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Tuesday, 23 December 2014

Port of Vladivostok hits 500,000 TEU record

The Russian container port of Vladivostok (OJSC) is set to see volumes rise to over 600,000 TEUs in 2015 after hitting a record level of 500,000 TEU in December this year.

The increase is indicative of a substantial rise in demand for container handling in Russia’s Far East.

A division of FESCO Transportation Group, the Port of Vladivostok provides bulk handling, ro-ro and containerized cargo services. The port has 15 berths with a total length of more than 3 km. 

Alongside container traffic the Eastern Russian region has become the focus of attention for energy ports with Russia and Japan agreeing plans to build a LNG export facility at Vladivostok port on Russia's Far-Eastern seaboard.

The $7 billion Vladivostok facility will have capacity to produce at least 10 million tons of LNG a year, according to Gazprom estimates. Eastern Siberia has huge natural reserves and Vladivostok is positioning itself as a major export point for Pacific trade. 

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