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.

Fesco Transportation Group recorded 2013 revenues of $1.14 billion, down 4.8 percent year-over-year. Its shipping division recorded revenues of $65 million, down 53.9 percent year-over-year. The company recorded a net profit of $324 million, down 19.8 percent from the previous year’s net profit of $404 million. The company employs approximately 5,000 individuals and owns 28 vessels, with intermodal transportation volume of 243,564 TEUs in 2013.

Key Coverage

Russia’s Summa Group Completes Fesco Takeover

Fesco Revenue Tops $1 Billion

Fesco acquires Port of Vladivostok operator

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.