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News and events

News and events

30 december 2019
Given the recently spreading speculations and rumors regarding the changes in shareholders of FESCO Transportation Group ("FESCO"), Mr. Ziyavudin Magomedov, FESCO co-owner, announces that he is not going to sell his stake in the company categorically.
Given the recently spreading speculations and rumors regarding the changes in shareholders of FESCO Transportation Group ("FESCO"), Mr. Ziyavudin Magomedov, FESCO…
26 december 2019
FESCO diesel motor vessel Vasiliy Golovnin departed from the port of Cape Town (RSA) to Antarctica on December 24, 2019, delivering cargo to two Indian and Belgium scientific research stations. The voyage will last until April 2020.
FESCO diesel motor vessel Vasiliy Golovnin departed from the port of Cape Town (RSA) to Antarctica on December 24, 2019, delivering cargo to two Indian and Belgium scientific research stations. The…
11 december 2019

FESCO Transportation Group ("Group", "FESCO") is launching a program of support and development of the local community in the Primorye Territory (hereinafter – the Program) as part of an updated strategy of corporate social responsibility. FESCO is going to spend about RUB 50 million to finance the Program, which will be launched in 2020. A presentation of the Program took place on 11 December in Vladivostok in the presence of interim vice-governor of the Primorye Territory Sergey Maksimchuk.

FESCO Transportation Group ("Group", "FESCO") is launching a program of support and development of the local community in the Primorye Territory (hereinafter – the Program) as part of an…
29 november 2019

FESCO Transportation Group (FESCO) is expanding its route network of regular container trains and has launched FESCO Baltic Siberia Shuttle – a new train from St. Petersburg to Novosibirsk.

FESCO Transportation Group (FESCO) is expanding its route network of regular container trains and has launched FESCO Baltic Siberia Shuttle – a new train from St. Petersburg to…
21 november 2019

FESCO Moneron is a new container ship of ice class that has recently joined the fleet of FESCO Transportation Group (FESCO). 21 November 2019 the national flag of the Russian Federation was raised on the ship.

FESCO Moneron is a new container ship of ice class that has recently joined the fleet of FESCO Transportation Group (FESCO). 21 November 2019 the national flag of the Russian Federation was…
20 november 2019

Under the state contract with the Radioactive Waste Management Enterprise (RosRAO Federal State Unitary Enterprise, is a part of State Atomic Energy Corporation Rosatom), FESCO Transportation Group (FESCO) performed the transportation of nine multisectional blocks of nuclear-powered submarines and a tanker from Kamchatka Territory to the decommissioning site in Primorye Territory.

Under the state contract with the Radioactive Waste Management Enterprise (RosRAO Federal State Unitary Enterprise, is a part of State Atomic Energy Corporation Rosatom), FESCO Transportation…
11 november 2019

FESCO Transportation Group (FESCO) has signed an agreement on the development of cooperation with Qingdao Port International Co. and Chongqing Longqilin Supply Chain Management Co. at China International Import Expo in Shanghai.

FESCO Transportation Group (FESCO) has signed an agreement on the development of cooperation with Qingdao Port International Co. and Chongqing Longqilin Supply Chain Management Co. at China…
29 october 2019

FESCO Transportation Group is launching Silkway Amber – a regular container train going from Zhengzhou (China, Henan province) to Hamburg (Germany) through Kaliningrad (Russia) and back.

FESCO Transportation Group is launching Silkway Amber – a regular container train going from Zhengzhou (China, Henan province) to Hamburg (Germany) through Kaliningrad (Russia) and…
9 october 2019

FESCO Transportation Group («FESCO») is launching a container train for car transportation from Chongqing (China) to Kaluga region through Mongolia, expanding geography of expedited overland services between China and Russia.

FESCO Transportation Group («FESCO») is launching a container train for car transportation from Chongqing (China) to Kaluga region through Mongolia, expanding geography of expedited overland…
1 october 2019

FESCO Transportation Group (the “Group or “FESCO”) announces the results of recently expired irrevocable public offers to holders of FESCO PLC’s BO-01 and BO-02 series exchange-traded bonds.

