As part of the development of the terminal network FESCO Transportation Group ('FESCO') has closed the deal on the purchase of JSC Port Gaydamak located in Vladivostok.
After its modernisation in 2024 capacities for grain transhipment using elevators in the amount of more than 400 thousand tons per year will be created. At the same time, the port will continue processing general cargo in import, export and coastal directions.
Specialised port infrastructure
Expansion of terminal network is one of key priorities of the development strategy of FESCO"
Acquisition of the terminal is the beginning of the implementation of the FESCO project aimed at creating a specialised port infrastructure in the Primorsky Territory, which currently has no substitutes in the region, for dispatching grain cargo from Russia to countries of the Asia-Pacific region.
“Expansion of terminal network is one of key priorities of the development strategy of FESCO. On the basis of the combined FEMSTA terminal and port Gaydamak we are establishing modern facilities for grain transhipment using elevators as we see the growing demand both from our partners in Asia and from Russian agricultural producers."
"This will be a fundamentally new service in the Primorsky Territory, which we plan to implement in addition to transhipment of general cargo at the terminal,” Andrey Severilov, Chairman of the Board of Directors of FESCO noted.
