Fesco notes seasonal increase in shipments from China, traffic slowdown and Chinese holidays will not affect delivery dates

MOSCOW. Jan 31 (Interfax) - The Fesco Transportation Group, a subsidiary of the Far Eastern Shipping Company , is observing the traditional seasonal increase in container traffic from China to ports in Russia and land border crossings in the Far East associated with the onset of the Chinese New Year, and says that the slowdown in cargo flows during the holidays will not affect delivery times, Alexey Kravchenko, commercial director of Fesco Integrated Transport (part of Fesco group), told Interfax.

"We see an increase in traffic from China, partly due to the high season on the eve of the Chinese New Year and partly due to the general increase in trade between countries. These cargo flows are evenly distributed along all transport corridors," Kravchenko said.

"On the eve of the Chinese New Year, about a month-and-a-half in advance, there is traditionally a revival of cargo flows from/to Asia. We are always ready for this peak season. Then, on Chinese New Year itself, there is a certain slowdown in cargo flows. This does not affect delivery times," he said.

In 2024, the Lunar New Year falls on February 10, and its celebration in China will last 15 days through February 24.

The FESCO Transportation Group owns assets in the port, railway and integrated logistics business. FESCO owns the Vladivostok Sea Trade Port , intermodal operator Fesco Integrated Transport, Dalreftrans, an operator of refrigerated containers, as well as Transgarant and Fesco Trans. The group operates terminal complexes in Novosibirsk, Khabarovsk, Tomsk and Vladivostok. The company manages a container fleet of more than 170,000 TEU, and over 11.000 fitting platform rail cars. The group's fleet consists of 37 vessels, which operate primarily on its own shipping lines.