| Type | Open Joint Stock Company |
|---|---|
| Traded as | RTS:FESH RTS:FESHG MICEX:FESH |
| Industry | Transportation |
| Founded | 1880 |
| Headquarters | Vladivostok, Russia |
| Revenue | US$ 800.6 mln (2010) |
| Operating income | US$ 256.4 mln (2010) |
| Employees | 5,000 (2010) |
| Website | Fesco.ru |
The Far East Shipping Company (FESCO; Russian: Дальневосточное морское пароходство, tr. Dal'nevostochnoye morskoye parokhodstvo) is a Russian ship-owning company 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 thsd DWT.
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FESCO is publicly traded at stock exchanges as RTS:FESH, RTS:FESHG, MICEX: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.
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.[1]
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.