Fesco port in talks with four international carriers on opening new lines via Vladivostok

VLADIVOSTOK. May 30 (Interfax) - The Commercial Port of Vladivostok (VMTP) , a division of Fesco Transportation Group, is holding negotiations with four major international carriers on organizing shipping lines through the port, VMTP managing director Nikolai Yermolayev told Interfax on the sidelines of the Maritime Congress-Russian Far East in Vladivostok on Thursday.

VMTP now works with 11 shipping companies that represent Russia, China and South Korea, he said.

"We are actively working on attracting new partners. For example, we are already now holding negotiations with another four major international carriers," Yermolayev said, adding that Chinese ports now account for about 66% of VMTP's cargo turnover.

Cargo traffic between Vladivostok and Chinese ports grew by 30% to almost 462,000 TEU in 2023.

It was reported earlier that VMTP plans to boost cargo handling to 1.2 million TEU by 2028, which would be a 40% increase over 2023. VMTP's operations extend over 15 docks at the Port of Vladivostok.

Fesco, one of Russia's largest transport groups, has port, railway and integrated logistics businesses. The group includes the Commercial Port of Vladivostok, intermodal operator Fesco Integrated Transport, refrigerated container operator Dalreftrans, as well as Transgarant and Fesco Trans. Fesco operates terminals in Novosibirsk, Khabarovsk, Tomsk and Vladivostok, more than 170,000 TEU of containers and a fleet of over 11,000 well cars. Its fleet of 30 vessels operate primarily on the group's own marine lines.