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News and events

23 october 2018

FESCO Transportation Group (“FESCO”, the “Group”) announces today that the Group's companies have completed the sale of their 25.1% stake in PJSC TransContainer. 24.8% of the TransContainer stock was purchased by VTB Bank, another 0.3% was purchased by a third-party investor.

FESCO Transportation Group (“FESCO”, the “Group”) announces today that the Group's companies have completed the sale of their 25.1% stake in PJSC TransContainer. 24.8% of the TransContainer stock…
19 october 2018
FESCO Transportation Group signed a contract with the National Centre for Polar and Ocean Research (NCPOR, Ministry of Earth Sciences, Government of India) for supplying the Indian research stations in Antarctica in 2019.
FESCO Transportation Group signed a contract with the National Centre for Polar and Ocean Research (NCPOR, Ministry of Earth Sciences, Government of India) for supplying the Indian research stations…
18 october 2018
FESCO Transportation Group has delivered heavy-weight large-size equipment (1 742 tons) from Murmansk to the site of the Offshore Superfacility Construction Yard (OSCY) located in Belokamenka settlement (Murmansk region).
FESCO Transportation Group has delivered heavy-weight large-size equipment (1 742 tons) from Murmansk to the site of the Offshore Superfacility Construction Yard (OSCY) located in Belokamenka…
12 october 2018

FESCO Transportation Group has provided comprehensive agency services to the landing platform dock Tarlac of the Philippine Navy during its call to the port of Vladivostok.


FESCO Transportation Group has provided comprehensive agency services to the landing platform dock Tarlac of the Philippine Navy during its call to the port of Vladivostok. …
13 september 2018
Within the framework of the Eastern Economic forum held in Vladivostok, Aleksandr Isurin, the President of FESCO, Sergey Khovrat, the General Director of the Agency for Human Capital Development in the Russian Far East and Nikita Anisimov, rector of the Far-Eastern Federal University (FEFU), signed an agreement on cooperation in the field of human capital development and training.
Within the framework of the Eastern Economic forum held in Vladivostok, Aleksandr Isurin, the President of FESCO, Sergey Khovrat, the General Director of the Agency for Human Capital Development in…
13 september 2018

Within the framework of the Eastern Economic Forum, public joint-stock company Far-Eastern Shipping Company (FESCO PJSC, the parent company of FESCO Transportation Group) and Maritime State University named after Admiral Nevelskoy have signed an agreement on long-term cooperation in training of highly qualified specialists for the Russian fleet.

Within the framework of the Eastern Economic Forum, public joint-stock company Far-Eastern Shipping Company (FESCO PJSC, the parent company of FESCO Transportation Group) and…
12 september 2018

Within the framework of the Eastern Economic Forum, FESCO Transportation Group and Toyo Trans Inc. (Japan) signed an agreement of intent aimed at increasing volumes of transportation from Japan to the Eastern part of Russia through the Commercial Port of Vladivostok (VMTP, a part of FESCO TG) by Trans-Siberian railway. The document was signed by the President of FESCO Alexander Isurin and the President of Toyo Trans Inc. Isao Takahashi.

Within the framework of the Eastern Economic Forum, FESCO Transportation Group and Toyo Trans Inc. (Japan) signed an agreement of intent aimed at increasing volumes of transportation from Japan…
12 september 2018
On 11 September, the Prime Minister of the Republic of Korea Lee Nak-Yeon paid an official visit to the Commercial Port of Vladivostok (VMTP, a part of FESCO TG) and took part in the ceremony for the dispatch of a regular container train from Vladivostok to St. Petersburg. The train is a part of the intermodal delivery service for car spare parts and components from the Republic of Korea to the Russian plant of Hyundai Motor Company.
On 11 September, the Prime Minister of the Republic of Korea Lee Nak-Yeon paid an official visit to the Commercial Port of Vladivostok (VMTP, a part of FESCO TG) and took part in the ceremony for the…
11 september 2018
Within the framework of the Eastern Economic Forum, FESCO Transportation Group and a Chinese trading company Flow Supply Chain Management Co. Ltd. signed an agreement of intent aimed at developing containerized grain export from Russia to China via Vladivostok. The document was signed by the President of FESCO Alexander Isurin and the CEO of Flow Supply Chain Management Co. Ltd. Wang Ming.
Within the framework of the Eastern Economic Forum, FESCO Transportation Group and a Chinese trading company Flow Supply Chain Management Co. Ltd. signed an agreement of intent aimed at developing…
5 september 2018

FESCO Transportation Group has delivered steam reforming equipment for hydrocracking complex to Afipsky Oil Refinery. The cargo weighing 3.85 thousand tons was transported in five lots from the Port of Constanta (Romania) to Afipsky Oil Refinery via the Port of Novorossiysk. The heaviest equipment unit transported weighed 160 tons and had overall dimensions of 25х5х4 meters.