FESCO Transportation Group (the “Group or “FESCO”) announces the results of recently expired irrevocable public offers to holders of FESCO PLC’s BO-01 and BO-02 series exchange-traded…
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30 december 2019
Given the recently spreading speculations and rumors regarding the changes in shareholders of FESCO Transportation Group ("FESCO"), Mr. Ziyavudin Magomedov, FESCO co-owner, announces that he is not going to sell his stake in the company categorically.
Given the recently spreading speculations and rumors regarding the changes in shareholders of FESCO Transportation Group ("FESCO"), Mr. Ziyavudin Magomedov, FESCO…
26 december 2019
FESCO diesel motor vessel Vasiliy Golovnin departed from the port of Cape Town (RSA) to Antarctica on December 24, 2019, delivering cargo to two Indian and Belgium scientific research stations. The voyage will last until April 2020.
FESCO diesel motor vessel Vasiliy Golovnin departed from the port of Cape Town (RSA) to Antarctica on December 24, 2019, delivering cargo to two Indian and Belgium scientific research stations. The…
11 december 2019

FESCO Transportation Group ("Group", "FESCO") is launching a program of support and development of the local community in the Primorye Territory (hereinafter – the Program) as part of an updated strategy of corporate social responsibility. FESCO is going to spend about RUB 50 million to finance the Program, which will be launched in 2020. A presentation of the Program took place on 11 December in Vladivostok in the presence of interim vice-governor of the Primorye Territory Sergey Maksimchuk.

FESCO Transportation Group ("Group", "FESCO") is launching a program of support and development of the local community in the Primorye Territory (hereinafter – the Program) as part of an…
29 november 2019

FESCO Transportation Group (FESCO) is expanding its route network of regular container trains and has launched FESCO Baltic Siberia Shuttle – a new train from St. Petersburg to Novosibirsk.

FESCO Transportation Group (FESCO) is expanding its route network of regular container trains and has launched FESCO Baltic Siberia Shuttle – a new train from St. Petersburg to…
21 november 2019

FESCO Moneron is a new container ship of ice class that has recently joined the fleet of FESCO Transportation Group (FESCO). 21 November 2019 the national flag of the Russian Federation was raised on the ship.

FESCO Moneron is a new container ship of ice class that has recently joined the fleet of FESCO Transportation Group (FESCO). 21 November 2019 the national flag of the Russian Federation was…
20 november 2019

Under the state contract with the Radioactive Waste Management Enterprise (RosRAO Federal State Unitary Enterprise, is a part of State Atomic Energy Corporation Rosatom), FESCO Transportation Group (FESCO) performed the transportation of nine multisectional blocks of nuclear-powered submarines and a tanker from Kamchatka Territory to the decommissioning site in Primorye Territory.

Under the state contract with the Radioactive Waste Management Enterprise (RosRAO Federal State Unitary Enterprise, is a part of State Atomic Energy Corporation Rosatom), FESCO Transportation…
11 november 2019

FESCO Transportation Group (FESCO) has signed an agreement on the development of cooperation with Qingdao Port International Co. and Chongqing Longqilin Supply Chain Management Co. at China International Import Expo in Shanghai.

FESCO Transportation Group (FESCO) has signed an agreement on the development of cooperation with Qingdao Port International Co. and Chongqing Longqilin Supply Chain Management Co. at China…
29 october 2019

FESCO Transportation Group is launching Silkway Amber – a regular container train going from Zhengzhou (China, Henan province) to Hamburg (Germany) through Kaliningrad (Russia) and back.

FESCO Transportation Group is launching Silkway Amber – a regular container train going from Zhengzhou (China, Henan province) to Hamburg (Germany) through Kaliningrad (Russia) and…
9 october 2019

FESCO Transportation Group («FESCO») is launching a container train for car transportation from Chongqing (China) to Kaluga region through Mongolia, expanding geography of expedited overland services between China and Russia.

FESCO Transportation Group («FESCO») is launching a container train for car transportation from Chongqing (China) to Kaluga region through Mongolia, expanding geography of expedited overland…
11 september 2019
FESCO Transportation Group (“FESCO”, the “Group”) set up a new vessel to operate on a regular service FESCO Magadan Line (“FML”), connecting the port of Magadan and the ports of Vladivostok and Vostochny. The containership FESCO Magadan moved to operations on the line at the beginning of September.
FESCO Transportation Group (“FESCO”, the “Group”) set up a new vessel to operate on a regular service FESCO Magadan Line (“FML”), connecting the port of Magadan and the ports of Vladivostok and…
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1 october 2019

FESCO Transportation Group (the “Group or “FESCO”) announces the results of recently expired irrevocable public offers to holders of FESCO PLC’s BO-01 and BO-02 series exchange-traded bonds.

FESCO Transportation Group (the “Group or “FESCO”) announces the results of recently expired irrevocable public offers to holders of FESCO PLC’s BO-01 and BO-02 series exchange-traded…
28 march 2019

FESCO Transportation Group (the “Group” or “FESCO Group”) announces its operating and consolidated financial results for the twelve months ended December 31, 2018 based on the management accounts.

FESCO Transportation Group (the “Group” or “FESCO Group”) announces its operating and consolidated financial results for the twelve months ended December 31, 2018 based on the management…
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…
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