FESCO UNIT ASSUMES CONTROL OF CARRIERÆS CROSS TRADE ROUTES
FESCO Ocean Management Ltd. (FOML), a subsidiary of Russian ocean carrier Far Eastern Shipping Co. PLC, will assume the role of central management for all of FESCO's cross trade routes.
FOML will handle line management of FESCO Australia Line, FESCO New Zealand Express Line, FESCO Australia North America Line, and FESCO Russian Pacific Line.
Sergey Kozlov, chief executive officer of Fesco Agencies N.A. Inc. (FANA) and FOML, was recently promoted to vice president of FESCO, responsible for the cross trades liner services. Aspi Rostami, general manager and vice president of FANA and FOML, will assume overall responsibility as team coordinator of cross trade liner services. Susan Wood, chief financial officer of FANA, will oversee the financial alignment of cross trade liner services. All management personnel will remain at FESCO's Seattle, Wash. Office.