Maersk finishes liquidating Russian container shipping subsidiary

MOSCOW. Sept 20 (Interfax) - Denmark's Maersk Line Agency Holding A/S, the Maersk seaborne container shipping division, has now liquidated its subsidiary Maersk LLC (St. Petersburg), which operated in Russia.

Maersk LLC ceased operations due to liquidation on September 16, 2024, by decision of its founders, according to the Unified State Register of Legal Entities.

Maersk initially decided to liquidate its Russian container shipping subsidiary in 2022. The liquidation process was launched in November 2022. Maersk relaunched the subsidiary's liquidation in May 2024, following a pause.

Due to the suspension of the company's operating activities and the start of the liquidation process, all employees of the company were dismissed by mutual agreement in February 2023, company reporting said. The reporting said that "due to being in liquidation during the reporting period, the company did not carry out its main operating activities and did not receive revenue."

According to the USRLE, 100% of the authorized capital of Maersk LLC belongs to the founder, Maersk Line Agency Holding A/S. Maersk LLC was registered via the reorganization of JSC Maersk in 2014.

In the autumn of 2022, Maersk also decided to launch the liquidation of another Russian subsidiary, Maersk Solutions LLC (Moscow), formerly Damco Rus, 99% owned by Maersk Logistics & Services International A/S and 1% by Damco A/S. According to the company's financial reporting, the decision to liquidate Maersk Solutions was cancelled in October 2023. USRLE record shows the legal entity still existed as of September 20, 2024.

Danish transport and logistics company A.P. Moeller-Maersk A/S announced in 2022 that it would cease operating in Russia and notified Russian clients that it would start curtailing the company's business activities there. All container services to and from Russia were halted in the first quarter of 2022. Maersk exited the logistics segment in Russia in February 2023, selling warehouse complexes in St. Petersburg and Novorossiysk.