A.P. Moller – Maersk (Maersk) will sell its stake in terminal operator Global Ports Group.
Confirmed by Global Ports Investments PLC (Global Ports) on 10 March, the Board of Directors was notified of APM Terminals B.V., Maersk’s terminal arm, of its intention to divest its 30.75 per cent stake in the operator due to Russia’s invasion of Ukraine.
“We have today informed our joint venture partners and GPI, that we wish to take steps to divest our shares following the invasion of Ukraine and the operational challenges,” APM Terminals said in a statement.
Maersk is one of many shipping companies dropping shipments to and from Russia.
Global Ports operates eight terminals, with six in Russia.
