Fesco Trasnportation Group could issue additional shares in the near future as its container volumes for the first nine months declined.

The restructuring Russian group is mulling a new sale worth 50% of its charter capital, according to a report from Russian media outfit RIA.

Meanwhile, Fesco saw its container throughput decline by 6.8% to 647,100 teu between January and September.

Fesco carried 82,500 teu in September compared to 82,600 teu in August and 73,100 teu in September 2015.

Its export-import sea container trade rose by 2.7% to 21,600 teu from August to September.

Fesco has been trying to find a viable debt solution over the past year and has hired a new chief restructuring officer to lead its survival efforts.