Maersk upbeat on shipping outlook, but faces hefty cyber attack bill

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Maersk faces a $200m-$300m bill for the cyber attack which wreaked havoc on its systems. In this Reuters article, chief Soren Skou notes investment in the company to minimise disruption from other possible cyber attacks, but said he did not believe the line lost customers. And aside from the unexpected quarterly loss of $264m, due to impairment charges of some $700m in its terminal and tanker business, owing to lower asset valuations and a loss of five contracts for APM Terminals, the shipping line remains upbeat. Mr Skou told Reuters: “Container shipping fundamentals are at their best since 2010.”