The shipping company has revealed that the cyber attack has cost $300 million in lost revenue. Maersk CEO Soren Skou said "In the last week of the 2nd quarter we were hit by a cyber-attack, which mainly impacted Maersk Line, APM Terminals and Damco. Business volumes were negatively affected for a couple of weeks…
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It has been decided that plans for a 6th terminal will be halted to keep costs down whilst the 3rd runway is being built. Heathrow published its half yearly report last month, which made no mention of the proposed plans. Instead it stated that further investment in terminals 2 and 5 will go ahead…
During 2016 126 ports handled more than 1 million teu containers. According to DynaLiners report entitled millionaires roundup, 82 ports had experienced growth in the year with 5 ports showing growth of 25% or more. These ports were Chittagong, Bangladesh (26%), London (26%), Salalah, Oman (29%), Tangshan, China (27%) and Southampton (26%). 14 ports reached…
Although they resumed trading on the Shanghai Stock Exchange (SSE) this week, Cosco’s take over of OOCL could still hit a stumbling block. Cosco’s shares were suspended two months ago and the SSE issued a letter of enquiry on July 18th seeking clarification on two points of the proposed deal. The first is whether it…