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News and events

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…
31 August 2018

For nine years of FЕSCO Moscow Shuttle (FMS) operation, FESCO Transportation Group has carried out 3000 trips and delivered 400 thousand TEU from Vladivostok to Moscow via the Trans-Siberian Railway.

For nine years of FЕSCO Moscow Shuttle (FMS) operation, FESCO Transportation Group has carried out 3000 trips and delivered 400 thousand TEU from Vladivostok to Moscow via the…
14 August 2018

FESCO Transportation Group and Hyundai Glovis Co. Ltd, one of the largest logistics companies in South Korea specialized in shipments of cars and car spare parts, jointly launch a regular container service from Busan to St. Petersburg through the Commercial Port of Vladivostok (VMTP).                          

FESCO Transportation Group and Hyundai Glovis Co. Ltd, one of the largest logistics companies in South Korea specialized in shipments of cars and car spare parts, jointly launch a regular…
3 August 2018

Commercial Port of Vladivostok (VMTP, part of FESCO Transportation Group) has handled more than 5.8 mln tons of various cargos for 7 months in 2018. This handling volume already exceeds the volume of full year 2016 and the volume handled for 7 months in 2017 (by 40%).

Commercial Port of Vladivostok (VMTP, part of FESCO Transportation Group) has handled more than 5.8 mln tons of various cargos for 7 months in 2018. This handling volume already exceeds the…
27 July 2018
FESCO Transportation Group in partnership with APL international shipping company, part of CMA CGM, is launching weekly container transportation from Japan to the Russian Far East via the existing Japan Trans-Siberian Line (JTSL). The agreement has been signed by Alexander Isurin, President of FESCO, and Nicolas Santini, CEO of APL, in Singapore. Weekly transportation starts on August 24 with dispatch from Yokohama.
FESCO Transportation Group in partnership with APL international shipping company, part of CMA CGM, is launching weekly container transportation from Japan to the Russian Far East via the…
25 July 2018

FESCO Transportation Group has delivered the first lot of cargo from the Japanese port of Toyama-Shinko (Toyama pref.) to Moscow through Direct Route, a new fast delivery service launched in June. The transit time took only 15 days, whereas shipment through the Suez Canal takes more than 50 days. The fast service is available for dispatch from Japanese ports of Kobe, Nagoya, and Yokohama.

FESCO Transportation Group has delivered the first lot of cargo from the Japanese port of Toyama-Shinko (Toyama pref.) to Moscow through Direct Route, a new fast delivery service launched in…
11 July 2018

FESCO Transportation Group organized and carried out the transportation of heavy outsize equipment for building of a OSB Plant in the city of Spassk-Dalny, Primorsky Kray. Two drier drums which weight 75.6 tons and have length of 20.7 metres and the diameter of 3.8 meters each were transported from China.

FESCO Transportation Group organized and carried out the transportation of heavy outsize equipment for building of a OSB Plant in the city of Spassk-Dalny, Primorsky Kray. Two drier drums which…
6 July 2018

FESCO Transportation Group has launched a new service for containerized grain transportation using its own regular trains and cabotage lines. The first 500-ton shipment was dispatched from Novosibirsk to Magadan and Petropavlovsk-Kamchatsky in June 2018. By the end of 2018 FESCO intends to carry over 10,000 tons of grains through this route.

FESCO Transportation Group has launched a new service for containerized grain transportation using its own regular trains and cabotage lines. The first 500-ton shipment was dispatched from…
6 July 2018
German Maslov has been appointed Executive Director of FESCO Integrated Transport LLC (FIT, part of FESCO Transportation Group). He succeeds Konstantin Teterin, who will concentrate on his responsibilities as FESCO's vice-president, Liner and Logistics Division, which he undertook in April this year.
German Maslov has been appointed Executive Director of FESCO Integrated Transport LLC (FIT, part of FESCO Transportation Group). He succeeds Konstantin Teterin, who will concentrate on his…
5 July 2018

FESCO Transportation Group has launched a weekly container train from BLTK terminal in Krasnoyarsk to Chengdu in China's Sichuan Province and Xian in Shaanxi Province via Kazakhstan, expanding the geography of its inland services between Siberia and China.

