Unifeeder impacted by decline in Russian market

Unifeeder can feel the impact of the Russian market, which has declined by about 25 percent this year. The carrier does not count on any short-term changes.

Photo: Unifeeder

The decline in the Russian market is now beginning to seriously have an impact on the carriers which sail in the waters of the huge country to the East that just a few years ago seemed to be a rising star.

Unifeeder, which is one of the leading feeder carriers in Europe, has felt the consequences of the downfall and reduced sailings from six a week to now just four. The largest terminal company in Russia - Global Ports, partially owned by APM Terminals - could inform recently along with the 2014 annual report, that the company has been hit by falling freight volumes in to Russia, which for the first months of 2015 has meant a drop of about one quarter of volume in January and February compared to the same period last year.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

SDK Freja anticipates steep earnings drop following record year

Logistics company SDK Freja, which delivered record financials with great advancement on top and bottom lines, takes a more gloomy view of the current fiscal year due to several ”external factors.” However, the growth target remains the same, CEO tells ShippingWatch.

LNG carriers concerned about increasing ship prices

The price on new LNG vessels has soared vigorously, and for Flex LNG this has meant a withdrawal from the market for new ships. Such was the statement by Flex LNG’s chief exec at Marine Money in New York, where he also announced new long-term charter agreements.

Maersk ships delayed up to three weeks on US east coast

Bottlenecks at major container ports on the US east coast have entailed that Maersk vessels are affected by delays of up to three weeks. It’s a combination of congestion, many ships, and a lack of container space, Maersk says.

Further reading

Related articles

Latest news

See all jobs