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News and events

News and events

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.

6 December 2017
Customers will enjoy free storage of containers during winter holidays.
Customers will enjoy free storage of containers during winter holidays.
4 December 2017
Under the contract executed with Haval Motor Manufacturing Rus LLC (a subsidiary of Great Wall Motors, a Chinese car manufacturer) FESCO Transportation Group (“FESCO”, the “Company”) delivered the first batch of equipment to the Tula region for the Haval car plant which is currently under construction. The cargo was transported by a special container mono train through an inland corridor via Mongolia.
Under the contract executed with Haval Motor Manufacturing Rus LLC (a subsidiary of Great Wall Motors, a Chinese car manufacturer) FESCO Transportation Group (“FESCO”, the “Company”) delivered the…
28 November 2017

Classification society Russian Maritime Register of Shipping (RS) has conducted an Integrated Control System (ICS) external audit for FESCO for compliance with the International ISO 9001:2008 standard (Quality Management System), the International ISO 14001:2004 (Environmental Management System), OHSAS 18001:2007 (Occupational Safety and Health Management System) standard, as well RS renewed FESCO Ship Security Management Systems (ISPS) for compliance with the International Safety Management (ISM) Code. 

Classification society Russian Maritime Register of Shipping (RS) has conducted an Integrated Control System (ICS) external audit for FESCO for compliance with the International ISO 9001:2008…
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…
21 November 2017

FESCO Transportation Group has completed transportation of five tunnel-boring shields from Shanghai to Moscow for Chinese corporation CRCC. The equipment will be used to construct stations of the Third interchange circuit of the Moscow metro.

FESCO Transportation Group has completed transportation of five tunnel-boring shields from Shanghai to Moscow for Chinese corporation CRCC. The equipment will be used to construct stations of the…
16 November 2017

FESCO Transportation Group will deliver production equipment to the Haval car plant, which is under construction in the Tula region. The contract was signed between FESCO Integrated Transport LLC (a part of FESCO Group) and Haval Motor Manufacturing Rus LLC (a subsidiary of Great Wall Motors, a Chinese car manufacturer).

FESCO Transportation Group will deliver production equipment to the Haval car plant, which is under construction in the Tula region. The contract was signed between FESCO Integrated Transport LLC…
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…
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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.

6 December 2017
Customers will enjoy free storage of containers during winter holidays.
Customers will enjoy free storage of containers during winter holidays.
4 December 2017
Under the contract executed with Haval Motor Manufacturing Rus LLC (a subsidiary of Great Wall Motors, a Chinese car manufacturer) FESCO Transportation Group (“FESCO”, the “Company”) delivered the first batch of equipment to the Tula region for the Haval car plant which is currently under construction. The cargo was transported by a special container mono train through an inland corridor via Mongolia.
Under the contract executed with Haval Motor Manufacturing Rus LLC (a subsidiary of Great Wall Motors, a Chinese car manufacturer) FESCO Transportation Group (“FESCO”, the “Company”) delivered the…
28 November 2017

Classification society Russian Maritime Register of Shipping (RS) has conducted an Integrated Control System (ICS) external audit for FESCO for compliance with the International ISO 9001:2008 standard (Quality Management System), the International ISO 14001:2004 (Environmental Management System), OHSAS 18001:2007 (Occupational Safety and Health Management System) standard, as well RS renewed FESCO Ship Security Management Systems (ISPS) for compliance with the International Safety Management (ISM) Code. 

Classification society Russian Maritime Register of Shipping (RS) has conducted an Integrated Control System (ICS) external audit for FESCO for compliance with the International ISO 9001:2008…
21 November 2017

FESCO Transportation Group has completed transportation of five tunnel-boring shields from Shanghai to Moscow for Chinese corporation CRCC. The equipment will be used to construct stations of the Third interchange circuit of the Moscow metro.

FESCO Transportation Group has completed transportation of five tunnel-boring shields from Shanghai to Moscow for Chinese corporation CRCC. The equipment will be used to construct stations of the…
16 November 2017

FESCO Transportation Group will deliver production equipment to the Haval car plant, which is under construction in the Tula region. The contract was signed between FESCO Integrated Transport LLC (a part of FESCO Group) and Haval Motor Manufacturing Rus LLC (a subsidiary of Great Wall Motors, a Chinese car manufacturer).

FESCO Transportation Group will deliver production equipment to the Haval car plant, which is under construction in the Tula region. The contract was signed between FESCO Integrated Transport LLC…
26 October 2017

With support of the Trade Mission of Russia in China and the Russian Export Centre FESCO Transportation Group held a business mission in the city of Zhengzhou. The main aim of the business mission was to create conditions for increase of freight traffic between Russian regions and the Henan province.

With support of the Trade Mission of Russia in China and the Russian Export Centre FESCO Transportation Group held a business mission in the city of Zhengzhou. The main aim of the business…
21 September 2017

FESCO Transportation Group successfully delivered two hydraulic turbine wheels manufactured at the Leningrad Metal Works (a Power machines company) to the Krasnoyarsk hydropower plant. Each wheel has an overall diameter of 8.5 m and weighs 244 tons.

FESCO Transportation Group successfully delivered two hydraulic turbine wheels manufactured at the Leningrad Metal Works (a Power machines company) to the Krasnoyarsk hydropower plant. Each wheel…
13 September 2017

FESCO Transportation Group expands its rail services and launches FESCO Yenisei Shuttle (FYS) – a regular container train running on a looped route Vladivostok-Krasnoyarsk-Vladivostok.

FESCO Transportation Group expands its rail services and launches FESCO Yenisei Shuttle (FYS) – a regular container train running on a looped route Vladivostok-Krasnoyarsk-Vladivostok.

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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”)…
29 September 2017
Far-Eastern Shipping Company PLC and its subsidiaries (together, the “Group”) announce today that a Practice Statement Letter in respect of a proposed scheme of arrangement (the “Scheme”) is circulated to implement the restructuring of the Group’s indebtedness (the “Restructuring”) 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 Practice Statement Letter in respect of a proposed scheme of arrangement (the “Scheme”)…
22 September 2017

Far-Eastern Shipping Company PLC and its subsidiaries (together the «Group») announce today that noteholders representing more than 75% of the outstanding 8.00% Senior Secured Notes due 2018 and 8.75% Senior Secured Notes due 2020 (together the «USD Notes») have entered into the standstill and lock-up agreement (the «LUA») to facilitate the implementation of the restructuring of the Group’s indebtedness under the USD Notes (the «Restructuring»).

Far-Eastern Shipping Company PLC and its subsidiaries (together the «Group») announce today that noteholders representing more than 75% of the outstanding 8.00% Senior Secured Notes due…
14 September 2017

Far-Eastern Shipping Company PLC and its subsidiaries (together the “Group”) announce today its key financial and operational metrics for the period January-July 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 the period January-July 2017 in accordance with the…
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