China's COSCO Shipping Lines has been hit by an apparent cyber attack that has caused a 'network breakdown' within its Americas region, the shipping line confirmed in a Facebook post. As a precautionary measure, the shipping line has shut down its networks in other regions as well, the company said. "Due to the local network breakdown within our Americas region, local … [Read more...]
Maersk Line Stays in Profit Despite Cyber Attack
By Mike Wackett (The Loadstar) - Maersk Line reported a net profit of $220m in the third quarter, compared with a loss of $122m in Q3 16, but there were negative results for sister companies APM Terminals and Damco as competition intensified and margins became squeezed. Turnover at Maersk Line increased year-on-year by 14% to $6.1bn, boosted by a 14% hike in its average … [Read more...]
Maersk Upbeat Despite Hefty Cyber Attack Bill, Impairment Charges
By Jacob Gronholt-Pedersen COPENHAGEN, Aug 16 (Reuters) - Denmark's A.P. Moller Maersk gave an upbeat outlook for container shipping on Wednesday, lifting its shares by as much as 4.5 percent as investors looked beyond one-off second-quarter charges and a costly cyber attack on its operations. Maersk has been hit by low oil prices at its energy arm and sliding prices in its … [Read more...]
Corporate Earnings Show Impacts of NotPetya Cyber Attack
By Jim Finkle and Eric Auchard TORONTO/FRANKFURT, Aug 2 (Reuters) - The cyber attack that crippled Ukraine businesses and spread worldwide to shut down shipping ports, factories and businesses has taken a costly toll on the results of major U.S. and European companies in the latest quarter, with more to come. Cadbury chocolate maker Mondelez and freight logistics company … [Read more...]
Maersk Applies New IT Security Systems After Cyber Attack
COPENHAGEN, July 20 (Reuters) - A.P. Moller-Maersk said on Thursday its anti-virus software was not effective against a new type of malware that hit the Danish shipping giant last month, but said further protective measures have now been put in place. "This virus attack was a previously unseen type of malware, and updates and patches applied to both the (Microsoft) Windows … [Read more...]