Most leading shipping companies

Most leading shipping companies have halted their services to Russia except COSCO Shipping

Most global shipping companies have suspended cargo bookings temporarily to and from Russia amid the Russia-Ukraine crisis, says GlobalData. The leading data and analytics company notes that essential goods such as medical equipment, food, and humanitarian aid continue to be transported. Sathiya Jalapathy, Business Fundamentals Analyst at GlobalData, comments: “The decision by many global shipping companies to halt their services to Russia could put the country in a difficult position as it will struggle to import goods such as motor vehicles and spare parts, industrial machinery and equipment, apparel and electrical machinery.”