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Universal dry cargo ship "FESCO Olga" added to the FESCO fleet

Universal dry cargo ship "FESCO Olga" added to the FESCO fleet
Photo: FESCO Press Office

The FESCO Transport Group has accepted the third ship in the fleet since the beginning of 2021. It was the universal dry cargo ship FESCO Olga. Thus, the Group's fleet increased from 18 to 21 units, the total deadweight increased by 67 thousand tons, to 363 thousand tons, and the container capacity by 4700 TEU, to 26 thousand TEU.

The vessel's ice class IA meets the standards required to operate in freezing seas. The vessel is equipped with two cranes capable of lifting loads weighing up to 240 tons in dual mode of operation. The Group's fleet already includes two vessels of the same type - FESCO Ulysses and FESCO Paris.

FESCO Olga will operate on tramp transportation. The ship will start its maiden voyage from China to St. Petersburg in mid-November.

“The fleet was and remains one of the main assets of the Group. The tasks facing the Group today require modernization and an increase in the number of our vessels. Next year we are also investing in the purchase of new ships. Preference will be given to container ships and general-purpose dry-cargo ships, ”says Vladimir Korchanov, head of the FESCO maritime division, Acting General Director of VMTP, director of PJSC FESCO's branch in Vladivostok.

FESCO is implementing a long-term fleet renewal program. The general-purpose dry cargo ship FESCO Olga became the fifth vessel purchased by the Group over the past year and a half. In 2020, FESCO accepted the FESCO Ulysses and FESCO Paris universal dry cargo vessels into the fleet, and in September and October 2021 - the FESCO Yanina and FESCO Sofia container ships, respectively. Thus, the Group's fleet includes 21 vessels with a total deadweight of 363 thousand tons.

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