A year into the war, Maersk nears complete exit from Russian territory

Maersk had announced last year that they ceased all vessel operations to/from Russia and were looking to divest their domestic operations in the country. In latest updates from the organisation, Maersk sold two of its Russian facilities – and ICD and a cold storage warehouse – to IG Finance Development Limited, a company registered in Cyprus, on 17th February. 

“We are pleased to have found a new owner of our two logistics sites in Russia and thereby execute on our decision to divest all our assets in the country,” Maersk CEO Karsten Kildahl said. 

As far as the employees currently working at the cold warehouse in St. Petersburg and ICD in Novorossiysk are concerned, Maersk ensured that they would continue to work at the facilities even with the new owner takes over.

Maersk’s Novorossiysk ICD has a capacity of 1,500 containers (TEU) spread over 28,750 sq.mt. and specializes in handling commercial cargo, such as grains from railway wagons to sea containers.  On the other hand, the chilled and frozen warehouse in St. Petersburg is a 23,500 sq.mt. facility.

As per reports, Maersk still needs to sell four tug boats under its Svitzer brand. Once that sale is complete, Maersk will no longer have business ties with Russia. 

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