Skip to content

Maersk Exits Russian Assets While Navigating China Congestion

Port Of Cartagena As Colombian Exports Rise
Photographer: David Lombeida/Bloomberg

Maersk says its business in China is feeling the impact of Covid lockdowns, though “not as much as you may expect.”

That was among the messages from Soren Skou, CEO of the world’s No. 2 container line, as the Copenhagen-based company announced first-quarter earnings that took a $718 million hit for exiting Russia. (Click here for more on those results.)