Who wants to buy a terminal company in Russia?

It’s hard to imagine a sale of Maersk’s terminal operator in Russia in practice, analysts assess. The Danish company will probably not receive noteworthy payment for its shares in Global Ports.

Photo: Global Ports Portchain

Maersk intends to get rid of its stake in Russian terminal company Global Ports, of which the Danish container line owns 30.75 percent, but who can or will buy into a company in sanctioned Russia, which the International Monetary Fund (IMF) says is headed toward a deep recession?

Maersk itself assesses the sale of its stake in Global Ports could end up taking ”several months,” and that’s hardly an overstatement, says container analyst Lars Jensen, CEO at Vespucci Maritime.

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