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Russian Magnates Set to Battle Over State Port Sales: Freight

Summa Group, owner of Russian ports and a Rotterdam oil terminal, is spending $1.4 billion to buy a stake in Fesco Group, a Pacific port and ship operator, to form a Eurasian freight network and challenge Suez Canal shipping.

Russia’s rail transit may surge as electronic customs clearance is introduced and dispatching improved, Summa says. Asia-Europe seaborne traffic reached 13.5 million containers in 2011, a $12.2 billion market, Drewry Maritime Research says. Russia carried 101,500 containers between Europe and Asia last year, according to Moscow-based Infranews, a research institute.