News / Impact of cyber attack and weaker rates on Maersk earnings unveiled tomorrow

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The Maersk Group will publish its third-quarter results tomorrow and reveal the full impact of the summer Petya virus cyber attack that caused a 12-day IT shutdown.

According to Maersk chief executive Soren Skou, Maersk Line was averaging around 210,000 feu a week, but liftings slumped to 160,000-180,000 in the first two weeks of July as shippers booked containers with other carriers.

Notwithstanding the cost of the cyber-attack, which Maersk has estimated at $200-$300m, analysts are also concerned about the impact of weaker freight rates on the carrier’s top ...