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News and events

6 december 2018

FESCO Transportation Group completed transportation of cargo for Chukotka Autonomous Okrug during the northern delivery-2018 and delivered 24 000 tons of national economic goods to the region.

FESCO Transportation Group completed transportation of cargo for Chukotka Autonomous Okrug during the northern delivery-2018 and delivered 24 000 tons of national economic goods to the…
3 december 2018

Modernization of FESCO terminal in Novosibirsk will allow to halve the time of container handling to 8 minutes, and trains handling – to 1.5 days instead of 2-3 days.

Modernization of FESCO terminal in Novosibirsk will allow to halve the time of container handling to 8 minutes, and trains handling – to 1.5 days instead of 2-3 days.

21 november 2018

FESCO Transportation Group has announced the winners of its nomination Logistics Challenge within the framework of GoTech contest of technological projects. There were chosen the projects of speech recognition, voice assistance and robotics. The winners will have the opportunity to launch pilot projects with FESCO TG.

FESCO Transportation Group has announced the winners of its nomination Logistics Challenge within the framework of GoTech contest of technological projects. There were chosen the projects of…
19 november 2018

FESCO Transportation Group and Hangzhou Industrial Investment Group Co., Ltd. (HIIG), China, have signed an agreement on cooperation in export and intermodal containerized pulp transportation from Russia to China. The agreement includes arrangements made by the parties within the framework of the first China International Import Expo (CIIE).

FESCO Transportation Group and Hangzhou Industrial Investment Group Co., Ltd. (HIIG), China, have signed an agreement on cooperation in export and intermodal containerized pulp transportation…
15 november 2018

For 3 months of operation of the regular train FESCO Baltic Shuttle (FBS), FESCO Transportation Group has transported 1,500 TEU by 11 trains from Vladivostok to St. Petersburg.

For 3 months of operation of the regular train FESCO Baltic Shuttle (FBS), FESCO Transportation Group has transported 1,500 TEU by 11 trains from Vladivostok to St. Petersburg.

12 november 2018

FESCO Transportation Group has signed a contract with Atomstroyexport JSC (part of Rosatom State Corporation) for delivery of equipment for the construction of Rooppur Nuclear Power Plant (NPP) in Bangladesh in 2018-2019. According to the terms of the contract, FESCO will provide a full range of freight forwarding services for transportation of general and oversized cargo weighing more than 6.7 thousand tons from Russia to the NPP.

FESCO Transportation Group has signed a contract with Atomstroyexport JSC (part of Rosatom State Corporation) for delivery of equipment for the construction of Rooppur Nuclear Power Plant (NPP)…
9 november 2018

As part of development of containerized grain transportation, FESCO Transportation Group has delivered 500 tons of grain from Krasnoyarsk to the Chinese port of Ningbo with FESCO's intermodal service.

As part of development of containerized grain transportation, FESCO Transportation Group has delivered 500 tons of grain from Krasnoyarsk to the Chinese port of Ningbo…
8 november 2018

Within the framework of the first China International Import Expo (CIIE), FESCO Transportation Group has signed a cooperation agreement with NINGBO WESTRAIL SUPPLY CHAIN MANAGEMENT CO., LTD. (TIEDADA) in the field of promotion of maritime and railway transportation services via TIEDADA's online platform.

Within the framework of the first China International Import Expo (CIIE), FESCO Transportation Group has signed a cooperation agreement with NINGBO WESTRAIL SUPPLY CHAIN MANAGEMENT CO., LTD…
8 november 2018

Within the framework of the first China International Import Expo, FESCO Transportation Group and AVIC Forestry Co. Ltd. signed an agreement on cooperation in the field of logistics and transportation of timber products.

Within the framework of the first China International Import Expo, FESCO Transportation Group and AVIC Forestry Co. Ltd. signed an agreement on cooperation in the field of logistics and…
2 november 2018

In October 2018, Commercial Port of Vladivostok (VMTP, part of FESCO Transportation Group) handled 55.5 thousand TEU. This is  a record monthly volume of container handling in VMTP's history. The previous record volume of 51.6 thousand TEU was set in May 2018.

