Far East Shipping Company
Lua error in package.lua at line 80: module 'strict' not found.
Open Joint Stock Company | |
Traded as | MCX: FESH |
Industry | Transportation |
Founded | 1880 |
Headquarters | Moscow, Russia |
Key people
|
|
Website | Fesco.ru |
The Far-Eastern Shipping Company (FESCO; Russian: Дальневосточное морское пароходство, tr. Dal'nevostochnoye morskoye parokhodstvo) is a Russian ship-owning company[1] and the base company of FESCO Group. The company was founded in Vladivostok during the nineteenth century.
Contents
FESCO Acquisition
On 13 December 2012, Summa Group and GHP Group indirectly acquired 49.99 % and 23.75 % of the shares of FESCO, respectively. The acquisition was funded by a mixture of debt and equity. In December 2012, TPG joined in Summa Group's investment in FESCO, as a result of which TPG has certain rights in respect of oversight of the FESCO business and an indirect economic ownership interest of 17.5 % in the Group.
FESCO is publicly traded as MCX: FESH. Current shareholding structure is: Mr. Magomedov (the controlling shareholder of Summa Group) - 32.5 %; entities controlled by Mr. Garber (is one of the controlling shareholders of GHP Group) - 23.8 %, TPG - 17.4 %, other shareholders/Free float - 26.3 %. The Chairman of the Executive Board of FESCO Transportation Group is Alexander Vinokurov, the President is Ruslan Alikhanov.
Business Description
FESCO is one of the leading privately owned transportation and logistics companies in Russia with operations in ports, rail, integrated logistics and shipping business. Diversified but integrated asset portfolio enables FESCO to provide door-to-door logistics solutions and control almost all steps of the intermodal transportation value chain. The majority of FESCO’s operations are located in the Russian Far East and the Group benefits from growing trade volumes between Russia and Asian countries. FESCO controls the Commercial Port of Vladivostok, which has throughput capacity of 3.9 million tons for general cargo and oil products, 150,000 vehicles and over 600,000 TEU in containers. FESCO is one of Russia’s top 10 private railcar operators providing services under the Transgarant (100%) and Russkaya Troika (50% JV with Russian Railways) brands. The Group owns a fleet of vessels mostly deployed through own line and logistics operations. In 2012, revenue of FESCO Group reached USD 1,197 million.
Gallery
-
Fesco container ship in Port Vostochniy, the port at the Eastern end of the Trans-Siberian railway.
-
KK 0855a.jpg
Icebreaker Kapitan Khlebnikov
See also
- MV Lyubov Orlova - ghost ship formerly owned by FESC.
References
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- Pages with broken file links
- Use dmy dates from June 2013
- Articles to be merged from October 2012
- Pages using infobox company with unsupported parameters
- Articles containing Russian-language text
- Companies of Russia
- Companies based in Moscow
- Companies established in 1880
- Shipping companies of Russia
- Shipping companies of the Soviet Union
- Companies listed on the Moscow Exchange