APM Terminals has decided to sell its shares in Russian port operator Global Ports due to Putin’s invasion of Ukraine.
This move follows Maersk Line’s decision to halt all bookings to and from Russian ports on 1 March.
Global Ports Investments (GPI) PLC confirmed that the company and its board of directors received on 10 March notice from Maersk-owned port operator, which holds 30.75% of the shares in the company, intends to commence a process to divest its shareholding in the company.
“We have...