Category Archives: News

How hackers are targeting the shipping industry

When staff at CyberKeel investigated email activity at a medium-sized shipping firm, they made a shocking discovery. “Someone had hacked into the systems of the company and planted a small virus,” explains co-founder Lars Jensen. “They would then monitor all emails to and from people in the finance department.” Whenever one of the firm’s fuel […]

The World’s Shipping Companies Are Going Super-Sized

The hulking container ships that transport sneakers, bananas and Barbie dolls around the world keep getting bigger. So are the companies that own them. A massive consolidation is underway in the $500 billion global industry and the survivors now enjoy big economies of scale and increased demand, one year after excess capacity caused the sector’s […]

Port of Los Angeles Ends Fiscal Year with Western Hemisphere Record Volumes of 9.2 Million TEUs

The Port of Los Angeles closed its 12-month fiscal year with total cargo volumes of 9.2 million Twenty-Foot Units (TEUs), a new annual record for most container throughput for a Western Hemisphere port. Volumes increased 8.1 percent in June compared to the same period last year, marking the second busiest June in the Port’s 110-year […]

Maersk says too early to predict financial impact of cyber attack

Maersk said it was too early to predict the financial impact of last month’s global Petya cyber attack that hit the shipping giant’s computers and delayed cargoes, but added that normal operations had resumed at its ports. A.P. Moller-Maersk, Danish owner of the world’s biggest container shipping line, operates 76 ports via its APM Terminal […]