FESCO sends first shipment from St. Petersburg to Turkey

MOSCOW. Aug 26 (Interfax) - The FESCO transport group, managed by state corporation Rosatom, has organized the first cargo shipment from St. Petersburg to Turkey, the group reported.

The vessel, which embarked on the route on August 24, will deliver Russian export cargo to the ports of Ambarli, Istanbul, and Gebze, and will pick up containers with Turkish imports to transport back to Russia.

FESCO plans to make these journeys regular, deploying several container ships on the route.

"In the current conditions, it is especially important that the market has additional possibilities for delivering cargo between Russia and Turkey. Therefore, FESCO has promptly launched a new route from St. Petersburg, to give clients an alternative option for cargo delivery in both directions. We have plans to continue developing this service taking into account demand and the needs of cargo shippers," Deputy CEO of the FESCO Liner and Logistics division Herman Maslov said.

The FESCO transport group, whose parent company is PJSC Far Eastern Shipping Company (FESCO), 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. The company manages a container fleet of over 200,000 TEU and over 15,000 flat cars. The group's fleet includes more than 30 vessels, which operate primarily on the company's own shipping lines. The controlling stake of 92.5% in FESCO was transferred to Rosatom as per Russian presidential decree in November 2023.