• Home
  • News
  • FESCO plans to put 5-6 ships on Deep Sea route from China by the end of 2023 – Andrey Severilov
  • 2023 April 19 10:32

    FESCO plans to put 5-6 ships on Deep Sea route from China by the end of 2023 – Andrey Severilov

    The company opens new services from the countries of SEA and Maghrib

    FESCO Transportation Group continues to invest in assets in a declining market and plans to open a number of new services in the southeast and in the south this year as well as to upgrade and expand its fleet, IAA PortNews correspondent cited Andrey Severilov, Chairman of FESCO BoD, as saying at TransRussia forum in Moscow.

    According to Andrey Severilov, 2022 was a "breakthrough year" for the company: "In 2023, the volume of transportation by the company's ships has increased by 38%." According to the speaker, the geography of FESCO activities expanded considerably in 2022: “Three ships are already operating in the Vietnamese direction with the service being in great demand. New lines are being opened to Malaysia and Thailand. Besides, the company’s activity in the Black Sea and in the Mediterranean Sea is intensifying: a line from Novorossiysk to Istanbul was opened last year, and from Novorossiysk to Mersin this year. There is a plan to open a line to Egypt from October 2023. The possibility of a service from Tunisia is also being worked out. However, the main project is a regular Deep Sea line from Shanghai to St. Petersburg,” he said, adding that new container ship Kapitan Shchetinina will arrive in St. Petersburg from China on April 25 as part of its first voyage.

    Speaking about the company’s results and plans at a meeting with journalists, Andrey Severilov specified that a total of 5 or 6 vessels will be put on the Deep Sea route by the end of this year. “We are completing the entire line of 6 new vessels acquired at our own expense. It is possible that we will put one vessel on another line. Each ship costs over $40 million. The capacity of each ship is 2,471 TEU. When making a decision on the vessel tonnage kept in mind the possibility to use the vessels for any other destination and service. They are interchangeable with our other vessels. All vessels are new, built in 2023. Equipped with modern systems they are very economical. The line economy is quite good, so we expect that large volumes of cargo flowing from the Asia-Pacific countries to Central Russia will shift to our Deep Sea routes. The rates will be very competitive,” he said.

    According to him, the successful expansion became possible thanks to the investment strategy. “The model taken as a basis in 2020 with the entire all net profit invested in assets, has already justified itself. Now, in a declining market, we continue to increase the revenue and the net profit due to the fact that we increase volumes and replace the partners which have left. We do not reject this model, we continue to invest the maximum amount of funds in fixed assets. We continue to expand and improve our fleet. In terms of the fleet, we still have space to grow. We are now actively involved in work in the north-south direction. We are discussing the establishment of our own fleet in the Caspian Sea,” he said.

    According to Andrey Severilov, the company is developing rapidly amid the fall of freight rates. “Freight rates are going down. They are 50-60% lower than the peak values. Despite the rates fall, they have already reached a reasonable balance and stabilized, we believe,” concludes the head of FESCO.

2023 December 3

14:31 Maersk reaches settlement over ship that blocked Suez Canal
13:46 ONE launches ELT container service
12:27 Summary of the the Strategic Business Plan 2024 – 2028
10:48 PortNews’ past week main headlines
09:33 Cargo carried by train ferries on the Ust-Luga - Baltiysk line rose 13% in November 2023

2023 December 2

15:38 Global CO2 emissions rise through 2050 in most IEO2023 cases
14:26 ABS supports Edison Chouest’s decarbonization journey with sustainability reporting
12:11 Vard Marine welcomes Terragon Environmental Technologies Inc. into Vigilance preffered supplies program
11:56 New LNG production and marine bunkering capability at Port Hedland, Western Australia with a pathway to IMO 2050 ‘zero-emissions’ through onboard hydrogen production
10:19 Drydocks World and Aker Solutions to deliver two offshore renewable energy platforms for Norfolk Vanguard

2023 December 1

18:07 Leaders of the shipping industry issue joint statement with сall for targeting the highest levels of ambition of the IMO GHG Strategy to achieve Net Zero by 2050
17:40 HD KSOE secures $432 mn order for 4 ammonia carriers
17:37 Yara Clean Ammonia, North Sea Container Line, and Yara International join forces to realize the world's first clean ammonia-powered container ship
17:26 North Salmon Service selects HAV Group Ship Design as cooperation partner to develop an ammonia-fuelled wellboat
17:06 Fincantieri sets the main terms and conditions for the acquisition of Remazel Engineering
16:31 GTT and COSCO shipping sign an agreement for the construction of GTT Membrane Containment Systems
16:07 Fincantieri floats out cruise ship for Viking
15:41 Bureau Veritas unveils Rules for hydrogen-fuelled ships
13:44 Arsenio Dominguez Velasco confirmed as next IMO Secretary-General
13:08 Vale and Oldendorff Carriers commenced the first biofuel voyage on a bulk vessel
12:44 Container traffic along the North-South ITC has doubled since early this year, RZD says
12:34 Hyundai Samho Heavy Industries to build up to ten very large ammonia carriers for Maersk Tankers
12:25 Topsoe and Standard Gas sign MoU to collaborate on UK-based renewable natural gas and methanol project
10:55 Maritime and Port Authority of Singapore and The International Association of Classification Societies collaborates on safe implementation of new maritime solutions
10:46 The SCCV NeoBeton hull was towed to its permanent location in Port of St. Petersburg
10:24 China ports container volume rises 4.9% from January to October 2023
09:58 ZPMC launched two 1,600-ton wind power installation platforms

