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FESCO Transportation Group (Russian: Fesco, tr. FESCO Group) is an intermodal transport operator in Russia, which provides services, including marine shipping, Roll-on/roll-off, rail transportation and port handling. The parent company of the Group is Far-Eastern Shipping Company JSC. FESCO Group is headquartered in Moscow.
 | |
| Company type | Group of companies |
|---|---|
| MCX: FESH | |
| Industry | Transportation |
| Founded | 1880 |
| Headquarters | , Russia |
Key people |
|
| Revenue | ₽56,993 million (2018) |
| ₽8,334 million (2018) | |
| ₽7,009 million (2018) | |
| Total assets | ₽60,827 million (2018) |
| Total equity | ₽3,176 million (2018) |
Number of employees | 5,000 (2019) |
| Website | www |
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The base company of the group is the Far-Eastern Shipping Company (FESCO; Russian: Дальневосточное морское пароходство, tr. Dal'nevostochnoye morskoye parokhodstvo).[1] The company was founded in Vladivostok in 1880.
FESCO is publicly traded as MCX: FESH. Current shareholding structure is: Mr. Magomedov – 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 Leyla Mammad Zada, the president is Alexander Isurin.
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.[2][3]
Business edit
The majority of the company's operations are located in the Russian Far East. FESCO operations are handled by five divisions, namely Port, Rail, Liner and Logistics, Shipping, and Bunkering.
Cooperation highlights and joint ventures edit
The 100% FESCO subsidiary Transgarant and Russkaya Troyka (50% joint venture with the RZhD).[4]
In 2011, the Bremen-based BLG Group and FESCO founded a joint venture for logistics for the Russian automotive industry.[5]
Gallery edit
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Fesco container ship in Port Vostochniy, the port at the Eastern end of the Trans-Siberian railway
See also edit
- MV Lyubov Orlova – ghost ship formerly owned by FESC.
References edit
- ^ "Far Eastern Shipping Co". Bloomberg L.P. Retrieved 4 April 2013.
- ^ Barnard, Bruce (14 December 2012). "Russia's Summa Group Completes Fesco Takeover". The Journal of Commerce Online. Retrieved 30 April 2021.
- ^ "Russia: Summa Group Acquires Stake in Eastern Shipping Company". Offshore Energy. 14 December 2012. Retrieved 30 April 2021.
- ^ "Far Eastern Shipping Company FESCO PLC in Vladivostok".
- ^ "Fesco und BLG Logistics gründen Joint Venture". Archived from the original on 21 September 2019. Retrieved 27 October 2019.
