Yes. It is not solved (even in the books dedicated to bulgarian math olympiad) but it isn't difficult to solve it. 
It is not difficult do see that 

.
Using this and some logarithms'  properties 
http://www.andrews.edu/~calkins/math/we ... numb17.htmlike reciprocal property and base property 3 from "Four base properties" you can get an inequality with three variables 

 it is a Nesbit inequality for u,v,w.