FESCO, the local shipping company, and accepted the governor's choice of chairman of the board.

ECONOMIST: The hedgehog and the fox

The ship is owned by Cyprus' Diataxis Shipping Company and is operated by a Russian shipping company, FESCO Transport Group.

CNN: Ship escapes pirate attack off Somalia, Russia says

FESCO's shares deny planning to sell off its ships.

ECONOMIST: The hedgehog and the fox