RZD Logistics and the Fesco Transport Group agreed to organise a joint multimodal service for the delivery of container transport from the countries of the Asia-Pacific Region to Europe along the Trans-Siberian Railway via the Vladivostok Sea Trade Port, which is owned by Fesco.
The two parties plan to develop a system for transporting goods from the Asia-Pacific Region, primarily from Japan and the Republic of Korea, to European Union countries via the Vladivostok Sea Trade Port by taking advantage of Fesco’s line services and regular container trains operated by the two companies, as well as in the opposite direction. Fesco is also ready to provide its rolling stock, containers and its own terminals. RZD Logistics will be responsible for the railway component of the service.
Transit multimodal services from the Asia-Pacific countries to Europe via the Far East will significantly reduce the freight transport time compared to the traditional sea routes or transit through China.
It is expected that the containers going to Central and Western Europe will carry car components, consumer goods and food.
“Japan and the Republic of Korea are among Europe’s largest trading partners in Europe, so we see opportunities to attract freight traffic which is currently using the Suez Canal to the faster routes we can offer along the Trans-Siberian Railway via the Far East. We therefore expect that in partnership with RZD Logistics we will be able to launch a competitive transit service which will ultimately contribute to the development of transit traffic through the Russian Federation and enable us to achieve our strategic goal of 2 million TEUs by 2024,” said Alexander Isurin, the president of Fesco.