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.