Annual
report
Key
developments
and achievements
in 2020
Despite the global economic crisis caused by the COVID-19 pandemic and a challenging economic environment, FESCO:
Set a historical
record
in container handling at VMTP
(672,442 TEU, up 8% YoY) and captured a record market share of 45% in terms of containers handled in the Far East Basin (up 1 pp YoY). In 2020, VMTP became the No. 1 Russian sea port in terms of container handling.
Ramped up
intermodal
transportation
to
393
thousand TEU
up 14% YoY
Reached
a new
all-time high
in domestic maritime transportation
>80
thousand TEU
up 3% YoY
Ramped up
international
shipping
to
293
thousand TEU
up 17% YoY
Made
the quickest
shipment
from Japan to Europe
(17 days) with support from the Ministry of Land, Infrastructure, Transport and Tourism of Japan (MLIT) and Russian Railways.
Launched nine
new railway
services
Ensured
business
continuity
across the board
and managed to maintain employee salaries at pre-pandemic levels.
Reduced
its
net debt / EBITDA
ratio to
2.8x
excluding the IFRS 16 impact
Had its
Fitch credit
rating
upgraded
by four
notches from «RD» to «CCC».
see also
letter
Letter from the Chair of the Board of Directors
Andrey SEVERILOV
More
Letter from the President
Arkady KOROSTELEV
More
see also
geography Fesco
More
see also
business model
More
see also
strategy priorities
More