The former chairman of FESCO has formed a shipping line to provide links between West Africa and Russia.
Andrei Severilov, who founded JSC A7 Holding last year, has just debuted A7 African Cargo Lines with a first link set to be established between Novorossiysk and Nigeria’s port of Lagos using two chartered-in 700 teu boxships. Further plans include making calls in Senegal.
Severilov previously owned a 23.8% stake in FESCO, a containerline that the state took control of in 2022, after major shareholder, Ziyavudin Magomedov, was arrested and sent to jail over corruption charges.
Energy News Beat