FESCO plans to launch shipping service from China to Russia's Novorossiysk in Nov

MOSCOW. Oct 30 (Interfax) - FESCO Transportation Group, the flagship of which is the Far Eastern Shipping Company (FESCO) , is planning to launch a shipping service from China to the port of Novorossiysk in November, group vice-president for liner logistics German Maslov said at the International Customs Forum.

Transit time along the route will be 21 days, he said in a presentation. It is planned that two vessels will operate on the route.

FESCO, which is under the Rosatom state corporation's control, owns assets in the port, railway and integrated logistics business. FESCO owns PJSC Commercial Port of Vladivostok , the Fesco Integrated Transport intermodal operator, the Dalreftrans refrigerated container operator, as well as the Transgarant and Fesco Trans companies.

The group manages terminal complexes in Novosibirsk, Khabarovsk, Tomsk and Vladivostok. It oversees a container fleet of more than 180,000 TEUs and nearly 15,000 flatcars. Its fleet includes over 30 vessels which primarily operate on its own shipping lines. In November 2023, a 92.5% controlling stake in DVMP was transferred to Rosatom by presidential decree.