• 18/06/2024 04:43

The world's largest sea carrier decided to liquidate its Russian business

Danish logistics company A.P. Moller-Maersk Group has resumed the liquidation procedure of its Russian subsidiary Maersk LLC. The Russian edition of RBC writes about this.

The largest The sea carrier of the world has decided to liquidate the Russian business

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What is known

In 2022, after the start of the Russian invasion of Ukraine and the introduction of sanctions, Maersk announced the cessation of business in the Russian Federation. Over the past two years, the company stopped accepting cargo at Russian ports and sold the Delo group of companies a stake in the port holding Global Ports, warehouses in St. Petersburg and Novorossiysk and more than 800 refrigerated containers to the Polar Star company.

In the same year, Maersk began the liquidation procedure of its subsidiaries – Maersk Solutions LLC and Maersk LLC. Both companies ended liquidation proceedings in 2023 and resumed operations.

The reports of Russian subsidiaries for last year say that they did not conduct operating activities and did not receive revenue, and the services of Maersk Solutions may not be in demand due to -for the imposed sanctions. They noted that Russian organizations, when choosing suppliers, will be determined in favor of “friendly countries.”

A.P. Moller-Maersk Group is one of the world's largest players in the container shipping industry. The company occupies about 15% of the total market.


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