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Fesco issues statement on bankruptcy petition

March 3 - In light of recent press speculation regarding the bankruptcy petition filed against Fesco Plc by Russian asset management company Kapital, the shipping company has issued an official statement advising that it remains engaged in a constant dial

Fesco believes the court process initiated by Kapital does not preclude the possibility of reaching an amicable settlement with its bondholders, including Kapital and says the company remains committed to protecting the interests of all its stakeholders.

The shipping line says it does not expect any of the above to have an adverse impact on its operations and collaboration with its partners, including vendors and clients and adds that it intends to continue to do business as usual and perform all its contractual obligations.

www.fesco.com

Heavy Lift | News

ALE completes bridge installation thumbnail image

ALE completes bridge installation

November 4 - ALE has installed a curved steel bridge, weighing 2,100 tonnes, between two hotel towers in Baku, Azerbaijan.
Views: 1485
Barrus moves Amur cargoes thumbnail image

Barrus moves Amur cargoes

October 31 - Barrus Projects, together with its partner COSCO Shipping Project Logistics, has delivered components for the Amur gas processing plant in Svobodniy, Russia.
Views: 1554
ABC and CLA cut services thumbnail image

ABC and CLA cut services

October 30 - AirBridgeCargo Airlines (ABC) and CargoLogicAir (CLA) will cancel a total of 11 freighter connections as of November 1, according to HLPFI’s sister title DVZ.
Views: 1641

Heavy Lift Across The World

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