Russia's FESCO opens representative office in Indonesia to develop container shipping

VLADIVOSTOK. Sept 2 (Interfax) - FESCO Transportation Group, which is under Rosatom state corporation's control, has opened a commercial representative office in Jakarta (Indonesia) to develop container shipping and expand its presence in Southeast Asia, the deputy general director for FESCO's Line-Logistics Division, German Maslov, said at the Eastern Economic Forum.

The representative office will promote the group's services in Indonesia and neighboring countries, develop cooperation with clients and launch new container services. Its work will be coordinated by FESCO's subsidiary in Vietnam, which is responsible for the group's business development in Southeast Asia.

"Indonesia is the largest economy in Southeast Asia and one of the most attractive markets in the region in terms of trade and container logistics development, not only with neighboring states but also with Russia. Having our own representative office in Jakarta will allow us to build closer interaction with clients and partners, better understand the needs of the local market, and offer the most effective logistics solutions using FESCO's broad capabilities. We intend to consistently strengthen our presence in the region," Maslov said.

FESCO Transportation Group 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, Vladivostok and Kaliningrad. The company manages a container fleet of over 200,000 TEU and nearly 15,000 flat cars. The group's fleet includes more than 30 vessels, which operate primarily on the company's own shipping lines. In November 2023, a controlling stake (92.5%) in PJSC Far Eastern Shipping Company (FESCO, the group's parent company) was transferred to Rosatom by a decree of the Russian president.