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News and events

26 April 2018

Given recent media speculation regarding the bankruptcy petition filed against FESCO PLC (“Company”, parent company of FESCO Transportation Group) by Russian Management Company Arsagera ("Arsagera"), the Company reaffirms that such claim is groundless.

Given recent media speculation regarding the bankruptcy petition filed against FESCO PLC (“Company”, parent company of FESCO Transportation Group) by Russian Management Company Arsagera…
23 April 2018

Given recent media publications regarding Promyshlenniy Selskhokhozyaistvenniy Bank LLC (“Promselhozbank”) intention to file the bankruptcy petition against FESCO PLC (“Company”, the parent company of FESCO Transportation Group) to the Moscow Arbitration Court, the Company notes that the claim for its insolvency is groundless.

Given recent media publications regarding Promyshlenniy Selskhokhozyaistvenniy Bank LLC (“Promselhozbank”) intention to file the bankruptcy petition against FESCO PLC (“Company”, the parent…
19 April 2018

Within the framework of exhibition TransRussia/TransLogistica on April 18th, 2018 FESCO Transportation Group (“FESCO”) and Swiss InterRail Holding AG signed an agreement of intent. The parties agreed to cooperate in the field of development of joint transportation services in corridors China-Russia-Europe and back, as well as Europe-Russia.

Within the framework of exhibition TransRussia/TransLogistica on April 18th, 2018 FESCO Transportation Group (“FESCO”) and Swiss InterRail Holding AG signed an agreement of intent. The parties…
6 April 2018
FESCO Transportation Group (“Group”) notes media reports about intention of Russian Management Company Arsagera ("Arsagera") to file bankruptcy petition against FESCO PLC ("Company”, parent company of the Group). The Company announces that such claim is groundless and hereby kindly asks its clients and partners not to respond to the provocation.
FESCO Transportation Group (“Group”) notes media reports about intention of Russian Management Company Arsagera ("Arsagera") to file bankruptcy petition against FESCO PLC ("Company”, parent…
5 April 2018

FESCO Transport Group fleet was enlarged by a general cargo ship «FESCO Nevelsk» with a capacity of 511 TEU. «FESCO Nevelsk» acquisition is a part of FESCO fleet renewal program and of an increase in its own tonnage on sea container services with growth of shipping.

FESCO Transport Group fleet was enlarged by a general cargo ship «FESCO Nevelsk» with a capacity of 511 TEU. «FESCO Nevelsk» acquisition is a part of FESCO…
31 March 2018
FESCO Transportation Group (“Group”) notes media reports about investigative actions were conducted within certain Russian companies of the Group. All the companies of the Group are operating as usual and without interruption.
FESCO Transportation Group (“Group”) notes media reports about investigative actions were conducted within certain Russian companies of the Group. All the companies of the Group are operating as…
30 March 2018

FESCO Transportation Group (the “Group”, “FESCO”) announces changes in the composition of the Management Board of FESCO JSC (parent company of the Group).

FESCO Transportation Group (the “Group”, “FESCO”) announces changes in the composition of the Management Board of FESCO JSC (parent company of the Group).

16 February 2018

FESCO Transportation Group dispatches its first export block train from Krasnoyarsk (terminal BLTK) to Chengdu (Sichuan Province) through Mongolia, thus expanding the geographical reach of inland services operated on route between Russia and China.

FESCO Transportation Group dispatches its first export block train from Krasnoyarsk (terminal BLTK) to Chengdu (Sichuan Province) through Mongolia, thus expanding the geographical reach of inland…
1 February 2018

FESCO Transportation Group (the “Group”, “FESCO”) announces changes in the composition of the Management Board of FESCO (parent company of the Group).

FESCO Transportation Group (the “Group”, “FESCO”) announces changes in the composition of the Management Board of FESCO (parent company of the Group).

25 December 2017
On December 25, 2017, Extraordinary General Meeting of FESCO PLC shareholders (EGM) was held in Moscow. Shareholders elected the new compositions of the Board of Directors as follows:
On December 25, 2017, Extraordinary General Meeting of FESCO PLC shareholders (EGM) was held in Moscow. Shareholders elected the new compositions of the Board of Directors as follows:
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19 April 2018

Within the framework of exhibition TransRussia/TransLogistica on April 18th, 2018 FESCO Transportation Group (“FESCO”) and Swiss InterRail Holding AG signed an agreement of intent. The parties agreed to cooperate in the field of development of joint transportation services in corridors China-Russia-Europe and back, as well as Europe-Russia.

