Russian logistics company announces huge fall in revenue and throughput
Russian transportation and logistics company Far-Eastern Shipping Company PLC. (FESCO) has announced a 25.3% fall in revenue in the six months to 30 June 2015 in line with the negative market trends in the country.
In its interim results, the company reported that its revenue went down from US$513.1m in the first half of 2014 to US$383.4m in the first six months of 2015.
In line with negative market trends, the container throughput decreased by 28% to 174,570 teu in the first half of the year compared to 242,612 teu in the same period last year.
You need a free subscription to read the entire article.
Subscribe
Subscribe for FREE and gain access to all our content.
More than 5000+ articles.
Related Posts
Other News
Container Management (cm) has been published for more than 30 years serving the port, terminal, intermodal and container handling equipment industries worldwide.
