English Arabic Armenian Azerbaijani Chinese (Simplified) Chinese (Traditional) Czech Danish Dutch Estonian Filipino Finnish French Galician Georgian German Greek Hindi Hungarian Icelandic Indonesian Italian Japanese Korean Latvian Lithuanian Malay Maltese Norwegian Persian Polish Portuguese Russian Slovak Slovenian Spanish Swedish Thai Turkish Ukrainian Vietnamese

Ruscon reports Russian results rise

PRESS RELEASE

June 11, 2015: Intermodal operator Ruscon has increased its market share in Russia, maintaining a strong position in a country which has seen imports fall by 20% in the last 12 months. In the first quarter of 2015, Ruscon handled 32,250 laden containers compared to 28,497 in the same period last year. An increase of 13%.

Vladimir Bychkov, CEO of GCS, Ruscon's parent company, says that handling a higher than average volume of import goods also benefits its ability to handle export business.
"Imports have fallen but export demand has grown since the devaluation of the rouble and the fall in oil prices. So there is a shortage of empty containers for exports. Our strong position in the import market means we are able to access empty containers more easily and so build our market share" says Mr Bychkov.

Ruscon performed particularly well in handling containers arriving at Russian Pacific ports, despite overall volumes at Vladivostok and Vostochniy falling by 20%. "We almost tripled our volumes on the Pacific route as a result of launching our own weekly, fixed day blocks train between Moscow and Vostochniy in the second half of 2014," says Mr Bychkov.

The majority of Ruscon's business is handled through the Black Sea Port of Novorossiysk. Total container volumes through the port fell by 14.5%, but Ruscon increased its business to 22,989 containers compared with 20,403 in Q1 2014.

The Port of St Petersburg saw the greatest decline overall in the quarter, falling 28.6 percent, largely as a result of collapsed oil prices as well as economic sanctions imposed by the European Union and the United States. In spite of this, Ruscon managed to increase its business slightly, handling 7,635 containers compared with 7,526 in Q1 2014.

Mr Bychkov attributes Ruscon's success to a well balanced structure of customers, with nearly equal proportions of export and imports, as well as to strong relationships with the major customers and carriers. "We offer cost-efficient and reliable services in the key gateways of Russia, as well as holding a strong position in the main segments of both Russian imports (retail, foods, electronics, automotive) and exports (wood & paper, agribulks and chemicals)."

GCS belongs to one of Russia's largest transport holding companies, Delo, which also owns several terminal assets in the port of Novorossiysk. The GCS Group consists of seven companies in various fields of container shipping including agency, logistics and terminal operations. It is active in all of the major container ports and provinces of Russia, as well as in neighbouring CIS countries and overseas. Ruscon is the multimodal subsidiary of GCS.

