About the company DVMP
Security pageDVMP is a transport and logistics group known under the FESCO brand. It carries containers by sea, handles them in its own port in Vladivostok and delivers them by rail deep into the country. Its shares trade on the Moscow Exchange under the ticker FESH.
What the company does
The group's value lies in the way its links connect. On their own, a sea carrier, a port and a rail operator each compete in their own market; together they sell a door-to-door service, where the customer pays for the result rather than for separate legs of the route. A service like this is harder to copy and easier to hold on to.
The eastern direction became the main one for Russia after trade flows turned around, and the group found itself at the very point of that turn: its port and its fleet work precisely on the Asian leg.
The vulnerability is the same as for the whole logistics industry: freight rates are volatile, while the infrastructure — vessels, terminals, railcars — is expensive and cannot stand idle. In addition, the capacity of the railways heading east is physically limited, and no investment by the group removes that constraint.
Business lines
Sea shipping
Container lines linking Russian ports with Asia.
Port business
The container terminal in Vladivostok — the key asset on the eastern direction.
Rail transport
Its own fleet of flatcars and the organisation of delivery deep into the country.
Logistics services
Warehouse handling, customs clearance, delivery to the customer's warehouse.
History
- 1880A shipping company is founded in the Far East — the historical beginning of the company.
- 1992Transformation into a joint-stock company.
- 2010-еAssembly of the full logistics chain: fleet, port, rail operator.
- 2023The controlling stake passes to the state.
Business review
Strengths and weaknesses describe the business itself. Opportunities and threats describe what may happen around it.
Strengths
- A position on the direction that has become the main one for foreign trade.
- Its own vessels, terminal and rolling stock in a single chain.
Weaknesses
- Rail capacity in the east is limited and is being expanded slowly.
- Container shipping rates fluctuate sharply.
- The change of ownership in favour of the state alters the company's priorities.
Opportunities
- The eastward turn of foreign trade fills precisely the routes where the group operates.
- The connected "sea — port — railway" chain sells for more than the sum of its parts.
- An expansion of eastern rail capacity would increase the volume of shipments.
- Growing containerisation of cargo widens the market as a whole.
Threats
- Freight and logistics rates are volatile and fall faster than costs can be cut.
- The capacity of the railways heading east is physically limited.
- The infrastructure is capital-intensive: vessels, terminals and railcars cannot stand idle.
- Sanctions restrictions complicate fleet operations and insurance.
Frequently asked questions
What does the company DVMP do?
The group carries containers by sea, handles them at its own port terminal and delivers them by rail deep into the country, and also provides warehousing and customs services.
What does combining a fleet, a port and a railway in one group achieve?
The ability to sell delivery as a whole — from the shipper to the consignee's warehouse. The customer does not need to negotiate with three carriers and take responsibility for the hand-offs between them, while for the group such a service earns more than the sum of the separate legs.
Why is railway capacity so important?
Because it is a physical limit: however many containers arrive at the port, only as many will travel deep into the country as the track lets through. Widening this bottleneck is not in the carrier's power.
Issuer profile
What the company does
The company is classified under the «Transport» sector, using the taxonomy we apply when comparing securities with one another.
The same sector holds 4 issuers on the platform, and their figures are computed by one method — so this company's revenue, profit and leverage can be compared with them directly.
The company is registered in Russia and identified in regulatory disclosure by tax number 2540047110. That number locates its statements in state registries regardless of how its name is spelled — and the spelling differs even between official documents.
Listed securities
The issuer has 1 security listed: 1 share class. All are shown on this page, including those trading in different modes and different currencies.
Across Moscow Exchange quotation list levels the securities split as follows: 1 at level 2. The level reflects how strict the disclosure, turnover and track-record requirements the issue meets are — not how attractive the investment is.
Financial statements
The most recent annual report we hold is for 2025 under RAS. The standard is named for a reason: IFRS and RAS compute the same quantities by different rules, disagree by design and are never averaged.
Revenue for 2025 was 6.03B ₽.
That is 27.8 % less than in 2024, when revenue was 8.36B ₽. The comparison stays within one reporting standard — otherwise the decline could turn out to be a change of accounting rules and nothing more.
2025 closed with a loss of −4.21B ₽.
Equity stands at 18.63B ₽ against total assets of 65.50B ₽. The difference between the two is the company's liabilities, and the larger it is relative to equity, the more the business depends on borrowed money.
Price as of 11 October 2026 · This section is assembled from our own data on the company's securities, dividends and financial statements. It is a description, not a recommendation.