Far East Shipping Company
 | It has been suggested that this article be merged into Fesco Transport Group. (Discuss) Proposed since October 2012. |
| Company type | Open Joint Stock Company |
|---|---|
| MCX: FESH | |
| Industry | Transportation |
| Founded | 1880 |
| Headquarters | , Russia |
| Revenue |  US$ 800.6 mln (2010) |
| US$ 256.4 mln (2010) | |
Number of employees | 5,000 (2010) |
| Website | Fesco.ru |
The Far-Eastern Shipping Company (FESCO; Russian: Дальневосточное морское пароходство, romanized: Dal'nevostochnoye morskoye parokhodstvo) is a Russian ship-owning company[1] and the base company of FESCO Group. Founded in the 19th century in Vladivostok, the company now owns a fleet of 50 vessels, totaling 880 thousand DWT (Dead Weight Tons).
Summa Group Acquisition
In June 2012, private holding company, Summa Group purchased a 56% stake in FESCO.[2]
Share Capital and Management
FESCO is publicly traded as MCX: FESH. The major shareholder of FESCO is “Industrial Investors” (55.81%). East Capital holds 7.15% of the stock, 3.76% belong to EBRD, 13% - treasury stock and 20.28% - free float. President and Chairman of the Executive Board of FESCO Transportation Group is Sergey Generalov.
Business Description
FESCO has quite a number of international services in the Pacific Ocean, including services to and from People's Republic of China, Republic of China (Taiwan), Hong Kong Special Administrative Region, Korean Republic, Japan, Vietnam, Singapore, Malaysia, Indonesia, Thailand, India as well as Canada and the Continental United States.
FESCO's fleet of sea vessels includes large icebreakers, ro-ro vessels, container vessels, ice-breaking cargo vessels, bulk-carriers, timber-ships, and supplier vessels.[3]
The fleet operated by FESCO is enabled to provide cargo transportation in ports with limited navigation period, including unloading operations to non-facilitated shore. Moreover, the company is the biggest operator of Russian ice-breaking fleet.
Gallery
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Fesco container ship in Port Vostochniy, the port at the Eastern end of the Trans-Siberian railway. -
Icebreaker Kapitan Khlebnikov
References
- ^ "Far Eastern Shipping Co". Bloomberg. Retrieved 04 April 2013.
{{cite web}}: Check date values in:|accessdate=(help) - ^ "Summa Group Acquires Far Eastern Shipping Company". World Marine Time News. Retrieved 21 March 2013.
- ^ "Fesco Vessels". Fesco Transport Group. Retrieved 2008-02-19.