SAFETY4SEA Conference & Awards
2017
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SAFETY4SEA Conference & Awards
2017
Learn More

Tag: shipping economy

Maersk warns of cyber-attack impact

maersk

Maersk announced its economic results of Q2 reporting increased profit due to continued recovery in the container market and focus on restoration of profitability despite the expected negative financial impact of  up to USD300m in Q3 from the cyber-attack in June. Søren Skou, CEO of A.P. Moller - Maersk commented on the Q2 earning, warned that the group expects disruptions for the forthcoming results due to 'NotPetya' ransomware cyber attack which led to predominant loss of business in July 2017. 

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AAPA declares second annual ‘Ports Day’

aapa

The American Association of Port Authorities announced that its entire membership in North, South and Central America and the Caribbean will celebrate Western Hemisphere Ports Day on Tuesday, April 4. On this annual celebration, the association will recognize the industry’s role in supporting job creation and propelling the economies of the nations they serve across the Americas.

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S.Korea court declares Hanjin Shipping bankrupt

hanjin

On February 17, the Seoul Central District Court officially declared the bankruptcy of Hanjin Shipping Co Ltd which had been the world's seventh-largest container shipper. Earlier this month, the South Korean Court decided in favor of a bankruptcy following estimation that the company's liquidation value would be worth more than its value.

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