Maersk Says June Cyberattack Will Cost It up to $300 Million
- Company had net loss last quarter after tankers unit writedown
- Maersk keeps guidance as underlying industry outlook ‘healthy’
Soren Skou, chief executive officer at A.P. Moller-Maersk, discusses second-quarter earnings, the $732M impairment, his outlook for the fleet, the impact of the cyberattack on earnings and consolidation in the container shipping industry. He speaks on 'Bloomberg Markets: European Open.' (Source: Bloomberg)
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A.P. Moller-Maersk A/S said a cyberattack that hit the owner of the world’s biggest container shipping company at the end of June will wipe as much as $300 million off profits in the third quarter.
The announcement was made in connection with second-quarter earnings, which showed Maersk missed analyst estimates after taking a writedown at the tankers unit that’s part of the energy business management has said it wants to get rid of.