Port Division

Commercial Port of Vladivostok (VMTP) is the largest stevedore in Russia's Far East and a critical link in FESCO's logistics value chain, enabling the Company to provide intermodal transportation services to customers.

Market overview

In 2020, the cargo handling of the Russian sea ports was 822 mt, a reduction of 2.2% YoY. This was driven by lockdown measures amid the COVID-19 pandemic. The main contributors to the lower volumes were liquid cargoes (oil, oil products, and liquefied gas), which accounted for 7% of the reduction, while dry cargo handling was on the rise and expanded by 10%. 2020 was the first year to demonstrate a negative performance since the late 1990s, when the Russian stevedoring industry kept expanding on an annual basis.

Handling volumes in Russian ports in 2015–2020, mln t

Handling in Russian ports by destination, mln t

Handling in Russian ports by destination, %

Basins’ shares in total cargo handling, %

In 2020, the share of the Far East Basin, FESCO's key region of operations, in the total cargo throughput of the Russian ports increased to 27.1% compared to 25.4% in 2019. The basin demonstrated the highest throughput growth of 4.4%, an increase from 214 mt in 2019 to 222.9 mt, including 146.6 mt of dry cargoes and 76.3 mt of liquid cargoes.

Russia’s basins by cargo handling volumes, mln t

Dry cargo

Handling of dry cargoes amounted to 146.6 mt (+8.4%) of the Far East Basin’s total turnover. The growth primarily came from chemical and mineral fertilisers, grains, and non-ferrous metals. The strongest decline was seen in unitised cargoes, wheeled cargoes (Ro-Ro), and refrigerated cargoes.

Containerised cargo

In 2020, VMTP became the No. 1 stevedoring company in Russia by container handling.In 2020, container handling in key ports of the Primorye Territory increased by 7% to 1.5 million TEU vs 1.4 million TEU in 2019. VMTP demonstrated growth of 8%, with its cargo throughput going up to 672 million TEU vs 625 million TEU in 2019, taking the Port's market share to 45%.

**Handling of key cargo types at the Far East Basin YoY,** %

**Container handling of major Russian container terminals in 2019–2020,** k TEU

Major stevedoring companies of the Primorye Territory by share, %