Maersk back in black in Q2, but warns of USD300 million cyber attack losses Inbox x

Company Profiles, Containers, Press and Media — By on August 16, 2017 at 10:18 AM

From the Fairplay Daily Newswire:

Maersk back in black in Q2, but warns of USD300 million cyber attack losses

A steadily improving market has pushed Maersk Group to a profit in Q2, although a possible USD300 million loss from the cyber attack will dent earnings in the next quarter.

 

Read More

 

Maersk Tankers’ impairment charge drags energy business to loss

Impairments, rate pressure impact APMT earnings while volumes expand

PIL, PSA, IBM collaborate on supply chain blockchain solutions

Rickmers liquidation yields better-than-expected USD28.9 million

Concordia Maritime sees product tanker demand exceeding supply growth by 2018

Transocean makes USD1.2 billion offer to acquire Songa Offshore

Angelicoussis VLCC sold for scrap as prices keep rising

Polaris looks to Korea Shipping & Offshore to finance VLOC orders

Western Bulk optimistic as it posts positive first half results




From the editor
The shipping industry bellwether has reported its second quarter results. Maersk Line has posted a profit of USD339 million but the next quarter may prove more challenging. The Danish shipping giant is warning that third quarter losses from the mid-year cyber attack will be in the region of USD200 million to USD 300 million. These costs will stem from lost volumes during the incident as well as extraordinary costs in IT and operations. The attack forced Maersk to defensively shut down all its IT and communications, impacting container-related businesses Maersk Line, APM Terminals and Damco. Read more



Commentary
Don’t be the ‘fish out of water’
A new economic theory called the Adaptive Markets Hypothesis has a lot to say about the drivers of the shipping cycles.
Read More

25 Ropemaker Street | London | EC2Y 9LY
www.fairplay.ihs.com/help
Tags: , ,

Leave a Reply

IMPORTANT! To be able to proceed, you need to solve the following simple math (so we know that you are a human) :-)

What is 3 + 9 ?
Please leave these two fields as-is:

Trackbacks

Leave a Trackback