Petya ransomware: Cyber attack costs could hit $300m for shipping giant Maersk

Rodiano Bonacci
Agosto 16, 2017

Despite a recent major cyber-attack, ocean carrier A.P. Moller - Maersk predicted 2017 underlying profits in excess of last year's $711 million in its report of second-quarter performance.

The company's interim report details how it reacted to the attack by immediately shutting down infected networks to contain the malware and prevent its spread.

Transport & Logistics reported a consolidated revenue of $7.7bn, which was an increase of 15 per cent compared to same quarter a year ago, and an underlying profit of $442m which was improved significantly, in large part driven by higher container freight rates.

"I am relatively positive on the outlook for the container shipping industry".

The company maintained its expectation for a rise in global demand for seaborne container transportation at 2 to 4 percent this year, but said it was now expected in the upper range.

Revenue for the period ended June 30 was up 8% to $9.6 billion compared with the prior year, but post-tax impairments of United States dollars $732 million related to Maersk Tankers and APM Terminals, the company reported was a second-quarter loss of $264 million. Analysts had expected a profit of $536 million on revenue of $9.64 billion, according to a FactSet poll.

"We are clearly out of the financial crisis and benefiting from solid economic growth driven by the U.S., Europe and China", Mr. Skou said.

Maersk Oil also reported a rise in profit, boosted by a higher average oil price in the quarter of $50 a barrel compared with $46 past year. Management at the Danish company sees "very healthy fundamentals" for container shipping, Skou told Bloomberg's Matt Miller and Guy Johnson. The guidance excludes the acquisition of Hamburg Süd.

The company is continuing to evaluate the future of its energy unit, with a decision expected before the end of 2018. The results reflected a 21% increase in Maersk Line revenues and higher results in Maersk Oil, partly offset by a decrease in Maersk Drilling and APM Terminals. The plan involves moving ore ships in and out of APM Terminals and moving more cargo inland through DAMCO, its supply-management division handling air freight, trucks and warehouses around the world.

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