2008 — 2012. New business management system
2008 FESCO Transportation Group enters a new stage in its development by switching to managing assets by business type. FESCO Transportation Group management company begins operation.
Moody’s international rating agency publishes the first corporate rating for FESCO Group – B1 with forecasted stability.
FESCO launches regular services from Qingdao to its China Direct Line (North). Previously, FESCO’s ships on this line would travel between Vostochny - Vladivostok – Shanghai - Xingang – Vostochny Port - Vladivostok.
Based on a survey of executives and specialists of water transport companies in the Ukraine, the opening of the Ukrtranscontainer terminal is named the industry’s event of the year.
FESCO Transportation Group launches regular railway container services on the Vostochny-Novosibirsk line (FESCO Siberian Shuttle).
FESCO Transportation Group creates a single logistics operator, FESCO Integrated Transport, which consolidates the functions of two leading intermodal service operators – TIS and Fesco Lines Vladivostok.
FESCO issues 590,250,000 additional shares for 640 million US dollars. The amount received from the additional share issue exceeded 15 billion rubles, or approximately 640 million US dollars. Existing shareholders exercised preemption rights to purchase approximately 262 million of newly issued shares, and approximately 328 million shares were sold by public subscription.
FESCO purchases 50% of the Vladivostok container terminal.
FESCO wins the IV Business Awards organized by Golden Horn publishing company and the Administration of Primorsky Territory and is named Company of the Year for 2007.
FESCO Transportation Group’s container park reaches 50,000 TEU – the number represents containers managed by all operators in the Group.
FESCO receives a new container carrier - FESCO VITIM - built by Stocznia Szczecinska Nowa.
FESCO Transportation Group is named the Best Public Company in the category ‘Transport and Automotive Engineering’ based on the Thomson Reuters Extel Survey — Focus CIS 2008 organized by Thomson Reuters in partnership with Interfax Information Services Group.
FESCO receives another container carrier - FESCO VORONEZH – built by Stocznia Szczecinska Nowa.
2011 FESCO Transportation Group reorganizes its container business management system. A decision is made within the scope of the FESCO Transportation Group development strategy to create a single group-wide logistics integrator to manage all types of the Group’s businesses and companies involved in provision of various container-related services. The new integrator would supervise services of sea, rail and motor containerized cargo transportation, terminal handling as well as integrated logistics services, intermodal transportation and refrigerated cargo transportation services. The main objective of the structural organization was to improve the efficiency and competitiveness of FESCO Group’s container business and its client services. The new structure was to ensure the implementation of the strategy through consolidation and vertical integration of container business management within a single center, with uniform standards of business conduct, operational accounting and planning, and potentially a uniform client interface. The logistics integrator was to be created on the basis of Fesco Integrated Transport (FIT).
2012 The company keeps developing container services represented by its line logistics division. The company introduces new ‘single window’ and ‘door-to-door’ services for container delivery between Novosibirsk and Vladivostok as well as a container service between Turkey and Novorossiysk via Sochi.
FESCO Group acquires control over Commercial Port of Vladivostok (CPV) by purchasing 47.78% of its voting shares. Through this transaction, FESCO JSC increases its share in CPV’s charter capital from 50% to 97.48%, which allows it to establish full operational control over the terminals for purposes of optimization of cargo processing and storage.
Within the scope of its strategy for priority development of intermodal operations, FESCO implemented a fleet optimization program that required sale of tonnage not utilized for FESCO’s services. The goal of the changes was to turn FESCO’s marine services into a pillar for the line logistics division, with a contemporary fleet composed primarily of container carriers, multipurpose vessels and icebreakers.
On December 13, 2012, Summa Group and GHP indirectly acquired 49.99% and 23.75%, respectively, of shares in FESCO OJSC – FESCO Group’s parent company. The transaction was financed by debt instruments and the investors’ own funds. In December 2012, TPG joined Summa Group’s investment in FESCO OJSC, acquiring certain rights in respect to oversight of FESCO’s operations and an indirect 17.5% economic interest in FESCO Group.