Total Deadweight of FESCO Fleet Increased by 12.8% for Nine Months
OREANDA-NEWS. The volume of liner container shipping one of FESCO’s core shipping business activities reached 238 thousand TEU for nine months of 2006. A 17% decrease of total container shipments over the same period of the last year is due to the sale of FESCO’s cross-trade lines to Hamburg Sud, pursuing the company’s strategy to focus its business on Russia-connected routes.
Most segments of container business have seen growth during the period. Thus, shipments between Russian ports (cabotage) made 50 thousand TEU (9% run-up) and export-import transportation made 83 thousand TEU in (12% growth).
The volume of railway container shipment for the period has reached 26 thousand TEU (a whopping 200% increase), seconded by the volume of truck container shipments, making 8 thousand TEU (141% increase).
Total deadweight of FESCO fleet increased by 12.8% and reached 1.1 million tons.
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