Container

Russia has taken a big bite out of Unifeeder's business : "That's the way it has to be"

Freight volumes have fallen sharply this year for the world’s second largest feeder line, due to a slowdown in demand and the effect of last year’s exit from Russia, says chief executive. 
"There will be lots of new tonnage, but that doesn't mean that there will be more cargoes on the market. Therefore, we will probably see more so-called cascading. This means that larger vessels will push smaller vessels to the sidelines in the feeder market," says Jesper Kristensen, CEO of Unifeeder. | Photo: Pr-foto
"There will be lots of new tonnage, but that doesn't mean that there will be more cargoes on the market. Therefore, we will probably see more so-called cascading. This means that larger vessels will push smaller vessels to the sidelines in the feeder market," says Jesper Kristensen, CEO of Unifeeder. | Photo: Pr-foto
by DAG HOLMSTAD

After tremendous growth in 2022 when Unifeeder was flying high with a record revenue of more than USD 2bn and estimated operating profit of approximately USD 800m, the world’s second largest feeder shipping company has now come back down to earth.

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