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News and events

29 march 2019

Segezha Group and FESCO Transportation Group ("FESCO") will study the possibilities of cooperation in transportation of finished products, as well as comprehensive logistics support of projects for creation and modernization of Segezha's timber processing plants in Russia. The respective agreement of intent was signed by Mikhail Shamolin, President and Chairman of the Board of Segezha Group LLC, and Alexander Isurin, FESCO's President, at the Krasnoyarsk Economic Forum.

Segezha Group and FESCO Transportation Group ("FESCO") will study the possibilities of cooperation in transportation of finished products, as well as comprehensive logistics support of projects…
29 march 2019

Russian Export Center JSC (REC), FESCO Transportation Group (FESCO) and Rail Cargo Logistics-RUS have agreed to cooperate in export transportation of containerized cargo from Siberia to China. The cooperation agreement between the above parties was signed at the Krasnoyarsk Economic Forum.

Russian Export Center JSC (REC), FESCO Transportation Group (FESCO) and Rail Cargo Logistics-RUS have agreed to cooperate in export transportation of containerized cargo from Siberia to China…
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…
28 february 2019

Commercial Port of Vladivostok (part of the FESCO Transport Group) is to receive five new port cranes in 2020. The equipment will be acquired in the framework of the modernization of production facilities, which is aimed to increase the intensity of cargo handling.

Commercial Port of Vladivostok (part of the FESCO Transport Group) is to receive five new port cranes in 2020. The equipment will be acquired in the framework of the modernization of production…
18 february 2019

FESCO Transportation Group (FESCO) sets up a new vessel to operate on a regular service FESCO China Direct Line (FCDL), connecting the ports of China and Russian Far East. On February 14, 2019 the container ship FESCO Dalnegorsk moved to operations on this line.

FESCO Transportation Group (FESCO) sets up a new vessel to operate on a regular service FESCO China Direct Line (FCDL), connecting the ports of China and Russian Far East. On February 14, 2019 the…
29 january 2019

On January 26, 2019 FESCO diesel-electric ship “Vasiliy Golovnin” left the port of Cape Town (Republic of South Africa) and started the project of supplying the Indian research stations in Antarctica till April 2019.

On January 26, 2019 FESCO diesel-electric ship “Vasiliy Golovnin” left the port of Cape Town (Republic of South Africa) and started the project of supplying the Indian research stations in…
14 january 2019

FESCO Transportation Group ("Group", "FESCO") and Zhengzhou International Hub (ZIH), China, are launching a regular container train from Hamburg (Germany) to Zhengzhou (Henan, China) through the border crossing of Grodekovo (Primorye) / Suifenhe (PRC).

FESCO Transportation Group ("Group", "FESCO") and Zhengzhou International Hub (ZIH), China, are launching a regular container train from Hamburg (Germany) to Zhengzhou (Henan, China)…
10 january 2019

FESCO Transportation Group (the Group, FESCO) is launching a weekly container train from Yiwu, a city in Zhejiang province, China, to Moscow via Mongolia, thus expanding the geography of inland services between China and Russia. 

FESCO Transportation Group (the Group, FESCO) is launching a weekly container train from Yiwu, a city in Zhejiang province, China, to Moscow via Mongolia, thus expanding the geography of…
29 december 2018

Commercial Port of Vladivostok ("VMTP"," Port", part of FESCO Transportation Group) put into operation two new rail mounted gantry cranes (RMGs) to handle containers.

Commercial Port of Vladivostok ("VMTP"," Port", part of FESCO Transportation Group) put into operation two new rail mounted gantry cranes (RMGs) to handle containers.

27 december 2018

Under the northern delivery-2018 FESCO vessels transported 157 000 tons of vital goods to the residents of the Northern Territories of Russia.

Under the northern delivery-2018 FESCO vessels transported 157 000 tons of vital goods to the residents of the Northern Territories of Russia.