Within the framework of exhibition TransRussia/TransLogistica on April 18th, 2018 FESCO Transportation Group (“FESCO”) and Swiss InterRail Holding AG signed an agreement of intent. The parties…
5 April 2018

FESCO Transport Group fleet was enlarged by a general cargo ship «FESCO Nevelsk» with a capacity of 511 TEU. «FESCO Nevelsk» acquisition is a part of FESCO fleet renewal program and of an increase in its own tonnage on sea container services with growth of shipping.

FESCO Transport Group fleet was enlarged by a general cargo ship «FESCO Nevelsk» with a capacity of 511 TEU. «FESCO Nevelsk» acquisition is a part of FESCO…
31 March 2018
FESCO Transportation Group (“Group”) notes media reports about investigative actions were conducted within certain Russian companies of the Group. All the companies of the Group are operating as usual and without interruption.
FESCO Transportation Group (“Group”) notes media reports about investigative actions were conducted within certain Russian companies of the Group. All the companies of the Group are operating as…
30 March 2018

FESCO Transportation Group (the “Group”, “FESCO”) announces changes in the composition of the Management Board of FESCO JSC (parent company of the Group).

FESCO Transportation Group (the “Group”, “FESCO”) announces changes in the composition of the Management Board of FESCO JSC (parent company of the Group).

16 February 2018

FESCO Transportation Group dispatches its first export block train from Krasnoyarsk (terminal BLTK) to Chengdu (Sichuan Province) through Mongolia, thus expanding the geographical reach of inland services operated on route between Russia and China.

FESCO Transportation Group dispatches its first export block train from Krasnoyarsk (terminal BLTK) to Chengdu (Sichuan Province) through Mongolia, thus expanding the geographical reach of inland…
1 February 2018

FESCO Transportation Group (the “Group”, “FESCO”) announces changes in the composition of the Management Board of FESCO (parent company of the Group).

FESCO Transportation Group (the “Group”, “FESCO”) announces changes in the composition of the Management Board of FESCO (parent company of the Group).

25 December 2017
On December 25, 2017, Extraordinary General Meeting of FESCO PLC shareholders (EGM) was held in Moscow. Shareholders elected the new compositions of the Board of Directors as follows:
On December 25, 2017, Extraordinary General Meeting of FESCO PLC shareholders (EGM) was held in Moscow. Shareholders elected the new compositions of the Board of Directors as follows:
20 December 2017

Over the year of implementing the project “Shanghai-Moscow in 20 days”, from December 2016 FESCO Transportation Group has reduced the average time of cargo delivery from Shanghai to Moscow by six days, from 31 to 25 days. Now, FESCO transports 60% of containers in less than 25 days, at that more than 30% of goods are transported to Moscow in 15-20 days, i.e. almost every third container, and another 28% - in 21-25 days.

Over the year of implementing the project “Shanghai-Moscow in 20 days”, from December 2016 FESCO Transportation Group has reduced the average time of cargo delivery from Shanghai to Moscow by six…
12 December 2017

Commercial Port of Vladivostok (the "Port", part of FESCO Transportation Group) has set an overtime record on cargo volumes handled: for 11 months 2017 the Port has handled more than 7 mln tons of various cargos.

Commercial Port of Vladivostok (the "Port", part of FESCO Transportation Group) has set an overtime record on cargo volumes handled: for 11 months 2017 the Port has handled more than 7 mln tons…
7 December 2017

FESCO vessels transported national economic goods for Chukotka Autonomous Okrug and other regions of the Russian Federation during northern delivery of cargoes-2017.

FESCO vessels transported national economic goods for Chukotka Autonomous Okrug and other regions of the Russian Federation during northern delivery of cargoes-2017.

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26 April 2018

Given recent media speculation regarding the bankruptcy petition filed against FESCO PLC (“Company”, parent company of FESCO Transportation Group) by Russian Management Company Arsagera ("Arsagera"), the Company reaffirms that such claim is groundless.

Given recent media speculation regarding the bankruptcy petition filed against FESCO PLC (“Company”, parent company of FESCO Transportation Group) by Russian Management Company Arsagera…
23 April 2018

Given recent media publications regarding Promyshlenniy Selskhokhozyaistvenniy Bank LLC (“Promselhozbank”) intention to file the bankruptcy petition against FESCO PLC (“Company”, the parent company of FESCO Transportation Group) to the Moscow Arbitration Court, the Company notes that the claim for its insolvency is groundless.

