Sinking rates and new capacity create crashing waves in box line financials
The deluge of new containership deliveries continues, the extra capacity driving down freight rates and ...
© Tegotego
By Alex Lennane
The shipping and logistics industry is looking increasingly vulnerable to cyber attack. A host of stories in the past week have shown how hackers can target shipping. Perhaps most worrying is that ship loading and container stowage plans are sent via unsecure messaging, meaning that a malevolent hacker could redistribute weights on a ship and putting it out of balance.
Hot on the heels of this story was news that Clarksons, the shipbroker, had its data hacked, possibly as a result of a failed blackmailing attempt. Clarksons has warned customers that confidential information could be released. And also revealed this week was that customs agents at Tincan Island had had their passwords hacked in order to clear containers. It’s time to get protected…
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