FESCO Transportation Group has delivered steam reforming equipment for hydrocracking complex to Afipsky Oil Refinery. The cargo weighing 3.85 thousand tons was transported in…
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23 october 2018

FESCO Transportation Group (“FESCO”, the “Group”) announces today that the Group's companies have completed the sale of their 25.1% stake in PJSC TransContainer. 24.8% of the TransContainer stock was purchased by VTB Bank, another 0.3% was purchased by a third-party investor.

FESCO Transportation Group (“FESCO”, the “Group”) announces today that the Group's companies have completed the sale of their 25.1% stake in PJSC TransContainer. 24.8% of the TransContainer stock…
19 october 2018
FESCO Transportation Group signed a contract with the National Centre for Polar and Ocean Research (NCPOR, Ministry of Earth Sciences, Government of India) for supplying the Indian research stations in Antarctica in 2019.
FESCO Transportation Group signed a contract with the National Centre for Polar and Ocean Research (NCPOR, Ministry of Earth Sciences, Government of India) for supplying the Indian research stations…
18 october 2018
FESCO Transportation Group has delivered heavy-weight large-size equipment (1 742 tons) from Murmansk to the site of the Offshore Superfacility Construction Yard (OSCY) located in Belokamenka settlement (Murmansk region).
FESCO Transportation Group has delivered heavy-weight large-size equipment (1 742 tons) from Murmansk to the site of the Offshore Superfacility Construction Yard (OSCY) located in Belokamenka…
12 october 2018

FESCO Transportation Group has provided comprehensive agency services to the landing platform dock Tarlac of the Philippine Navy during its call to the port of Vladivostok.


FESCO Transportation Group has provided comprehensive agency services to the landing platform dock Tarlac of the Philippine Navy during its call to the port of Vladivostok. …
13 september 2018
Within the framework of the Eastern Economic forum held in Vladivostok, Aleksandr Isurin, the President of FESCO, Sergey Khovrat, the General Director of the Agency for Human Capital Development in the Russian Far East and Nikita Anisimov, rector of the Far-Eastern Federal University (FEFU), signed an agreement on cooperation in the field of human capital development and training.
Within the framework of the Eastern Economic forum held in Vladivostok, Aleksandr Isurin, the President of FESCO, Sergey Khovrat, the General Director of the Agency for Human Capital Development in…
13 september 2018

Within the framework of the Eastern Economic Forum, public joint-stock company Far-Eastern Shipping Company (FESCO PJSC, the parent company of FESCO Transportation Group) and Maritime State University named after Admiral Nevelskoy have signed an agreement on long-term cooperation in training of highly qualified specialists for the Russian fleet.

Within the framework of the Eastern Economic Forum, public joint-stock company Far-Eastern Shipping Company (FESCO PJSC, the parent company of FESCO Transportation Group) and…
12 september 2018

Within the framework of the Eastern Economic Forum, FESCO Transportation Group and Toyo Trans Inc. (Japan) signed an agreement of intent aimed at increasing volumes of transportation from Japan to the Eastern part of Russia through the Commercial Port of Vladivostok (VMTP, a part of FESCO TG) by Trans-Siberian railway. The document was signed by the President of FESCO Alexander Isurin and the President of Toyo Trans Inc. Isao Takahashi.

Within the framework of the Eastern Economic Forum, FESCO Transportation Group and Toyo Trans Inc. (Japan) signed an agreement of intent aimed at increasing volumes of transportation from Japan…
12 september 2018
On 11 September, the Prime Minister of the Republic of Korea Lee Nak-Yeon paid an official visit to the Commercial Port of Vladivostok (VMTP, a part of FESCO TG) and took part in the ceremony for the dispatch of a regular container train from Vladivostok to St. Petersburg. The train is a part of the intermodal delivery service for car spare parts and components from the Republic of Korea to the Russian plant of Hyundai Motor Company.
On 11 September, the Prime Minister of the Republic of Korea Lee Nak-Yeon paid an official visit to the Commercial Port of Vladivostok (VMTP, a part of FESCO TG) and took part in the ceremony for the…
11 september 2018
Within the framework of the Eastern Economic Forum, FESCO Transportation Group and a Chinese trading company Flow Supply Chain Management Co. Ltd. signed an agreement of intent aimed at developing containerized grain export from Russia to China via Vladivostok. The document was signed by the President of FESCO Alexander Isurin and the CEO of Flow Supply Chain Management Co. Ltd. Wang Ming.
Within the framework of the Eastern Economic Forum, FESCO Transportation Group and a Chinese trading company Flow Supply Chain Management Co. Ltd. signed an agreement of intent aimed at developing…
5 september 2018

FESCO Transportation Group has delivered steam reforming equipment for hydrocracking complex to Afipsky Oil Refinery. The cargo weighing 3.85 thousand tons was transported in five lots from the Port of Constanta (Romania) to Afipsky Oil Refinery via the Port of Novorossiysk. The heaviest equipment unit transported weighed 160 tons and had overall dimensions of 25х5х4 meters.

FESCO Transportation Group has delivered steam reforming equipment for hydrocracking complex to Afipsky Oil Refinery. The cargo weighing 3.85 thousand tons was transported in…
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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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