More News

Written on 22/08/2017, 21:25
ocean-carriers-invest-in-new-york-exchangeNEW YORK, NY: August 21, 2017. Hapag-Lloyd and CMA-CGM has joined with GE Ventures and Goldman Sachs to invest US$13 million in the New York Shipping...
Written on 22/08/2017, 20:19
huge-revenue-increase-for-turkish-cargoISTANBUL: August 22, 2017. Turkish Airlines has reported cargo revenue of US$580 million for the first six months of 2017 (H1) – a rise of 25 percent...
Written on 22/08/2017, 19:15
freightweek-news-update-week-34DOHA: August 23, 2017. Qatar Airways Cargo has signed an agreement with DoKaSch Temperature Solutions to offer its Opticooler® range of...
Written on 22/08/2017, 16:07
hawaii-shippers-to-have-third-liner-serviceHonolulu, HI: August 21, 2017. Tote Maritime, part of the Alaska-based Saltchuck logistics group, is to launch a new ocean service to Hawaii from the U.S....
Written on 18/08/2017, 20:38
cyber-attack-to-hit-a-p-moller-maersk-third-quarterCOPENHAGEN: August 16, 2017. A.P. Moller-Maersk says the 'Not Petya' cyber attack that hit Maersk Line, APM Terminals and Damco at the end of June is...
Written on 18/08/2017, 15:55
new-amazon-fulfillment-center-at-sacramento-air-parkSACRAMENTO, CA: August 17, 2017. Amazon is putting the finishing touches to an 855,000 square feet, four-story fulfillment center at Sacramento...
Written on 17/08/2017, 21:45
nippon-express-signs-kazakhstan-mouASTANA, Kazakhstan: August 16, 2017. Nippon Express has signed an MoU with Kazakhstan's railway company Kazakhstan Temir Zholy (KTZ) to develop container...
Written on 16/08/2017, 22:16
descartes-acquires-macropoint-and-new-shareholderWATERLOO, ON: August 16, 2017. Descartes Systems Group is to acquire Cleveland, OH-based transport visibility network MacroPoint for US$107...
Written on 16/08/2017, 21:45
jebel-ali-ftz-gains-us-80-billionDUBAI: August 14, 2017. Jebel Ali Free Zone (Jafza) increased the value of its non-oil foreign trade by US$80.2 billion in 2016 with volumes rising 17...
Written on 16/08/2017, 20:46
wincanton-to-operate-from-dp-world-london-gatewayLONDON: August 16, 2017. Wincanton, one Britain's largest logistics companies, is to establish a truck base at DP World London Gateway's logistics park...
Written on 16/08/2017, 20:03
freightweek-news-update-week-33FRANKFURT: August 18, 2017. Jettainer is now offering short-notice, short-term leases on its range of horse boxes. Read more: horsebox.pdf HAMBURG:...
Written on 15/08/2017, 23:01
swiss-worldcargo-reorganizes-the-americasZURICH: August 15, 2017. The air cargo division of SWISS is to reduce its American organization from three to two regions effective October 01 covering...
Written on 10/08/2017, 14:58
zeaborn-now-owns-six-rickmers-line-shipsBREMEN/HAMBURG: August 07, 2017. The Zeaborn Group has acquired five 30,000dwt 'Superflex Heavy Lift' vessels from Rickmers Holding. The purchase price...
Written on 09/08/2017, 21:06
qatar-lifts-visa-requirement-for-latam-marketDOHA: August 09, 2017. Qatar Airways has introduced visa-free entry for citizens from 80 countries with those from the EU, Switzerland and Turkey allowed...
Written on 09/08/2017, 16:48
freightweek-news-update-week-32LONDON, Heathrow: August 12, 2017. To celebrate World Elephant Day and help stop illegal trade of wildlife, Heathrow has installed a pop-up interactive...
Written on 08/08/2017, 21:57
another-record-ebit-for-deutsche-post-dhlBONN: August 08, 2017. Deutsche Post DHL (DPDHL) has reported a 4.7 percent increase in net profit to €1.18 billion on a 5.8 percent rise in revenue to...
Written on 07/08/2017, 21:23
amazon-operator-atsg-to-add-a321-freighter-conversionsBEAVERTON, OR/WILMINGTON, OH: August 07, 2017. Conversion specialist Precision Aircraft Solutions (PAS) and Air Transport Services Group (ATSG) have...
Written on 03/08/2017, 20:14
cargo-still-challenging-despite-turnaround-says-lufthansaFRANKFURT: August 03, 2017. The Lufthansa Group has reported a 99 percent rise in pre-tax profit to €1.03 billion on a 12.7 percent increase in revenue to...
Written on 02/08/2017, 20:19
hong-kong-air-cargo-leases-atlasPURCHASE, NY: August 02, 2017. Atlas Air Worldwide Holdings (AAWH) has leased three B747-400 freighters under an ACMI contract beginning in September 2017...
Written on 02/08/2017, 19:27
dunkerque-to-power-brittany-ferriesDUNKERQUE: August 01, 2017. A month after signing an agreement to develop an LNG station to supply tank trucks, Dunkerque LNG and Total Marine Fuels...

- powered by Quickchilli.com -