Maersk Line sailed to a half a billion profit in 2017, but earnings were dragged down by the cyber attack and rising unit costs.
International Freight Shipping
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News & Analysis
23 Jan 2018
Exchange participants hope the New York Shipping Exchange will increase visibility and certainty for shippers, which they argue will result in a better end-to-end experience for its customers.
08 Jan 2018
On a percentage basis, 2017 was one of the strongest increases registered since the end of the Great Recession.
29 Dec 2017
A key, new container shipping partnership will commence operations in 2018's first quarter, and it will affect the intra-Asia supply-demand equation.
07 Dec 2017
“If we can harmonize the behavior of the actors in our supply chain and stop working at cross purposes, it will boost American economic growth and competitiveness.”
04 Dec 2017
Four shipping carriers will help steer the New York Shipping Exchange.
27 Nov 2017
New features in the nonprofit database of global container information will help identify containers that have changed hands, been stolen, or are tied up in bankruptcy court.
07 Nov 2017
The terminal operating arm of the Maersk Group said challenging market conditions and industry overcapacity put pressure on profits.
03 Nov 2017
In his new role, Fitzgerald will lead MCI’s 5,000 employees at three container manufacturing sites and a research and development center.
21 Aug 2017
Copenhagen-based Maersk has been seeking to reduce its exposure to the energy market.
16 Aug 2017
After chasing market share during the rate wars of 2016, Maersk Line is now concentrating on maintaining profitability in the recovering market.
16 Aug 2017
Maersk is “quite pleased with growth in the [air cargo] business.”
16 Aug 2017
Maersk Line had a good second quarter and expects this to continue, and not even a possible $300 million third quarter hit from the cyber attack will derail its full-year profit expectations.
14 Aug 2017
The number of top global carriers has fallen since 2014.
09 Aug 2017
US containerized imports are forecast to reach the highest-ever monthly total in August.
18 Jul 2017
APM Terminal (APMT) in the Port of New York and New Jersey says it will have mostly recovered from the cyber attack on Maersk by the end of the week.
14 Jul 2017
Despite some terminals being seriously affected by the Maersk Group cyber security breach, from a global perspective the impact was short lived.
13 Jul 2017
What is a customer to do to protect its supply chain?
13 Jul 2017
The pledge comes as Maersk Line recognizes concern among shippers at booking containers with the carrier while it limps back to a business-as-usual state.
11 Jul 2017
A US Federal Maritime Commission public notice on Tuesday sparked erroneous reports that Maersk was still unable to access its customer contract database due to the Not Petya virus that spread through computers worldwide on June 27.
11 Jul 2017
A major port drayage group said Tuesday that APM Terminals should have kept its facility in the Port of New York and New Jersey closed until it had recovered from a cyber attack on parent company Maersk Group.
08 Jul 2017
Access to real-time data is extremely useful to carriers, BCOs, and others, but a consensus has yet to emerge on who owns the data.
08 Jul 2017
Project shippers and carriers hope the Export-Import Bank of the United States, a political football for years, can get off the sidelines soon.
07 Jul 2017
It has been 10 days since a cyber attack crippled Maersk Line, Damco, and APM Terminals, but the carrier has reported a rapid rise in cargo bookings as its systems are restored.
30 Jun 2017
Marine terminals are reluctant to jump aboard until they get guarantees on data safety.
30 Jun 2017
“These facilities have already restored systems and are able to gate cargo in and out.”
29 Jun 2017
Maersk Line says it is close to bringing its operations back to normal after a massive cyberattack.
29 Jun 2017
“While we are working on a solution, we do not have an update on expected resumption of services.”
28 Jun 2017
The alarm bells have been ringing for years.
28 Jun 2017
The inability to communicate remains a serious issue, the carrier said.
28 Jun 2017
Gridlock threatens to return to Jawaharlal Nehru Port Trust following the so-called “Petya” ransomware attack on Maersk Group’s global systems.
27 Jun 2017
Maersk was among several companies hit by the cyberattack.
13 Jun 2017
A year after the implementation of the Safety of Life at Sea (SOLAS) requirement, the once hot-button fears about the regulation have disappeared, but doubts on the accuracy of declarations linger.
07 Jun 2017
Heavy-lift specialist Mammoet has completed the lifting and positioning of the two largest units of an $8 billion Sasol ethane cracker and related plants that will add to exports of polyethylene resins from the US Gulf region.
11 May 2017
The global terminal operating arm of the Maersk Group also said it lost services in the alliance reshuffle.
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Commentary
Testing the limits of cyber security