FESCO sells cross-trades

Vladivostok: Fesco Ocean Management Ltd (FOML), a subsidiary of Far Eastern Shipping Company (FESCO), has finalised sale of its cross-trade services Asia - Australia, Asia - New Zealand and Australia/New Zealand - US West Coast (2 strings) to Hamburg Süd, which will continue to operate them under the FANZL Fesco Australia New Zealand Liner Services brand.  FESCO retains its existing Russian cabotage trades and international services between the Russian Far East and Asia (including China, Japan, Korea and Vietnam) and the US.  [03/07/06]