Far East Shipping Company
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| Group of companies | |
| Traded as | MCX: FESH |
| Industry | Transportation |
| Founded | 1880 |
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Key people
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| Revenue |
 US$ 800.6 mln (2010) |
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US$ 256.4 mln (2010) |
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Number of employees
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5,000 (2010) |
| Website | Fesco.ru |
FESCO Transportation Group (Russian: Fesco, tr. FESCO Group) is the largest intermodal transport operator in Russia, which provides services, including marine shipping, rail transportation and port handling via more than 70 sales offices located around the world. The base company of FESCO Group is FESCO Shipping Company. FESCO Group is headquartered in Moscow.
The base company of the group is the Far-Eastern Shipping Company (FESCO; Russian: Дальневосточное морское пароходство, tr. Dal'nevostochnoye morskoye parokhodstvo). The company was founded in Vladivostok during the nineteenth century.
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.
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 Group has four operational divisions: Shipping, Liner and Logistics, Rail Services and Ports.
Shipping. 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 Ro-Ro vessels. FESCO owns a fleet of 50 vessels, totaling 880 thsd DWT, including 25 containerships and 12 bulkers
Liner and Logistics. The "Liner and Logistics" Division operates sea liner services and provides freight forwarding, sea, intermodal, rail and trucking services both for containers and break-bulk cargoes. The Marine transportations are carried out on a cabotage and import-export basis
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Wikipedia