FESCO Transportation Group is launching FESCO Far East Shuttle, a new regular container train plying between Khabarovsk and Vladivostok, the company informed.
Shuttle trains will depart twice a week from the FESCO's Stroyopttorg terminal. The freight flow will include a wide range of products from consumer goods to lumber. The traffic is estimated at 600-700 TEU per month.
FESCO Transportation Group is one of the leading public transportation and logistics companies in Russia with assets in port, rail and integrated logistics businesses. Benefiting from a diversified asset portfolio, FESCO can provide door-to-door logistics solutions and control all steps of the intermodal transportation value chain.
The Group owns the Commercial Port of Vladivostok, rail operator Transgarant, and container platform operator Russkaya Troika. FESCO manages approximately 40,000 containers, a fleet of about 6,000 container platforms, as well as 19 transport vessels, mostly deployed through own sea service lines.
Companies controlled by Mark Garber (one of the controlling shareholders of GHP Group) own 23.8%, TPG Capital 17.4%, Ziyavudin Magomedov 32.5% of FESCO shares, while 26.3% belong to other shareholders or are in free-float.
IFRS net loss of FESCO for 2019 was RUB 1.842 billion against a profit of RUB 7.009 billion a year earlier. Revenue decreased by 1% to RUB 56.673 billion from RUB 56.993 billion. EBITDA increased by 16% to RUB 12.231 billion from RUB 10.572 billion.
