Maersk suffers massive cyber attack — June 29, 2017

Maersk suffers massive cyber attack




COPENHAGEN, Jun 29 (FAM) – The world’s largest container shipping group Maersk has been hit by a major cyber attack that is affecting a number of major companies around the world, with Maersk’s IT systems down across multiple sites and business units.

In a statement this yesterday, parent company A.P. Møller-Mærsk confirmed that Maersk had been “hit as part of a global cyber attack named Petya on the 27 June 2017”, adding: “We have contained the issue and are working on a technical recovery plan with key IT-partners and global cyber security agencies. We have shut down a number of systems to help contain the issue.”

As of this yesterday, subsidiaries Maersk Oil, Maersk Drilling, Maersk Supply Services, Maersk Tankers, Maersk Training, Svitzer and MCI are not operationally affected, although the group said precautionary measures have been taken to ensure continued operations.


Containers at South Korean ports increase 8.5% in May —

Containers at South Korean ports increase 8.5% in May


BUSAN, Jun 29 (FAM) – Container throughput at trade ports in South Korea increased 8.5% year on year to 2.36 million TEUs from 2.175 million TEUs in May, according to an announcement made by the nation’s Ministry of Oceans and Fisheries.

Exports and imports swelled 8% to 1.395 million TEUs in total, while transshipment (T/S) containers were even more brisk, growing 9.5% to 946,000 TEUs.

Harbour Commissioner adopts POLB budget —

Harbour Commissioner adopts POLB budget


LONG BEACH, Jun 29 (FAM) – Containers to and from Inchon surged a notable 17% to 254,000 TEUs, thanks to increases in exports to and imports from China. In contrast, container lifting was sluggish at Kwangyang, which went down 4.9% to 182,000 TEUs.

The Long Beach Board of Harbor Commissioners has approved a $748 million budget for the Port of Long Beach in the next fiscal year, with more than 60 percent set aside to continue a modernization program that is the largest of any U.S. seaport.


Hamburg Logistics Initiative & Port of Hamburg Marketing organize first Rail Conference —

Hamburg Logistics Initiative & Port of Hamburg Marketing organize first Rail Conference


HAMBURG, Jun 29 (FAM) – The ‘First Rail Conference on Cargo Transport by Rail and Ports’  attended by 200 experts from the railway network, rail operator, shipowning, terminal and port operation fields, attended companies and organizations from Hamburg, the Metropolitan Region and the whole of Germany.

Held on the initiative of their Rail Working Group headed by Dr Bernd-R. Pahnke, Vice President Port Development, DB Cargo AG, the Hamburg Logistics Initiative (LIHH) and Port of Hamburg Marketing were the organizers of this first Rail Conference.

Both the welcome address by Prof Dr Peer Witten, Chairman of LIHH, and the introductory lecture by Senator Frank Horch, Hamburg’s Minister of Economics, Transport and Innovation, emphasized that around 11 percent of freight traffic by rail in Germany commences or finishes its journey in Hamburg. Even though the Elbe metropolis is well positioned on the market, in Senator Horch’s view many challenges remain for successfully developing rail freight traffic.


US$44b project can link Thailand to China’s Belt and Road initiative —

US$44b project can link Thailand to China’s Belt and Road initiative


BANGKOK, Jun 29 (FAM) – Thailand’s Industry Minister Uttama Savanayana has said that a US$44 billion plan to add infrastructure and upgrade industry on its eastern seaboard can link up with China’s Belt and Road Initiative, as part of a push to encourage economic growth.

Speaking in a Bloomberg Television interview on the sidelines of a conference in Bangkok, the minister pointed out that the Eastern Economic Corridor project could be beneficial for China and the rest of Southeast Asia, apart from bolstering Thailand’s outlook.

Beijing-Zhangjiakou high-speed railway to be finished by end of 2019 —

Beijing-Zhangjiakou high-speed railway to be finished by end of 2019


BEIJING, Jun 29 (FAM) – On June 26, 2017, officials were seen a grand bridge across Beijing-Baotou railway, a section of the Beijing-Zhangjiakou high-speed railway line in Huailai county of Zhangjiakou, North China’s Hebei province.

Beijing-Zhangjiakou high-speed railway, a major transportation project for the 2022 Olympic and Paralympic Winter Games, is expected to be finished by the end of 2019. The new railway will link Beijing’s Yanqing district and Chongli county in Zhangjiakou.

Air freight volumes and yields continue to climb —

Air freight volumes and yields continue to climb


BRUSSELS, Jun 2f9 (FAM) – Air freight volumes and yields continued to climb during the second quarter of 2017, with the strength of the market set to continue through to the end of the year, due largely to increasing cross-border e-commerce activity, according to investment analyst Stifel.

It said indicators including recent conversations with industry insiders suggested both volumes and yields had continued to rise throughout the three months to the end of June, and there were concerns about capacity and rates for the peak season ahead.


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