The action marks a complete break out from the sanctioned country. Maersk has halted taking new reservations for all of its services to and from Russia (sea, air, and land). Following its annual meeting of shareholders, the corporation also resolved to sell all of its holdings in Russia.
“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,” informed Maersk.
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. “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,” informs Maersk.
