Logistics providers Hamburger Hafen und Logistik AG (HHLA) and EUROGATE will delay talks on future cooperation in the face the ongoing Russia-Ukraine conflict.
In a 1 July joint statement, the two parties wrote: “In light of the current geo-political situation and its unforeseeable impact, the two terminal operators HHLA and EUROGATE have agreed to delay their talks on a cooperation until the general economic conditions have stabilised enough to ensure a successful continuation.
“The parties involved have agreed not to disclose the results of the negotiations to date.”
The HHLA-operated terminal at the Ukrainian Port of Odessa has been closed indefinitely since the beginning of the conflict.
Just today Russian armed forces withdrew from the key outpost on Snake Island in the Black Sea – opening the door to a possible restart of operations at Ukrainian ports.
A recent report from the United Nations (UN) found that the war is suffocating trade and logistics in Ukraine and in the Black Sea region, whilst soaring shipping costs threaten to provoke a crisis in food-import-dependent countries.