Dubai-based CStar Line, one of the opportunistic new entrants to Russian services in 2023, will cease all operations just three months after launching its China-Red Sea service.
CStar and its Chinese subsidiary STF Shipping have become the latest victims of weak shipping volumes to and from Russia, Linerlytica reported today.
After the United Nations, the United States and the European Union imposed sanctions on Russia following its invasion of Ukraine in February 2022, main line operators have almost stopped…
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