Maersk considers suspending container shipments to Russia

[honest.abe]

Source: Reuters

COPENHAGEN, Feb 28 (Reuters) - Shipping group Maersk (MAERSKb.CO) said on Monday it was considering suspending all container bookings in and out of Russia in response to Western economic sanctions on Moscow following its invasion of Ukraine.

The company said it was closely monitoring the fast-evolving sanctions and restrictions imposed against Russia, and making preparations to comply with them.

"Our preparations include a possible suspension of Maersk bookings to and from Russia on ocean and inland," Maersk said in a statement.

Maersk, which handles roughly one in six containers shipped worldwide, said it was focusing on safeguarding types of containers and cold chain operations that "include important goods such as groceries and pharmaceuticals."

Read more: https://www.reuters.com/business/maersk-considers-suspending-all-shipments-russia-2022-02-28/

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This would be a significant blow to Russia in many ways.

[Happy Hoosier]

1. "Considers?" Fuck me. Just do it. NT

[Auggie]

5. +1

[COL Mustard]

7. Yup. Don't talk. Act.

Do it now.

[IronLionZion]

2. Russia is fast becoming the new North Korea

isolated and paranoid

[Gore1FL]

8. and nuclear...

[IronLionZion]

10. Which can be like a cornered rabid animal with nothing left to lose

[JustAnotherGen]

3. They have to

The US Sanctions and Denied Parties lists (OFAC, BIS) apply to anyone or any business that does business with bad actors.

If they don't want the flags on their ships to get put on the denied list for US Businesses - they better do it and damn quick.

[lagomorph777]

4. Probably won't get paid for those shipments, so that would be wise.

[TeamProg]

15. +1 Good point. That's probably it. n/t

[TomWilm]

6. The company profile of Maersk is to sell whatever to anybody ...

... transporting arms for the U.S. as well as for Russia is standard for them, also for North Korea.

If they stop doing a trade, it is because the profit there is not enough, not ideological.

[IronLionZion]

12. They don't want to get their ships stuck in a NATO blockade

[BumRushDaShow]

9. Wow.

I have seen those up and down the river here in Philly.

[Historic NY]

11. Send nothing and make sure your insurance is paid.

[Sgent]

13. Russia

almost completely destroyed Maersks' IT during the 2014 invasion of Ukraine as collateral damage. If it weren't for one domain controller that happened to be offline due to internet problems the company would have either been sunk or severely damaged (already it cost hundreds of millions).

[TeamProg]

14. Just DO it! n/t

[SheltieLover]

16. DO IT!

[oldsoftie]

17. The walls are closing in, Vlad. can you hear the voices?

[FakeNoose]

18. Maersk probably has ships at Russian docks right now

I'm sure they want to get their ships out of harm's way before they "cancel" the contracts.