FESCO and a Chinese Trading Company Flow Explore the Possibility of Creating a Joint-Venture for Containerized Grain Exports to China
The parties agreed to explore the possibility of creating a joint-venture in Vladivostok with the purpose of grain accumulating and repacking into containers for subsequent shipment to the port of Ningbo (China).
In 2019, the parties intend to work out the technologies for transportation from Russia to Ningbo, which will base on FESCO's expertise in intermodal and international transportation and the competence of Flow Supply Chain Management in international trade and operation in the free economic zone of the Port of Ningbo. FESCO and Flow are planning to transport 100 thousand tons of wheat in 2019. Pursuant to the agreements, the parties will consider the possibility of mutual settlements in national currencies.all publications