Russia's FESCO planning to increase container transportation with Vietnam

HANOI. Jan 15 (Interfax) - FESCO Transportation Group, the flagship of which is the Far Eastern Shipping Company (FESCO) , is planning to develop maritime container transportation between Russia and Vietnamese ports, the group's president Pyotr Ivanov told journalists.

"The [container] transportation market is actively developing today. We transported 25,700 TEU [twenty-foot equivalent units] last year. Therefore, we essentially grew several times over in three years," he said.

In December last year, FESCO opened a subsidiary enterprise in Vietnam to develop maritime and intermodal container transportation in Southeast Asian countries. DBF Logistics Vietnam will ensure the smooth operation and development of the group's services in Vietnam, including the regular FESCO Vietnam Direct Line which connects Vladivostok with the ports of Haiphong and Ho Chi Minh City, as well as the direct FESCO Intra Asia Service between Ho Chi Minh City and Port Klang in Malaysia.

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. FESCO manages a container fleet of more than 200,000 twenty-foot equivalent units and nearly 15,000 container flatcars. The maritime fleet comprises more than 30 vessels which operate primarily on the company's own shipping lines. A controlling stake of 92.5% of FESCO was transferred to the Rosatom state corporation by presidential decree in November 2023.