FESCO operational results for 9 months 2011

07 November 2011
FESCO continues to boost integrated container services, with intermodal volumes up 52% year-on-year

FESCO Transportation Group (RTS/MICEX: FESH/FESHG) reveals its operational results for 9 months of 2011, which continue to demonstrate respectable year-on-year growth across virtually all container-related businesses of the Group, while showing relatively flat or sometimes negative operational performance in other types of cargo.

Volume of international sea container shipping increased by 28.2%, amounting to 282,359 TEUs, compared to 9 months of 2010. Domestic container trade showed a slight decline of 6.9% YoY with the total of 45,830 TEUs. Intermodal volumes demonstrated the impressive growth dynamics of 52.5%, totaling to 52,269 TEUs, supporting the Group’s focused efforts to promote comprehensive, all-in-one container solutions with higher added value.

Reefer services grew by 57.4%, reaching 90,521 TEUs of refrigerated cargo.

Rail container volumes also continued to grow, reaching 185,788 TEUs, or 34.5% up from 9 months 2010.

Vladivostok Port total container handling volumes reached 314,369 TEUs, which is 27.94% higher than last year.

Railway turnover of industrial goods remained virtually at the level of last year, with 25.9 bln. ton-kilometers, or 0.9% decrease. Total loading of non-container cargo on rail reached 19.24 mln tons, or 5.6% higher than last year.

Break bulk cargo volumes in Vladivostok port amounted to 2,189,471 tons, declining by 35% year-on-year, following the ongoing re-focusing of Vladivostok port towards containers and passenger cars. The latter demonstrated the growth of 19% year-on-year, reaching 66,551 units.