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APMM has decided to exit its ownership of assets in Russia which includes Global Ports, ownerships of warehouses and ownership in towage business. Svitzer has a single operation in Russia where we provide towage services to the Sakhalin-II oil and liquefied natural gas project. Because of recent events, we have taken steps to exit the operation and sell our assets, including 4 tugs. Furthermore, we have begun the process to exit our cold store warehouse in Saint Petersburg and inland terminal in Novorossiysk in Russia. Our operation will continue until a solution is found.
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Related FAQs
Are there any exceptions when it comes to shipping cargo to/from Russia? Can I ship cargo to/from Belarus at the moment? Can I ship cargo to/from Russia at the moment? Can I ship cargo to/from Ukraine at the moment? Can I ship/transport cargo from neighbouring countries of Belarus that is not from Belarus (non-Belarusian origin) or going to Belarus, but the booking party/shipper/consignee to the shipment is Belarusian? Can I ship/transport cargo from neighbouring countries of Russia that is not from Russia (non-Russian origin) or going to Russia, but the booking party/shipper/consignee to the shipment is Russian (this include Belarus)? Can I ship/transport cargo from or to neighbouring countries of Russia that originates from Belarus or is going to Belarus? Can I ship/transport cargo from or to neighbouring countries of Russia that originates from Russia or is going to Russia? How is your exiting of Russian assets going to affect Global Ports operations in Russia? How will the new sanctions and export controls that are being applied to Russia affect my cargo already underway to Russia? Is Flex Hub Lite compulsory for existing bookings currently in first load port or discharged in a transshipment hub? Is the current shipping situation affecting other ports?
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