Maersk: Cyberattack Cost up to $300 Million

August 18, 2017

Maersk Line posted a profit of nearly $340 million for the second quarter, a significant improvement over the $150 million loss in the same period last year. The result included only a part of the estimated $200-300 million loss related to the "Petya" cyberattack on Maersk Line and APM Terminals in late June. Maersk Group CEO Soren Skou said that the attack cut liftings for Maersk Line by about 20 percent in the first half of July. Volumes have recovered, though, and customers have stayed with Maersk, Skou emphasized.

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