FESCO Transportation Group () is an

intermodal transport Intermodal transport (or intermodal transportation) involves the use of more than one mode of transport for a journey. It may refer to: * Intermodal passenger transport * Intermodal freight transport Intermodal freight transport involves the t ...

operator in Russia, which provides services, including marine shipping,

roll-on/roll-off Roll-on/roll-off (RORO or ro-ro) ships are cargo ships designed to carry wheeled cargo, such as cars, motorcycles, trucks, semi-trailer trucks, buses, Trailer (vehicle), trailers, and railroad cars, that are driven on and off the ship on their ...

, rail transportation and port handling. The parent company of the Group is Far-Eastern Shipping Company JSC. FESCO Group is headquartered in Moscow.

Share capital and management

The base company of the group is the Far-Eastern Shipping Company (FESCO; ). The company was founded in Vladivostok in 1880. FESCO is publicly traded as . 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.

Business

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

The 100% FESCO subsidiary Transgarant and Russkaya Troyka (50%

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acce ...

with the

Russian Railways Russian Railways or RZD () is a Russian fully state-owned vertically integrated railway company, both managing infrastructure and operating freight and passenger train services and has a near-monopoly on long-distance train travel in Russia. ...

). In 2011, the Bremen-based BLG Group and FESCO founded a joint venture for logistics for the Russian automotive industry.

Gallery

File:Fesco container ship in Port Vostochniy.jpg, Fesco container ship in Port Vostochniy, the port at the Eastern end of the

Trans-Siberian railway The Trans-Siberian Railway, historically known as the Great Siberian Route and often shortened to Transsib, is a large railway system that connects European Russia to the Russian Far East. Spanning a length of over , it is the longest railway ...

References

External links