FESCO

Fesco Shipping Company is one of four operational divisions of Fesco Transportation Group, alongside Liner and Logistics, Rail Services, and Ports. The group provides a wide range of transportation and logistics services. Founded in 1880, the Moscow-based shipping company is the largest intermodal transport company in Russia.

The Shipping Division is involved in ship ownership, ship management, chartering out and provision of vessel agency services. The vessels operated by the Shipping Division are largely container, bulk carriers and roll-on, roll-off (Ro-Ro) vessels.

DP World seeks stake in Russia’s Fesco
23 Jan 2020
DP World, in a letter to Russian regulators seeking to buy a stake in intermodal transport group Fesco, said it would invest $350 million in the Vladivostok seaport and expand the company’s railcar fleet.
29 May 2017
Fesco is currently in talks with its creditors and bondholders over the restructuring of its debts.
06 Mar 2017
Fesco first faced debt-servicing problems in May 2016.
30 Nov 2016
Fesco’s revenue and profit is still collapsing.
24 Oct 2016
Fesco’s revenue and earnings are still in freefall as Russia’s leading ocean and intermodal rail container operator struggles with a flatlining domestic economy.
09 Aug 2016
Fesco’s first-half profit more than halved.
05 Jul 2016
Russian container terminals and exporters didn’t experience any disruption tied to the new SOLAS container weight rule.
23 Jun 2016
A new containerized cargo transportation firm able to compete with global majors may soon appear in Russia.
19 Nov 2015
Russia’s container transportation market is on the verge of consolidation. The country’s two largest, and ailing, container transport providers — container line and terminal operator Fesco and containerized rail provider Transcontainer — plan to merge.
03 Sep 2015
FESCO, one of Russia’s largest privately-owned transportation and logistics companies, posted significant declines in container volumes in the first half but believes that its future is bright.
Fesco Container Terminal
02 Jun 2015
Fesco’s first-quarter earnings rose 5.4 percent as cost savings offset a slump in container volumes resulting from a fragile Russian economy and a depreciating rouble.
31 Mar 2015
Fesco Transportation Group’s profit soared 30 percent in the fourth quarter of 2014, but the weak ruble and lower rail freight rates dragged down the full-year result.
02 Dec 2014
Fesco, the Russian transport group, posted higher revenue and earnings in the third quarter as double digit growth in rail and port traffic, and deep sea container volumes offset the negative impact of a weaker rouble.
01 Sep 2014
Fesco Transportation Group’s revenue and earnings declined in the first half as a weaker rouble and lower ocean freight rates offset higher container volumes.
02 Jun 2014
Fesco Transportation Group’s revenue and earnings declined in the first quarter.
FESCO and Korea Marine Transport sign MOU.
09 Oct 2013
R. Alikhanov, president of FESCO Transportation Group, and J.S. Park, president of Korea Marine Transport, have signed a memorandum of understanding...
06 Jun 2013
Fesco, the Russian shipping and logistics group, said a 5 billion roubles ($156 million) domestic bond issue was more than 2 ½ times oversubscribed.
04 Jun 2013
Fesco’s first quarter profit dipped 3.8 percent from a year earlier as the Russian shipping, port, rail freight and logistics group sold almost half of its vessels.
17 May 2013
Fesco, the operator of Russia’s largest ocean carrier, has successfully sold $75 million of corporate bonds, just weeks after it closed on a $800 million bond sale.
26 Apr 2013
Fesco, the owner of Russia’s largest ocean container carrier, announced it has successfully priced $800 million of bonds.
06 Feb 2013
Fesco Transportation Group’s ocean carrier saw its deep-sea container traffic grow 14.1 percent in 2012 compared to 2011, driven by expansion of its liner network in its domestic Russian market and international routes.
Fesco container ship at the Port of Portland
14 Dec 2012
Summa Friday completed the takeover of Fesco, giving the Russian trading and investment group control of the nation’s largest ocean container carrier.
08 Nov 2012
Russian ocean carrier Fesco boosted deep-sea container traffic by 13 percent in the first nine months of the year to just
30 Apr 2012
Russia’s Fesco reported 2011 revenue grew 28 percent from a year ago to top $1 billion for the first time, driven by strong liner and logistics growth and higher rates at
01 Feb 2012
Fesco booked double-digit growth across its ocean container, rail, port terminal and intermodal units in 2011 as it benefited from soaring transport demand in a strengthening Russian economy.
29 Nov 2011
Fesco, owner of Russia’s largest ocean carrier, has secured a $135 million loan from the European Bank for Rec
07 Nov 2011
Fesco reported strong gains in international ocean container traffic and intermodal shipments in the first nine months of the year, as Russia’s largest container line benefited from surging impo
14 Oct 2011
Fesco and BLG Logistics established a Russo-German auto logistics joint venture at the port of St. Petersburg to handle imports into Europe’s fastest-growing car market.
04 Oct 2011
Fesco, owner of Russia’s largest ocean carrier, boosted revenue by 27 percent in the first six months and forecast an even stronger second half performance.
19 Jul 2011
Fesco boosted container traffic 46 percent in the first half of the year compared to the same period a year ago, as Russia’s largest ocean carrier benefited from the nation’s economic reco
16 May 2011
Fesco, owner of Russia’s largest ocean container carrier, swung to a $456 million net profit in 2010 from a year-earlier net loss of $233 million, largely due to the gain on the sale of a stake
25 Oct 2010
Fesco, owner of Russia's biggest ocean container carrier, reported first half revenue jumped 34 percent from a year ago, driven by gains at its shipping, logistics, rail and ports units.