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Ukraine Crisis

Maritime companies that have taken action against Russia

Photo: Unsplash - Pat Whelan pat-whelen-RHC5ar0MFkE-unsplash.jpg
The Russian invasion of the Ukraine has put pressure on maritime and energy companies suspend business with Russia even if not required to under sanctions.

Many of the biggest consumer names such as Samsung, McDonald's, Zara and Apple have suspended business in Russia in reponse to the invasion of the Ukraine. Seatrade Maritime News compiled a list of actions publicly taken by shipping and maritime related businesses.

Container Lines

Container lines were among the first companies to limit their operations in Russia and Ukraine following the invasion.

Maersk has issued multiple updates on its suspension of bookings to and from Russia, Belarus and Ukraine with some exceptions.

MSC has halted bookings to and from Russia.

CMA CGM has issued multiple updates on its operations in the Black Sea area, suspending all bookings to and from Russia and suspending calls to Ukraine.

Ocean Network Express (ONE – K Line, MOL and NYK) suspended bookings to and from Odessa, Novorossiysk and St Petersburg.

Hapag Lloyd has suspended bookings to and from Ukraine, Russia and Belarus.

Car Carriers

Höegh Autoliners has discontinued its services to Russia and Belarus

Wallenius Wilhemsen has suspended Russia and Belarus operations.

Shipbuilders, shipyards and equipment suppliers

Damen has halted delivery of newbuilds to Russia.

Wartsila has suspended all deliveries to Russia and is complying with all sanctions.

Classification Societies

Russian Maritime Register of Shipping’s membership of IACS is withdrawn. DNV, Lloyd's Register and ABS have all announced  curbs to Russia-related business. Update: Class societies cut Russian ties

 

Energy Majors

BP and Equinor will exit their Russian investments.

Exxon will make no new investments in Russia and is exiting the huge Sakhalin-1 project.

Shell announced its intent to withdraw from Russian oil and gas.

TotalEnergies said it was supporting Ukrainian authorities with fuel and will no longer provide capital for new projects in Russia.

Ship management

Many seafarers around the world call Russia and Ukraine home. Ship management companies have generally avoided any suspension of activities in either country, instead calling for peace and offering support to affected seafarers and their families.

V.Group has said it is in compliance with all financial and operational sanctions.

 

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