Hard pressed Russian transport giant Fesco has let go of another ship. The nine-year-old 1,730 teu Vladimir has fetched just over $11m, according to brokers. It had been on charter to France’s CMA CGM until last year. The buyer of the ship turns out to be New Zealand’s Neptune Pacific Line, a vessel owner and operator specialising in the South Pacific islands region, operating a fleet of seven vessels.
Last week Splash reported New York-based shipping firm Sealift had purchased the 1,730 teu Vitim from Fesco for a price of around $11m. The Polish-built ship has been renamed Sagamore and has been placed under US flag.
Vladivostok-based Fesco has been restructuring for a couple of years. Its site now lists a fleet of 20 ships, a mix of container vessels, general cargo ships, icebreakers and a bulker.
In April this year Russian authorities arrested billionaire Ziyavudin Magomedov, the boss of Fesco’s parent company, on charges of embezzling over $35m of federal budgets.