New CEO says APM Terminals "well underway" leaving Russia
Maersk’s investment in Russian container terminals via Global Ports connects to major companies, and divesting equity ”must be done properly,” says incoming APM Terminals CEO Keith Svendsen to ShippingWatch. The decision to sell the shares is final, he says.
by JENS THOMSEN
A.P. Møller-Maersk has announced the company will get rid of its investment in Global Ports, which operates five Russian container terminals, as a consequence of Russia’s invasion of Ukraine, and Maersk is in full swing withdrawing, says Keith Svendsen, incoming chief executive of Maersk’s port operator, APM Terminals.
Already a subscriber?Log in here
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
Get full access for you and your coworkers
Start a free company trial todayRelated articles
Morten Engelstoft to resign from Maersk
For subscribers