2023 November 30

18:07 Port of Seattle and Busan Port Authority renew sister port agreement after 42 years
17:32 BW LPG to invest $30 mln in JV with Confidence Petroleum India - Reuters
17:14 64% mull cutting maritime investments amid ESG concerns, reveals Woodrow study
16:47 MABUX: Bunker Weekly Outlook, Week 48, 2023
16:47 GSI delivers world’s first large-capacity battery hybrid double-headed luxury Ro-Ro vessel P&O LIBERTE
16:24 V.Group partners with Aither to provide carbon trading solutions for shipowners
15:44 Zhejiang Seaport opens up new terminal company
15:14 Bollore Logistics launches “SEAalternative” for less carbon-intensive shipping
14:35 AZANE launches ammonia bunker vessel design and partners with Amogy to build zero-emissions bunker vessel
14:04 Russia keeps Black Sea port restrictions in place due to storms - Reuters
13:44 ZeroNorth enables Golden Island to become Singapore’s first 100% digital bunker supplier
13:19 Osbit to deliver world-first cable repair equipment for N-Sea
12:43 Container lines expect greater Panama Canal disruption
11:58 Norwegian Cruise Line сhristens all-new Norwegian Viva in Miami
11:03 Bay-Houston Towing signs contract with Sterling Shipyard to build multiple Robert Allan designed RAstar 3200-W tugs
10:32 PCF, Oceania and RINA enter into MoU for LNG bunkering project at Port Hedland
10:02 Windcat expands its CSOV fleet to a total of five vessels
09:47 Korean shipbuilding companies actively consider overseas expansion

2023 November 29

18:07 Chinese cargo ship sinks off S. Korea's southwestern coast after drifting from China
17:34 LR to class first newbuild project for mid-size low pressure ammonia-ready LCO2 Carriers ordered by Capital Gas Ship Management at Hyundai Mipo Dockyard
17:19 CMB.TECH and Boeckmans to build 4 future-proof hydrogen-powered 5.000dwt general cargo vessels
16:37 Changing frozen food temperatures by just 3 degrees can save CO2 emissions of 3.8 million cars a year, study shows
16:13 Chinese shipyards beat Korean firms in global orders in 2023
15:58 WinGD debuts Variable Compression Ratio technology on NYK Line newbuilds
15:55 New LNG production and marine bunkering capability at Port Hedland, Western Australia, with a pathway to IMO 2050 ‘zero-emissions’ through onboard hydrogen production
14:31 ClassNK releases "Guidelines for Cyber resilience of on-board systems and equipment"
14:02 Sea-Intelligence: Carrier results drop to pre-pandemic levels
13:09 Report: Tool helps shipping stakeholders identify best ports for developing sustainable first mover initiatives
12:41 Fincantieri launches cruise vessel for Tui Cruises
12:11 SCZONE celebrates the groundbreaking ceremony of the DP World-Sokhna $80m Logistic Park
11:53 GTT receives an order from HD Hyundai Heavy Industries for the tank design of two new LNG carriers
11:10 Four new Purus gas carriers to operate with Wartsila cargo handling systems
10:43 Wartsila signs Electrification and Integration Services agreement for USA’s first zero-emission high speed ferries project
10:23 Diana Shipping announces time charter contract for m/v New Orleans with Kawasaki
09:51 CMA CGM to launch Asia Subcontinent 2 Express (AS2) service connecting Asia with the Indian Subcontinent

2023 November 28

18:07 Major Polish cargo operator selects CTPark Gdansk Port as new HQ with 10-year logistics lease totalling 21,000 sqm
17:21 Delfin Midstream signs long-term LNG supply agreement with Gunvor
17:08 Pyxis Tankers to acquire dry bulk vessel from Safe Bulkers
16:47 TGE Marine wins contract for new PCTC class
16:18 Maersk Supply Service introduces a leaner setup and reduces 55 positions
15:53 Korea dominates global orders for VLACs
15:13 ONE sets container ship cargo record
14:43 Maersk sells remaining shares in Norway’s Hoegh Autoliners