 

In October 2018, Commercial Port of Vladivostok (VMTP, part of FESCO Transportation Group) handled 55.5 thousand TEU. This is  a record monthly volume of container handling in VMTP's…
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6 december 2018

FESCO Transportation Group completed transportation of cargo for Chukotka Autonomous Okrug during the northern delivery-2018 and delivered 24 000 tons of national economic goods to the region.

FESCO Transportation Group completed transportation of cargo for Chukotka Autonomous Okrug during the northern delivery-2018 and delivered 24 000 tons of national economic goods to the…
3 december 2018

Modernization of FESCO terminal in Novosibirsk will allow to halve the time of container handling to 8 minutes, and trains handling – to 1.5 days instead of 2-3 days.

Modernization of FESCO terminal in Novosibirsk will allow to halve the time of container handling to 8 minutes, and trains handling – to 1.5 days instead of 2-3 days.

21 november 2018

FESCO Transportation Group has announced the winners of its nomination Logistics Challenge within the framework of GoTech contest of technological projects. There were chosen the projects of speech recognition, voice assistance and robotics. The winners will have the opportunity to launch pilot projects with FESCO TG.

FESCO Transportation Group has announced the winners of its nomination Logistics Challenge within the framework of GoTech contest of technological projects. There were chosen the projects of…
19 november 2018

FESCO Transportation Group and Hangzhou Industrial Investment Group Co., Ltd. (HIIG), China, have signed an agreement on cooperation in export and intermodal containerized pulp transportation from Russia to China. The agreement includes arrangements made by the parties within the framework of the first China International Import Expo (CIIE).

FESCO Transportation Group and Hangzhou Industrial Investment Group Co., Ltd. (HIIG), China, have signed an agreement on cooperation in export and intermodal containerized pulp transportation…
15 november 2018

For 3 months of operation of the regular train FESCO Baltic Shuttle (FBS), FESCO Transportation Group has transported 1,500 TEU by 11 trains from Vladivostok to St. Petersburg.

For 3 months of operation of the regular train FESCO Baltic Shuttle (FBS), FESCO Transportation Group has transported 1,500 TEU by 11 trains from Vladivostok to St. Petersburg.

12 november 2018

FESCO Transportation Group has signed a contract with Atomstroyexport JSC (part of Rosatom State Corporation) for delivery of equipment for the construction of Rooppur Nuclear Power Plant (NPP) in Bangladesh in 2018-2019. According to the terms of the contract, FESCO will provide a full range of freight forwarding services for transportation of general and oversized cargo weighing more than 6.7 thousand tons from Russia to the NPP.

FESCO Transportation Group has signed a contract with Atomstroyexport JSC (part of Rosatom State Corporation) for delivery of equipment for the construction of Rooppur Nuclear Power Plant (NPP)…
9 november 2018

As part of development of containerized grain transportation, FESCO Transportation Group has delivered 500 tons of grain from Krasnoyarsk to the Chinese port of Ningbo with FESCO's intermodal service.

As part of development of containerized grain transportation, FESCO Transportation Group has delivered 500 tons of grain from Krasnoyarsk to the Chinese port of Ningbo…
8 november 2018

Within the framework of the first China International Import Expo (CIIE), FESCO Transportation Group has signed a cooperation agreement with NINGBO WESTRAIL SUPPLY CHAIN MANAGEMENT CO., LTD. (TIEDADA) in the field of promotion of maritime and railway transportation services via TIEDADA's online platform.

Within the framework of the first China International Import Expo (CIIE), FESCO Transportation Group has signed a cooperation agreement with NINGBO WESTRAIL SUPPLY CHAIN MANAGEMENT CO., LTD…
8 november 2018

Within the framework of the first China International Import Expo, FESCO Transportation Group and AVIC Forestry Co. Ltd. signed an agreement on cooperation in the field of logistics and transportation of timber products.

Within the framework of the first China International Import Expo, FESCO Transportation Group and AVIC Forestry Co. Ltd. signed an agreement on cooperation in the field of logistics and…
2 november 2018

In October 2018, Commercial Port of Vladivostok (VMTP, part of FESCO Transportation Group) handled 55.5 thousand TEU. This is  a record monthly volume of container handling in VMTP's history. The previous record volume of 51.6 thousand TEU was set in May 2018.

 

In October 2018, Commercial Port of Vladivostok (VMTP, part of FESCO Transportation Group) handled 55.5 thousand TEU. This is  a record monthly volume of container handling in VMTP's…
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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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