Given recent media publications regarding Promyshlenniy Selskhokhozyaistvenniy Bank LLC (“Promselhozbank”) intention to file the bankruptcy petition against FESCO PLC (“Company”, the parent…
6 April 2018
FESCO Transportation Group (“Group”) notes media reports about intention of Russian Management Company Arsagera ("Arsagera") to file bankruptcy petition against FESCO PLC ("Company”, parent company of the Group). The Company announces that such claim is groundless and hereby kindly asks its clients and partners not to respond to the provocation.
FESCO Transportation Group (“Group”) notes media reports about intention of Russian Management Company Arsagera ("Arsagera") to file bankruptcy petition against FESCO PLC ("Company”, parent…
21 November 2017
FESCO Transportation Group (the “Group”) announces the completion of the restructuring process in respect of its 8.00% senior secured notes due 2018 and 8.75% senior secured notes due 2020 (the “USD Notes”). The restructuring was successfully implemented using debt financing provided by VTB Bank.
FESCO Transportation Group (the “Group”) announces the completion of the restructuring process in respect of its 8.00% senior secured notes due 2018 and 8.75% senior secured notes due 2020 (the…
7 November 2017

Far-Eastern Shipping Company PLC and its subsidiaries (together, the “Group”) announce that the High Court of Justice of England and Wales (the “Court”) made an order dated 3 November 2017 sanctioning the scheme of arrangement (the “Scheme”) proposed by the Group.

Far-Eastern Shipping Company PLC and its subsidiaries (together, the “Group”) announce that the High Court of Justice of England and Wales (the “Court”) made an order dated 3 November 2017…
7 November 2017

Far-Eastern Shipping Company PLC  and its subsidiaries (together, the “Group”) announce the execution of a facility agreement (the “Facility Agreement”) with VTB Bank PJSC (“VTB Bank”), for a total amount of up to USD 680 million (the “Debt Financing”), which the Group will use to repay and/or settle a significant portion of its existing financial liabilities. VTB Bank approved the terms of the Debt Financing last week.

Far-Eastern Shipping Company PLC  and its subsidiaries (together, the “Group”) announce the execution of a facility agreement (the “Facility Agreement”) with VTB Bank PJSC (“VTB Bank”), for…
27 October 2017

Far-Eastern Shipping Company PLC and its subsidiaries (together, the “Group”) announces today that the scheme meeting (the “Scheme Meeting”), convened for the purposes of approving the scheme of arrangement (the “Scheme”) to implement the restructuring of the Group’s indebtedness under the outstanding 8.00% Senior Secured Notes due 2018 and 8.75% Senior Secured Notes due 2020 (together the “USD Notes”) as described in the explanatory statement published on 11 October 2017 was duly held on 27 October 2017.

Far-Eastern Shipping Company PLC and its subsidiaries (together, the “Group”) announces today that the scheme meeting (the “Scheme Meeting”), convened for the purposes of approving the scheme of…
24 October 2017

Far-Eastern Shipping Company PLC (“FESCO”) announces today that, on Friday 20 October 2017, FESCO obtained an approval from the requisite majority of its shareholders with respect to the guarantee provided by FESCO to the holders (the “Noteholders”) of the outstanding 8.00% Senior Secured Notes due 2018 and 8.75% Senior Secured Notes due 2020 (together the “USD Notes”) on 6 September 2017 (the “FESCO Guarantee”), in support of the obligations under the USD Notes.  

Far-Eastern Shipping Company PLC (“FESCO”) announces today that, on Friday 20 October 2017, FESCO obtained an approval from the requisite majority of its shareholders with respect to the…
13 October 2017
Far-Eastern Shipping Company PLC and its subsidiaries (together the “Group”) announce today its key financial and operational metrics for August 2017 and for the 2Q 2017 in accordance with the standstill and lock-up agreement between the Group and an ad hoc group of holders of the 8.00% Senior Secured Notes due 2018 and 8.75% Senior Secured Notes due 2020.
Far-Eastern Shipping Company PLC and its subsidiaries (together the “Group”) announce today its key financial and operational metrics for August 2017 and for the 2Q 2017 in accordance with the…
5 October 2017

Far-Eastern Shipping Company PLC and its subsidiaries (together, the “Group”) announce today that a Supplemental Practice Statement Letter in respect of the scheme of arrangement (the “Scheme”) launched on 29 September 2017 is circulated to implement the restructuring of the Group’s indebtedness under the outstanding the 8.00% Senior Secured Notes due 2018 and 8.75% Senior Secured Notes due 2020 (together the “USD Notes”). 

Far-Eastern Shipping Company PLC and its subsidiaries (together, the “Group”) announce today that a Supplemental Practice Statement Letter in respect of the scheme of arrangement (the “Scheme”)…
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