Reducing Activities: company scaling back some business operations while continuing others

Stay Scaling Back

Sinokor Merchant Marine Co., Ltd.

Reducing Activities: company scaling back some business operations while continuing others

Stay Scaling Back
The Company Statement
March 04, 2024

Sinokor is one of the top 20 largest shipping lines by traffic volume, and it is the only major international operator that has not reduced transportation to Russia since the start of the war. South Korean sea carrier Sinokor announced the cessation of operations at the Russian port of Vostochny in Primorye. The company and its subsidiary Hueng-A Line will no longer accept orders for delivery starting March 10. On February 23, the operator of the Vostochny port, Vostochnaya Stevedoring Company (VSK), owned by the leader of the Russian container shipping market, the Global Ports group, was placed on the US sanctions list on charges of transporting ammunition from the DPRK. At the same time, Sinokor has already significantly increased prices for the use of its containers in Russia.

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