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.
Ringing the changes again at NCC
Last month FESCO sold its 50% stake in National Container Company (NCC), Russia’s biggest container handler, for US$900M. This is almost 2.5 times the US$375M it paid when it bought Severstaltrans’ share in the business three years ago and more than twice the US$440M that First Quantum (FQ) offered in January.
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