FESCO Transportation Group has launched a weekly container train from BLTK terminal in Krasnoyarsk to Chengdu in China's Sichuan Province and Xian in Shaanxi Province via Kazakhstan…
1 2 3 4 5
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…
31 August 2018

For nine years of FЕSCO Moscow Shuttle (FMS) operation, FESCO Transportation Group has carried out 3000 trips and delivered 400 thousand TEU from Vladivostok to Moscow via the Trans-Siberian Railway.

For nine years of FЕSCO Moscow Shuttle (FMS) operation, FESCO Transportation Group has carried out 3000 trips and delivered 400 thousand TEU from Vladivostok to Moscow via the…
14 August 2018

FESCO Transportation Group and Hyundai Glovis Co. Ltd, one of the largest logistics companies in South Korea specialized in shipments of cars and car spare parts, jointly launch a regular container service from Busan to St. Petersburg through the Commercial Port of Vladivostok (VMTP).                          

FESCO Transportation Group and Hyundai Glovis Co. Ltd, one of the largest logistics companies in South Korea specialized in shipments of cars and car spare parts, jointly launch a regular…
3 August 2018

Commercial Port of Vladivostok (VMTP, part of FESCO Transportation Group) has handled more than 5.8 mln tons of various cargos for 7 months in 2018. This handling volume already exceeds the volume of full year 2016 and the volume handled for 7 months in 2017 (by 40%).

Commercial Port of Vladivostok (VMTP, part of FESCO Transportation Group) has handled more than 5.8 mln tons of various cargos for 7 months in 2018. This handling volume already exceeds the…
27 July 2018
FESCO Transportation Group in partnership with APL international shipping company, part of CMA CGM, is launching weekly container transportation from Japan to the Russian Far East via the existing Japan Trans-Siberian Line (JTSL). The agreement has been signed by Alexander Isurin, President of FESCO, and Nicolas Santini, CEO of APL, in Singapore. Weekly transportation starts on August 24 with dispatch from Yokohama.
FESCO Transportation Group in partnership with APL international shipping company, part of CMA CGM, is launching weekly container transportation from Japan to the Russian Far East via the…
25 July 2018

FESCO Transportation Group has delivered the first lot of cargo from the Japanese port of Toyama-Shinko (Toyama pref.) to Moscow through Direct Route, a new fast delivery service launched in June. The transit time took only 15 days, whereas shipment through the Suez Canal takes more than 50 days. The fast service is available for dispatch from Japanese ports of Kobe, Nagoya, and Yokohama.

FESCO Transportation Group has delivered the first lot of cargo from the Japanese port of Toyama-Shinko (Toyama pref.) to Moscow through Direct Route, a new fast delivery service launched in…
11 July 2018

FESCO Transportation Group organized and carried out the transportation of heavy outsize equipment for building of a OSB Plant in the city of Spassk-Dalny, Primorsky Kray. Two drier drums which weight 75.6 tons and have length of 20.7 metres and the diameter of 3.8 meters each were transported from China.

FESCO Transportation Group organized and carried out the transportation of heavy outsize equipment for building of a OSB Plant in the city of Spassk-Dalny, Primorsky Kray. Two drier drums which…
6 July 2018

FESCO Transportation Group has launched a new service for containerized grain transportation using its own regular trains and cabotage lines. The first 500-ton shipment was dispatched from Novosibirsk to Magadan and Petropavlovsk-Kamchatsky in June 2018. By the end of 2018 FESCO intends to carry over 10,000 tons of grains through this route.

FESCO Transportation Group has launched a new service for containerized grain transportation using its own regular trains and cabotage lines. The first 500-ton shipment was dispatched from…
6 July 2018
German Maslov has been appointed Executive Director of FESCO Integrated Transport LLC (FIT, part of FESCO Transportation Group). He succeeds Konstantin Teterin, who will concentrate on his responsibilities as FESCO's vice-president, Liner and Logistics Division, which he undertook in April this year.
German Maslov has been appointed Executive Director of FESCO Integrated Transport LLC (FIT, part of FESCO Transportation Group). He succeeds Konstantin Teterin, who will concentrate on his…
5 July 2018

FESCO Transportation Group has launched a weekly container train from BLTK terminal in Krasnoyarsk to Chengdu in China's Sichuan Province and Xian in Shaanxi Province via Kazakhstan, expanding the geography of its inland services between Siberia and China.

FESCO Transportation Group has launched a weekly container train from BLTK terminal in Krasnoyarsk to Chengdu in China's Sichuan Province and Xian in Shaanxi Province via Kazakhstan…
1 2 3 4 5
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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