: Bunker market this morning, Nov.30
09:38 Throughput of Chinese sea and river ports in 10M’2020 climbed by 3.7% YoY
09:20 Oil prices decrease in the beginning of the week
09:06 Baltic Dry Index as of July 7

2020 November 29

16:07 Port of Antwerp: New intermodal connections, October 2020
15:23 Lerwik Port Authority's Annual Review: Diverse customer base served Lerwik Harbour well in 2019
14:56 USCG, good Samaritan rescue 3 from sinking vessel near Cape Fear
13:28 BAE Systems secures Navy's contract for drydocking, maintenance and modernization of USS Wasp (LHD1)
12:41 Boluda’s new tug duo arrived in Rotterdam
11:48 Scorpio Bulkers announces the sale of Ultramax vessels
10:55 Pacific Basin expands its fleet with the acquisition of four modern Ultramax vessels

2020 November 28

15:51 Turkish shipbuilder orders boiler package from Parat for NB1105
14:23 Volkswagen Group selects marine biofuel leader GoodFuels to run fossil-free car transport operations
13:18 Fincantieri inks agreement with the Yucatán Gov’t for a new shipyard
12:27 Piriou has developed 100M cable vessel
11:39 Federal Maritime Commission increases global alliances' information monitoring report requirements
10:57 Managing passenger shipping for the benefit of all stakeholders

2020 November 27

18:27 First full-flow ballast water management system to receive Chinese Flag and CCS Type Approval
18:05 CLdN adds 2nd call on Zeebrugge - Cork route
17:47 Seagoing vessels mooring at North Sea Port will now pay a single tariff for the entire cross-border port area
17:26 FESCO delivered extra heavy power equipment from Russia to Bangladesh
17:05 LR, Anemoi and SDARI join forces on rotor sail designs
16:39 Interested parties invited to submit offers on development of deepwater terminal in Świnoujście
16:14 Sea-Cargo starts new freight service via Gothenburg
15:50 Yantar shipyard delivers new trawler of Project SK-3101R
15:48 Mikki Koskinen elected as the new Chairman of Finnish Shipowners’ Association
15:36 Head of Delo Group outlined tasks for updated composition of TransContainer BoD
15:15 IHM Certification for UK flag ships subject to PSC inspection at EU ports
14:48 IADС continues partnership with organizers of Hydraulic Engineering Structures and Dredging Congress
14:14 Wilhelmsen awarded funding for Singapore 3D printing project
13:59 World Maritime University and Batumi State Maritime Academy signed MoU
13:33 Bunker prices recover in the Far East ports of Russia (graph)
13:14 Fully integrated Wärtsilä Hybrid Solution selected for new Misje Rederi bulk carriers
12:50 BW Lilac to deliver its first LNG cargo to Klaipėda LNG terminal
12:25 Russian Maritime Register of Shipping takes part in ROOGD-2020
12:01 The world’s first LPG-fuelled vessel has set sail