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.
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.
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.
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.
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%.