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6,000 Maersk containers stranded in Russia after sale of Global Ports

Maersk’s port company, APM Terminals, has just fully divested Russian port company Global Ports to a Russian partner. The carrier is still working to retrieve containers still up in Russia.

Photo: Thomas Borberg

Maersk’s APM Terminals has divested remaining interest in Russian port company Global Ports, which the company has been trying to offload since the invasion of Ukraine in February.

As previously reported by ShippingWatch, the buyer is a Russian partner and current co-owner, Delo Group, which is owned by businessman Sergey Shishkarev.

As such, APM Terminals has no activities left in Russia. This is, however, not the case for Maersk, which is still trying to recover thousands of stranded containers from the country.

Previously in the year, Maersk decided to withdraw from Russia as a consequence of the country’s invasion of Ukraine. In relation to the announcement of its Q1 result in May, the Danish shipping company announced that the Ukraine war so far had had a cost of USD 718m on the operating result (EBIT), divided between impairments and costs linked to leaving Russia.

However, as evident from the half-year report presented by Maersk on Aug. 3, the carrier has succeeded with reducing losses and furthermore bringing home 14,000 of the 20,000 containers stuck in Russia.

”Bringing home containers has gone beyond expectations, meaning we only have 6,000 left (as of Aug. 3),” writes Maersk’s press division in an email to ShippingWatch.

Losses in Maersk’s Ocean division has thereby been reduced by USD 93m in the second quarter, and the overall loss linked to the terminated business in Russia is now at USD 624m compared to USD 718m previously.

English edit: Kristoffer Grønbæk

Maersk divests its share in Russian terminals company Global Ports

Maersk in several negotiations regarding Global Ports sale

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