Tag: Maersk

Russian Timber Journal 02-2023: interview with Yuri Strezhen, CEO at Praktika Group; state support measures for the Russian timber industry affected by the sanctions pressure; China reduced log imports from all the main suppliers in 2022; Vladimir Putin proposed to grant enterprises a deferment on forest area lease payments for unharvested timber; the Government of the Russian Federation increased the maximum amount of compensation for the expenses of timber enterprises for the transportation of their products; in 2022, Russia reduced the volume of logging by 13.5% to 194.6 million m³, according to Roslesinforg; Russian Railways resumed accepting sawn timber for export shipments through Kazakhstan; International Paper reaches agreement to sell ownership interest in Ilim joint venture; Segezha Group may reorient the Segezha West project to new products; the volume of furniture export from Russia dropped by 39% YoY in 2022, down to 29.5 billion rubles; Luzales and Slotex acquire Russian assets of IKEA

Russian Timber Journal 02-2023: Yuri Strezhen, CEO at Praktika Group: “This is a good time to improve the efficiency of both production and administrative processes of enterprises”; support measures mentioned by the business, relevant agencies, regions, the Government...

Maersk divests logistics assets in Russia

Maersk has entered into an agreement to divest its logistics sites in St. Petersburg and Novorossiysk to IG Finance Development Limited. Maersk divesting the two sites is a consequence of the company’s decision made in March 2022 to...

Maersk predicts a 25% drop in maritime freight traffic in Q2 2020

According to Maersk company report global container trade declined by 4.7% in Q1 2020, primarily due to the COVID-19 pandemic that impacted both the supply chain and demand. Container demand is expected to weaken further in 2020, particular...

Global timber market review #4-2015

– Germany’s woodworking machinery industry is expecting solid sales growth in 2015, but downturn is expected in Russia. – Raute’s net sales amounted to €94.0 million in 2014, up 13%. – John Deere’s global forestry sales in 2015...

Global Trends Review, June 16-29, 2014: New acquisitions and projects in the North American pellet industry; China blocks container shipping alliance

RWE Innogy is selling the largest operating US pellet factory, Georgia Biomass in Texas, as Holzkurier reported. The company is going to dispose of biomass assets as non-core business. The mill was launched in May 2011 and has...