Bruce Barnard, Special B | Nov 07, 2011 10:58AM EST
Fesco reported strong gains in international ocean container traffic and intermodal shipments in the first nine months of the year, as Russia’s largest container line benefited from surging imports and a buoyant economy.
Ocean container traffic soared over 28 percent from the first three quarters of 2010 to 282,359 20-foot equivalent units, offsetting a 6.9 percent decline in domestic traffic to 45,830 TEUs. Fesco didn’t break out figures for the third quarter.
Fesco's intermodal volumes surged 52.5 percent to 52,269 TEUs, “supporting the group’s focused efforts to promote comprehensive, all-in-one container solutions with higher added value.”
Reefer shipments were up 57.4 percent at 90,521 TEUs. Fesco’s rail unit boosted container volume by 34.5 percent to 185,788 TEUs and the Vladivostok container terminal in Russia’s Far East increased traffic by 28 percent to 314,369 TEUs.
The group’s non-container operations reported relatively flat or negative results with industrial rail traffic slipping 0.9 percent and Vladivostok’s bulk cargo volume down 35 percent year-on-year at 2.2 million metric tons.
-- Contact Bruce Barnard at brucebarnard47@hotmail.com.
