President of FESCO participates in a meeting on organizing coastal transportations in 2022

17 December 2021

Arkady Korostelev, President of FESCO Transportation Group (“FESCO”, the “Group”) took part in a meeting on implementation of coastal transportations in 2022 in the Far Eastern Federal District presided by Alexander Poshivay, Deputy Minister of Transport of the Russian Federation.

President of the Group voiced the need for administrations of the Magadan Region, the Kamchatka Territory, the Chukotka Autonomous Okrug and the Sakhalin Region to provide information on projected volumes of cargo traffic in their destinations in 2022.

Information provided in advance by the regions will allow participants of the transportation market to prepare a detailed schedule of quarterly shipments and organize smooth operation of ports and fleets for delivery of socially significant cargo and cargo intended for implementation of infrastructure projects in the regions.

FESCO in its turn is ready to increase the number of vessels operating on the lines taking into account the volume of traffic guaranteed by these regions.

In addition, President of FESCO proposed to participants of the meeting to establish operational headquarters in the Primorsky Territory under chairmanship of the Ministry of Transport and administrative support of regional government in order to avoid repeating the situation with coastal transportations of 2021.

Commercial Port of Vladivostok (CPV, a FESCO company) handled 1.5 times more coastal cargo from September to December 2021 than in the same period of 2020. Accumulated cargo at CPV and port Vostochny as of December 16 constitutes 2 190 TEU, which is the generally accepted norm. During this coastal campaign the FESCO fleet also worked in full force. In parallel, the Group attracted additional vessels to work on the lines.