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29 march 2019

Segezha Group and FESCO Transportation Group ("FESCO") will study the possibilities of cooperation in transportation of finished products, as well as comprehensive logistics support of projects for creation and modernization of Segezha's timber processing plants in Russia. The respective agreement of intent was signed by Mikhail Shamolin, President and Chairman of the Board of Segezha Group LLC, and Alexander Isurin, FESCO's President, at the Krasnoyarsk Economic Forum.

Segezha Group and FESCO Transportation Group ("FESCO") will study the possibilities of cooperation in transportation of finished products, as well as comprehensive logistics support of projects…
29 march 2019

Russian Export Center JSC (REC), FESCO Transportation Group (FESCO) and Rail Cargo Logistics-RUS have agreed to cooperate in export transportation of containerized cargo from Siberia to China. The cooperation agreement between the above parties was signed at the Krasnoyarsk Economic Forum.

Russian Export Center JSC (REC), FESCO Transportation Group (FESCO) and Rail Cargo Logistics-RUS have agreed to cooperate in export transportation of containerized cargo from Siberia to China…
28 february 2019

Commercial Port of Vladivostok (part of the FESCO Transport Group) is to receive five new port cranes in 2020. The equipment will be acquired in the framework of the modernization of production facilities, which is aimed to increase the intensity of cargo handling.

Commercial Port of Vladivostok (part of the FESCO Transport Group) is to receive five new port cranes in 2020. The equipment will be acquired in the framework of the modernization of production…
18 february 2019

FESCO Transportation Group (FESCO) sets up a new vessel to operate on a regular service FESCO China Direct Line (FCDL), connecting the ports of China and Russian Far East. On February 14, 2019 the container ship FESCO Dalnegorsk moved to operations on this line.

FESCO Transportation Group (FESCO) sets up a new vessel to operate on a regular service FESCO China Direct Line (FCDL), connecting the ports of China and Russian Far East. On February 14, 2019 the…
29 january 2019

On January 26, 2019 FESCO diesel-electric ship “Vasiliy Golovnin” left the port of Cape Town (Republic of South Africa) and started the project of supplying the Indian research stations in Antarctica till April 2019.

On January 26, 2019 FESCO diesel-electric ship “Vasiliy Golovnin” left the port of Cape Town (Republic of South Africa) and started the project of supplying the Indian research stations in…
14 january 2019

FESCO Transportation Group ("Group", "FESCO") and Zhengzhou International Hub (ZIH), China, are launching a regular container train from Hamburg (Germany) to Zhengzhou (Henan, China) through the border crossing of Grodekovo (Primorye) / Suifenhe (PRC).

FESCO Transportation Group ("Group", "FESCO") and Zhengzhou International Hub (ZIH), China, are launching a regular container train from Hamburg (Germany) to Zhengzhou (Henan, China)…
10 january 2019

FESCO Transportation Group (the Group, FESCO) is launching a weekly container train from Yiwu, a city in Zhejiang province, China, to Moscow via Mongolia, thus expanding the geography of inland services between China and Russia. 

FESCO Transportation Group (the Group, FESCO) is launching a weekly container train from Yiwu, a city in Zhejiang province, China, to Moscow via Mongolia, thus expanding the geography of…
29 december 2018

Commercial Port of Vladivostok ("VMTP"," Port", part of FESCO Transportation Group) put into operation two new rail mounted gantry cranes (RMGs) to handle containers.

Commercial Port of Vladivostok ("VMTP"," Port", part of FESCO Transportation Group) put into operation two new rail mounted gantry cranes (RMGs) to handle containers.

27 december 2018

Under the northern delivery-2018 FESCO vessels transported 157 000 tons of vital goods to the residents of the Northern Territories of Russia.

Under the northern delivery-2018 FESCO vessels transported 157 000 tons of vital goods to the residents of the Northern Territories of Russia.

25 december 2018

FESCO Transportation Group (the Group) has completed the delivery of production equipment from China to the Haval car plant being constructed in the Tula region.

FESCO Transportation Group (the Group) has completed the delivery of production equipment from China to the Haval car plant being constructed in the Tula region.

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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…
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…
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