Russia’s container market increase by 18% year-on-year
NewsIn February of this year alone, Russia’s container market rose by 23.5 per cent year-on-year to 533,000 TEU. The preceding month also saw growth.
Grip of steel tightens around ports
At the end of last year, Severstaltrans (SST), the transport and logistic service arm of Russia’s leading steelmaker Severstal, purchased a 25 per cent stake in Vostochny International Container Service (VICS), the country’s leading container terminal operator on the Russian Far East port range, from US-based CSX World Terminals (CSXWT).
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