Mass Media Publications
London court approves FESCO Eurobond restructuring debt
07 November
London court approves FESCO Eurobond restructuring debt
The High Court of Justice of England and Wales has approved a Scheme of Arrangement proposed by the FESCO transport Group to restructure $550 million in 2018 and $325 million in 2020 notes, PJSC Far E...
Russia's VTB bank to open Fesco credit line of up to $680 mln
07 November
Russia's VTB bank to open Fesco credit line of up to $680 mln
Russian transportation group Fesco said on Tuesday it
had opened a credit line of up to $680 million with the country's
second-biggest lender VTB bank.
Debt restructuring agreement with holders of FESCO Eurobonds nearly achieved - Summa CEO
01 June
Debt restructuring agreement with holders of FESCO Eurobonds nearly achieved - Summa CEO
A debt restructuring agreement with the holders of FESCO Eurobonds has nearly been reached with only technical details remaining, Summa Group CEO Leyla Mammad Zada told Interfax on the sidelines of th...
Dubai’s DP World Said to Be Eyeing Stake in Russia Shipper Fesco
26 May
Dubai’s DP World Said to Be Eyeing Stake in Russia Shipper Fesco
Dubai’s DP World Ltd. is considering taking a stake in Russian cargo carrier Far Eastern Shipping Co., according to people familiar with the matter.
FESCO launches LCL service from China to Russia
17 April
FESCO launches LCL service from China to Russia
Far East Shipping company (FESCO) (MOEX: FESH), the parent company of the FESCO Transport Group, is beginning regular service for shipment of less than a container load (LCL) from China to Russia, the...
FESCO companies consolidate blocking stake in TransContainer
30 December
FESCO companies consolidate blocking stake in TransContainer
The stake in TransContainer (MOEX: TRCN) indirectly controlled by Far East Shipping Company (FESCO) (MOEX: FESH) has increased to 25.07% from 24.35%, TransContainer said in a statement.
FESCO optimizes spending by $35 mln in 9M - company head
06 December
FESCO optimizes spending by $35 mln in 9M - company head
FESCO Group has carried out an optimization program and cut spending by $35.1 million, FESCO President Alexander Isurin said during a conference call for analysts on Monday.
FESCO core shareholder in hopes to agree restructuring plan with Eurobond holders in Dec
30 November
FESCO core shareholder in hopes to agree restructuring plan with Eurobond holders in Dec
The FESCO transport group's core shareholder hopes to agree a debt restructuring plan with the holders of Eurobonds before the end of the year. According to a schedule presented in the summer, thi...
FESCO launches regular shipments of perishable cargo between Russia, Iran
15 November
FESCO launches regular shipments of perishable cargo between Russia, Iran
FESCO Transport Group has launched a container service for shipments of refrigerated cargo between Russian and Iran.
FESCO EBITDA jumps 15% to $7.6 mln in July, plummets 32% to $47 mln in 7M
23 September
FESCO EBITDA jumps 15% to $7.6 mln in July, plummets 32% to $47 mln in 7M
The FESCO transport group boosted earnings before taxes, depreciation and amortization (EBITDA) 15.2% year-on-year in July to $7.6 million, the company said. However EBITDA plummeted 32% in Januar...
FESCO says able to service, refinance $450 mln to 2020 excluding repo agreement with VTB
27 July
FESCO says able to service, refinance $450 mln to 2020 excluding repo agreement with VTB
FESCO has the ability to service and refinance $450 million until 2020 excluding a repo agreement with VTB (MOEX: VTBR), the company said on Wednesday in a presentation on the main principles of a deb...
Summa’s Magomevdov re-elected as FESCO board chairman
05 July
Summa’s Magomevdov re-elected as FESCO board chairman
Ziyavudin Magomedov, Chairman of the Board of Directors of Summa Group, has been re-elected as chairman of the board of directors at Far East Shipping Company (FESCO...