The June cyberattack that paralyzed the computer systems in companies around the world is estimated to have cost the world\u2019s biggest container shipping line between $200 million and $300 million, A.P. Moller-Maersk said Wednesday.<\/p>\n\n\n\n
The Copenhagen-based group, which was particularly severely affected by the attack, says the impact will first be reflected in its third quarter results as revenue was mainly lost in July.<\/p>\n\n\n\n
The company says the June 27 malware attack was distributed through Ukrainian accounting software with backdoors into the networks of users. It was contained the following day.<\/p>\n\n\n\n
\u201cIn the last week of the 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 in July,\u201d CEO Soeren Skou said. The businesses \u201cwere significantly affected,\u201d but there was \u201cno data breach or data loss.\u201d<\/p>\n\n\n\n
It said it made a loss of $264 million in the second quarter, against a profit of $118 million a year earlier. Revenue rose to $9.6 billion from $8.7 billion.<\/p>\n\n\n\n
Its full-year forecast for an underlying profit above the 2016 figure, which was $711 million, \u201cis unchanged despite expected negative impact from the June cyber-attack,\u201d the group said. It added the gross capital expenditure for 2017 is still expected to be around $5 billion.<\/p>\n\n\n\n
It said the guidance for 2017 excludes the acquisition of Hamburg Sud, the German container shipping company and the world\u2019s seventh largest container line, which the Danish conglomerate bought last year.<\/p>\n\n\n\n
Maersk shares increased nearly 0.8 percent to 13,180 kroner in morning trading in Copenhagen.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Copenhagen-based group, which was particularly severely affected by the attack, says the impact will first be reflected in its third quarter results as revenue was mainly lost in July.<\/p>\n","protected":false},"author":7,"featured_media":80672,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_yoast_wpseo_meta-robots-noindex":"","_yoast_wpseo_meta-robots-nofollow":"","_yoast_wpseo_canonical":"","_acf":"","_yoast_wpseo_primary_category":13,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","_smg_distribution_targets":[]},"categories":[106,13,32],"tags":[],"coauthors":[1328],"class_list":["post-27857","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-brief","category-industry","category-newsletters"],"acf":{"subheadline":"","legacy_arc_id":"LM2CSC6L2FF4RGDDGQQHVHY3PU","arc_canonical_url":"\/industry\/2017\/08\/16\/worlds-biggest-shipper-cyberattack-cost-up-to-300m\/","remove_feature_photo":false,"is_sponsored":false,"subtype":"","redirect_url":"","disable_inline_ads":false,"native_logo_pretext":"Presented By:"},"yoast_head":"\n