The containership specialist said EBITDA from its shipping division increased to $12.5m from $4.4m last year.
It was also helped by the renewal of its fleet and a positive effect on costs from the devaluation of the rouble.
Shipping revenue rose 41.9% to $28.1m, driven by icebreakers and the new income stream from tanker operations for its bunkering business.
Fesco increased its market share in the Russian far east container trades to 45.2%.
