Chief Executive Soren Skou said on Tuesday that it was not easy to stop doing business in a country like Russia. The Danish logistics giant still has vessels calling at Russian ports to deliver containers booked before the military operation in Ukraine began and to pick up around 50,000 containers stranded in Russia, he said. It could take until the end of April to retrieve them all.
"We have about 50,000 of our containers in Russia today. Most of them are empty, they are our property," Skou said.
APM Terminals, part of A.P. Moeller-Maersk A/S and which owns 30.75% of Global Ports, said on Friday that it intended to begin the process of exiting from the share capital of Global Ports, Russia's biggest container terminal operator. It also said it would continue to be represented on the board of directors and fulfil its obligations towards the company until the stake has been divested.