Maersk to completely leave Russia and sell its Russian assets

Authored by trans.info and submitted by EEVERSTI
image for Maersk to completely leave Russia and sell its Russian assets

The move represents a full departure from the sanctions-hit country. Maersk has stopped accepting new bookings on all of its services (both, sea, air and land transport) to and from Russia. The company has also decided to sell all of its assets in Russia following its annual meeting of shareholders.

“The phase-out of our activity has already begun, and, unfortunately, at the moment we do not have clarity on the prospects for the resumption of Maersk activities in Russia,” reads a letter sent by the operator to its clients.

The letter, which has been widely distributed on social media, has been verified by Trans.INFO’s Russian speaking team.

As it stands, every third container in Russia belongs to Maersk. According to Alphaliner, Maersk is one of four operators (Maersk, MSC, CMA CGM and COSCO) who control 58% of Russia’s shipping market.

Other leaders in the shipping sector have also decided to leave Russia – this includes Mediterranean Shipping Company (MSC), CMA CGM, Hapag-Lloyd, Ocean Network Express (ONE) and Yang Ming. A number of other operators using smaller terminals have pulled out too.

Photo: Hummelhummel, CC BY-SA 3.0, via Wikimedia Commons

Mysterious_Grocery85 on March 22nd, 2022 at 16:03 UTC »

Ouch.

“Maersk owns 31% of Russian port operator Global Ports that operates six terminals in Russia and two in Finland.”

browster on March 22nd, 2022 at 15:14 UTC »

Maersk is a Danish shipping company, active in ocean and inland freight transportation and associated services, such as supply chain management and port operation. Maersk was the largest container shipping line and vessel operator in the world from 1996 until 2021.

HotMachine9 on March 22nd, 2022 at 14:25 UTC »

Fuck thats a big one