[New post] Maersk Is Leaving Russia, And What That Means
Leila World Blog posted: " World's largest shipping company has left Russia. 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 ha"
World's largest shipping company has left Russia. 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.
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.
Though we still have to do so much more until Putin stops these War Crimes and War. We are moving in the right direction. Just gotta keep enforcing those sanctions, help the Ukraine people, a trial for Putin, and his co-participants, for War Crimes, and Crimes Against Humanity! Once and for all!
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