FESCO Transportation Group («FESCO», «the Group») and Chinese logistics companies Best Ship Energy Management Co. Ltd. and Zhe Jiang Rui Neng Ocean Shipping Co. Ltd. have agreed to develop intermodal transportation of liquified natural gas (LNG) in tank containers from the Russian Far East to China. The tripartite agreement of intent was signed by the parties during the Eastern Economic Forum.
Using its experience and expertise, FESCO will develop logistics schemes for LNG transportation in tank containers from the Far East to China. Regular inland routes will be used to transport LNG to the northern provinces of China, while the transportation to the southern and central provinces will be performed using maritime service. FESCO is also ready to offer its rolling stock and fleet. In return, the companies from China will provide tank-containers and engage in LNG sale in China.
For the future plans the parties are considering expanding the geography of joint LNG transportation to other APAC countries.
Zhe Jiang Rui Neng Ocean Shipping Co. Ltd is logistics company established in 2018 in China, specializing on domestic maritime and international cargo transportation. The company is focused on transportation of LNG in tank containers.
Best Ship Energy Management Co. Ltd was established in 2015 in Chongqing free-trade zone. The company specializes on transportation of LNG usable as fuel for cars, vessels and gas stations.