FESCO Transportation Group (“FESCO”, the “Group”) intends to increase the total area of container warehouse in Commercial Port of Vladivostok (CPV, a FESCO company) by 20% by 2025.
The first stage of warehouse expansion was the launch of a new production site “Warehouse 81” of 13.5 thousand m2 and an operational capacity of 1 113 TEU within the territory of CPV.
Increase of area for container storage is stipulated by the development strategy of Commercial Port of Vladivostok approved by the Board of Directors of FESCO. Administration of the port is optimizing the use of territory of CPV – changes location of warehouses, constructs modern sites and demounts unclaimed buildings.
Development strategy of Commercial Port of Vladivostok also includes introduction of modern IT infrastructure, modernization of warehouses, railway infrastructure and sea berths as well as purchase of new equipment. By 2025 the port plans to purchase 170 units of machine equipment, at stage one (in 2023) – ten RTG cranes, six reach stackers, four reach trucks, one track mobile and 19 tractors with semi-trailers.
“FESCO Group pays close attention to strategic development of Commercial Port of Vladivostok and, first of all, to increasing its capacity. We are implementing an ambitious program aimed at expanding and optimizing container areas of the port so that by the end of 2023 CPV could process 840 thousand TEU and in the future reach figures of 1 million TEU,” said Andrey Severilov, Chairman of the Board of Directors of FESCO.