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News and events

News and events

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…
11 October 2017

Far-Eastern Shipping Company PLC and its subsidiaries (together, the “Group”) has issued a notice that, by an order dated 11 October 2017, the High Court of Justice of England and Wales (the "Court") has directed that a scheme meeting (the “Scheme Meeting”) be convened of the scheme creditors (the “Scheme Creditors”) on 27 October 2017 for the purposes of considering and, if thought fit, 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 previously set out in the Practice Statement Letter of 29 September 2017. 

Far-Eastern Shipping Company PLC and its subsidiaries (together, the “Group”) has issued a notice that, by an order dated 11 October 2017, the High Court of Justice of England and Wales (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…
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…
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…
14 September 2017

Far-Eastern Shipping Company PLC and its subsidiaries (together the “Group”) announce today that noteholders representing more than 50% 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 50% of the outstanding 8.00% Senior Secured Notes due 2018 and…
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.

7 September 2017

Within the frames of the Eastern Economic Forum TechnoNICOL Corporation and FESCO Transportation Group have signed a memorandum of intent aimed at increasing export shipments of construction materials to South-East Asia. The document was signed by Alexander Isurin, President of FESCO, and Sergey Kolesnikov, President of TechnoNICOL.

Within the frames of the Eastern Economic Forum TechnoNICOL Corporation and FESCO Transportation Group have signed a memorandum of intent aimed at increasing export shipments of construction…
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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.

7 September 2017

Within the frames of the Eastern Economic Forum TechnoNICOL Corporation and FESCO Transportation Group have signed a memorandum of intent aimed at increasing export shipments of construction materials to South-East Asia. The document was signed by Alexander Isurin, President of FESCO, and Sergey Kolesnikov, President of TechnoNICOL.

Within the frames of the Eastern Economic Forum TechnoNICOL Corporation and FESCO Transportation Group have signed a memorandum of intent aimed at increasing export shipments of construction…
6 September 2017

On September 06th within the framework of the Eastern Economic Forum FESCO Transportation Group has signed agreements on cooperation with its Chinese partners – Zhengzhou International Hub Development and Construction Co., Ltd. (“ZIH”) and Shanghai International Port Group.

On September 06th within the framework of the Eastern Economic Forum FESCO Transportation Group has signed agreements on cooperation with its Chinese partners – Zhengzhou International Hub…
30 August 2017

FESCO Transportation Group expands the network of its regular rail services from China and together with SWIFT, a Chinese transportation company launches FESCO Mongolian Shuttle - a container train destined from Xiamen to Moscow.

FESCO Transportation Group expands the network of its regular rail services from China and together with SWIFT, a Chinese transportation company launches FESCO Mongolian Shuttle - a container…
28 August 2017

FESCO Transportation Group will ensure delivery of two hydraulic turbine wheels, each with a diameter of 8.5 m and weight of 244 tons, from the Leningrad Metal Works in St. Petersburg (part of the Power Machines Corporation) to the Krasnoyarsk hydroelectric power station. These are the heaviest radiaxial wheels in Russia ever produced by Power Machines in the history of hydraulic equipment manufacturing at the Leningrad Metal Works.

FESCO Transportation Group will ensure delivery of two hydraulic turbine wheels, each with a diameter of 8.5 m and weight of 244 tons, from the Leningrad Metal Works in St. Petersburg (part of…
22 August 2017
FESCO Transportation Group sent its 2,500th block train, FЕSCO Moscow Shuttle (FMS), from Vladivostok. Since launching in August 2009, FMS delivered 350,000 TEU to Moscow.
FESCO Transportation Group sent its 2,500th block train, FЕSCO Moscow Shuttle (FMS), from Vladivostok. Since launching in August 2009, FMS delivered 350,000 TEU to Moscow.
20 July 2017

FESCO Transportation Group (FESCO, the Group) ensured the delivery of the Power Machines company’s equipment to the Long Fu-1 Power Plant (TPP), which is under construction in Vietnam. The Group completed the full transport and forwarding support for the delivery.

FESCO Transportation Group (FESCO, the Group) ensured the delivery of the Power Machines company’s equipment to the Long Fu-1 Power Plant (TPP), which is under construction in Vietnam. The Group…
18 July 2017

Commercial Port of Vladivostok (part of FESCO Transportation Group) and port Fushiki-Toyama (Japan) signed an agreement on international and foreign economic relations, cooperation and experience exchange. Both parties will attempt to promote economic development of Primorsky region and Toyama prefecture, facilitate their capacity utilization by main consignors, consignees, vessels owning companies and shipping forwarders in Russia and Japan. 

Commercial Port of Vladivostok (part of FESCO Transportation Group) and port Fushiki-Toyama (Japan) signed an agreement on international and foreign economic relations, cooperation and experience…
7 July 2017

In order to develop e-commerce and to ensure comfortable operating environment for clients, FESCO Transportation Group extends the special tariff* for the import containers travelling from Vladivostok, when an application is placed via personal account my.fesco.com. During June 2017, discount showed its effectiveness and attractiveness to users.

In order to develop e-commerce and to ensure comfortable operating environment for clients, FESCO Transportation Group extends the special tariff* for the import containers travelling from…
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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…
14 September 2017

Far-Eastern Shipping Company PLC and its subsidiaries (together the “Group”) announce today that noteholders representing more than 50% 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 50% of the outstanding 8.00% Senior Secured Notes due 2018 and…
6 September 2017

Far-Eastern Shipping Company PLC and its subsidiaries (together the “Group”) announce today that the Group and an ad hoc group of bondholders (the “Ad Hoc Group”), representing 47.34% of the outstanding 8.00% Senior Secured Notes due 2018 and 8.75% Senior Secured Notes due 2020 (together the “USD Notes”), have agreed the key terms for restructuring the Group’s indebtedness under the USD Notes (the “Restructuring”) and have entered into a standstill and lock-up agreement (the “LUA”) to facilitate the implementation of the Restructuring.

Far-Eastern Shipping Company PLC and its subsidiaries (together the “Group”) announce today that the Group and an ad hoc group of bondholders (the “Ad Hoc Group”), representing 47.34% of the…
23 May 2017

FESCO PLC (the “Company”) announces signing an amendment agreement to the novation agreement №01 dated January 17, 2017 and a novation agreement №02 with the representative of the holders of the Company ruble bonds, series BO-01 (the “Bonds”), for deferring defaulted payments until October 27, 2017.

FESCO PLC (the “Company”) announces signing an amendment agreement to the novation agreement №01 dated January 17, 2017 and a novation agreement №02 with the representative of the holders of the…
2 May 2017
FAR-EASTERN SHIPPING COMPANY PLC (“FESCO”, or the “Company” and, together with its subsidiaries, the “Group”) announces today that it has postponed the publication of its IFRS consolidated financial statements for the year 2016 in view of the ongoing discussions with respect to the restructuring of the Group's indebtedness.
FAR-EASTERN SHIPPING COMPANY PLC (“FESCO”, or the “Company” and, together with its subsidiaries, the “Group”) announces today that it has postponed the publication of its IFRS consolidated…
15 March 2017
FESCO Announces December 2016 and Twelve Months Year-to-Date Trading Update
FESCO Announces December 2016 and Twelve Months Year-to-Date Trading Update
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