Fesco acquires Port of Vladivostok operator

Fesco, Russia's largest ocean container shipping line, announced it has signed an agreement to acquire the operator of the Port of Vladivostok, its home hub, in a $180-million deal that will give it a Pacific gateway.Fesco will acquire 100 percent of M-Port Ltd, the owner of 95.2-percent of the shares

JOC Member Preview. To continue reading, login or register below.