Fesco to bolster foreign trade services, increase volume 60pc

FESCO Transport Group plans to raise the volume of foreign trade cargo that it transports by 60 per cent this year compared with 2007 to 435,000 TEU.

The trade would be worth a total of US$251 million, reports www.dars.ru, the Russian Transport Daily Report.

It said the growth in foreign trade cargoes would be achieved by strengthening the company's container services and enhancing its sales growth.

In support of these efforts, Fesco has begun strengthening its presence in the Baltic Sea trades by signing a slot charter agreement with French shipping group CMA CGM.

The report said Fesco is also planning to initiate the work using the slots from Singapore to St Petersburg. Singapore will hence act as a hub port for cargo arriving from Thailand, India and Indonesia.