Business, Freight News, Sea

Maersk update on Russia

[ March 4, 2022   //   ]

A.P. Moller – Maersk reports that the company is  closely following the ever-evolving situation with governments posing new sanctions against Russia and the regular adjustments that are being made to the list of restrictions. “Our teams are working around the clock to find solutions that safeguard our people, operations and our customers’ supply chains,” Maersk says.

As communicated yesterday, Maersk has now suspended bookings to/from both Russia and Ukraine until further notice. Exempted from the booking suspension to/from Russia is foodstuffs, medical and humanitarian supplies.

“We do, however, warn caution on still placing bookings for perishable cargo due to significant delays in key transshipment hubs that may damage the cargo,” Maersk says.

Customs authorities in the EU and UK are now inspecting all units to/from Russia transiting their terminals/ports to identify sanctioned and restricted shipments (main focus is sanctioned parties and restricted or banned goods). This is a direct consequence of the sanctions, but there are also indirect impacts as all cargo is getting delayed and our already congested transshipment hubs are getting more pressured.

This is a global impact, and not only limited to trade with Russia.