Skip to main content

Danish companies fear for assets in Russia



















CARRIERS: 



A.P. Moeller-Maersk and other big Danish companies are concerned about their assets in Russia after the superpower has threatened with sanctions against the EU and the United States.




BY CHRISTIAN CARLSEN
Published 07.03.14 at 15:57








The threat from Vladimir Putin and Russia regarding sanctions against European and American companies make several of the biggest Danish companies fear for their assets in the country.






ShippingWatch has learned that several of the country's biggest companies, including A.P. Moeller-Maersk, Carlsberg, and Ecco are in constant dialog with the Ministry of Foreign Affairs in relation to Putin's threat of freezing western assets in Russia and confiscating real estate and property belonging to western companies and individuals currently on Russian soil.







Do you want to stay up to date on the latest developments in International shipping? Subscribe to our newsletter – the first 40 days are free







The companies are allegedly concerned about which assets Russia can freeze, and which sectors and countries Putin might target.





For the Maersk Group, this primarily concerns the massive investment in Russian port terminal company Global Ports, of which Maersk's terminal operator APM Terminals acquired a 37.5 percent stake in September 2012, at a price of around USD 873.2 million. A.P. Moeller-Maersk has yet to return with a comment.







Wants to defend sovereignty


According to state-owned Russian news agency Ria-Novostni, the Russian parliament is working on a bill to allow the seizure and freezing of European and American corporate assets.




"This legislation will allow the president and the government to defend our sovereignty against threats,"
says the man behind the bill, Andrei Klishas, Chairman of the constitutional committee in the upper chamber of the Russian parliament, according to CNN.






The bill also includes the option to freeze the bank accounts of European and American companies. According to sources in the Ministry of Foreign Affairs, Danish companies have - in similar situations in the past - been able to pull their money out of the country. But it is difficult for the ministry at this time to evaluate how real the current threat is. And the ministry has allegedly not been able to get any information from the embassy in Russia or their Ukraine/Russia task force.





The Russian bill serves as a response to the Eu and United States' recent discussions into the possibility of issuing sanctions against Russia due to the country's aggressions toward the Ukraine, primarily focused on the Crimea peninsula.





The EU opted to make use of this opportunity. First off, the EU has decided to cut off negotiations concerning visa liberalization and a major financial agreement with Russia. The United States is also introducing visa limitations and freezing assets deposited in the United States by certain named Russians and Crimean citizens.







Shipping untouched


Even though the crisis on the Crimea peninsula is at full throttle, and the EU and the United States have introduced political sanctions against Russia, the Danish shipping industry has yet to take a hit.




"None of what we're seeing has had any impact on our business. No economic sanctions have been introduced in either direction, so we're not affected by the decisions in Brussels,"
says Jacob K. Clasen, section chief at the Danish Shipowners' Association.





According to the association, 2-3 percent of the Danish shipping industry takes place in Russia, and several carriers describe the major Russia market as a significant growth engine.





One of these is DFDS, which has a solid exposure to Russia and the Baltic nations. This company trusts that the politicians will resolve the current conflict.





"We're awaiting the situation and leaving the job to the politicians, though of course we hope for the best,"
says DFDS Head of Communication Gert Jakobsen.





http://shippingwatch.com/

Popular posts from this blog

THE MOST SOUGHT AFTER MANGOES IN THE WORLD ....

While "Flavor" is very subjective, and each country that grows mangoes is very nationalistic, these are the mango varieties that are the most sought after around the world because of sweetnesss (Brix) and demand.

The Chaunsa has a Brix rating in the 22 degree level which is unheard of!
Carabao claims to be the sweetest mango in the world and was able to register this in the Guiness book of world records.
Perhaps it is time for a GLOBAL taste test ???





In alphabetical order by Country....










India




Alphonso





Alphonso (mango)
From Wikipedia, the free encyclopedia








Alphonso (हापुस Haapoos in Marathi, હાફુસ in Gujarati, ಆಪೂಸ್ Aapoos in Kannada) is a mango cultivar that is considered by many[who?] to be one of the best in terms of sweetness, richness and flavor. 


It has considerable shelf life of a week after it is ripe making it exportable. 

It is also one of the most expensive kinds of mango and is grown mainly in Kokan region of western India.

 It is in season April through May and the fruit wei…

Mangoes date back 65 million years according to research ...

Experts at the Birbal Sahni Institute of Palaeobotany (BSIP) here have traced the origin of mango to the hills of Meghalaya, India from a 65 million year-old fossil of a mango leaf. 





The earlier fossil records of mango (Mangifera indica) from the Northeast and elsewhere were 25 to 30 million years old. The 'carbonized leaf fossil' from Damalgiri area of Meghalaya hills, believed to be a mango tree from the peninsular India, was found by Dr R. C. Mehrotra, senior scientist, BSIP and his colleagues. 




After careful analysis of the fossil of the mango leaf and leaves of modern plants, the BISP scientist found many of the fossil leaf characters to be similar to mangifera.


An extensive study of the anatomy and morphology of several modern-day species of the genus mangifera with the fossil samples had reinforced the concept that its centre of origin is Northeast India, from where it spread into neighbouring areas, says Dr. Mehrotra. 




The genus is believed to have disseminated into neighb…

DHL (INDIA) makes gifting mangoes as easy as 1-2-3-....

Gifting mangoes is now easy with DHL
Announcement / Corporate


 May 19, 2011, 14:04 IST





Come this summer pamper your loved ones abroad with a box of delicious mangoes through DHL’s Express Easy Mango service, a unique one-stop-shop and hassle-free service for gifting mangoes all across the world.






This unique service by DHL Express, the world’s leading express company, allows customers to send mangoes from India across the world to the following countries Belgium, Canada, Czech Republic, Germany, Greece, Hungary, Hong Kong, Italy, Luxemburg, Maldives, Netherlands, Norway, Oman, Qatar Singapore, Switzerland and Sweden.





Mangoes can be availed of free of cost by merely paying for the Air Express service. In addition, DHL Express assists customers with the necessary paperwork along with procurement of quality-grade Alphonso mangoes.





Commenting on the new service, Mr. R.S Subramanian, Country Head, DHL Express India said: “With the advent of the mango season, it is no wonder that DHL Express Ea…