Another squeeze on Russia: Three shipping companies won't sail there

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Two of the world's biggest container shipping companies are halting cargo bookings to and from Russia

"As the stability and safety of our operations is already being directly and indirectly impacted by sanctions, new Maersk bookings to and from Russia will be temporarily suspended, with exception of foodstuffs, medical and humanitarian supplies," shipping giant Maersk said in a statement on Tuesday.

Read MoreBut MSC, which recently passed Maersk to become the world's largest container shipping company, according to shipping analytics firm Alphaliner, will continue to accept and screen bookings for delivery of essential goods such as food, medical equipment and humanitarian goods.Another shipping company, CMA CGM, also suspended all bookings to and from Russia on Tuesday"in the interest of safety.

 

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