THE shipping division of Russia’s Fesco Transport Group posted first-half revenue of $149.6m and a profit of $28.9m, but has warned of difficult times ahead.

Temasek Holdings, the Singapore government investment fund, has acquired a small holding in Far Eastern Shipping Company, the Russian shipping and logistics group.

France’s CMA CGM and Russia’s FESCO have established a new, large volume, Baltic Sea feeder service between Hamburg, Germany, and St. Petersburg, Russia.

In the weekly service, two 1A ice-class ships are in use, the EMOTION with a capacity of 1440 TEU as well as the 1730 TEU, newly built CMA CGM VOLGA (alias FESCO VITIM).

The residents of Ust-Luga (Kingisepp district, the Leningrad Region) on June 21, 2008 approved the project to expand Baltic Container Terminal (BCT) to 3 million TEU annually.

THE explosive growth of the container trade is one of the big stories of this era, and while carriers scramble for market share, supply chains are under severe strain in the Black Sea.

The Argentine navy has turned to Far-Eastern Shipping (Fesco) to replace the country’s lone ice-breaker suitable to supply its Antarctic bases.

This is definitely a year worth celebrating. It is the Official Year of China in Russia and the 10th anniversary of the agency "FESCO Lines Hong Kong Ltd" (FESCO HK). In September 29 and 5 October 2007, FESCO has launched a cocktail party to celebrate this meaningful year in Shanghai and Hong Kong respectively.

Russia's Far Eastern Shipping Co (Fesco) is upgrading services with ships it is getting back from charters to Hamburg Sud, while at the same time looking to fix out smaller units that have been replaced.

Russia's Far East Shipping Co (FESCO) says it has raised $206m from its latest share sale.