Shipping firm Maersk admits NotPetya attack will cost it up to $300m
Shipping firm Maersk admits NotPetya attack will cost it up to $300m
The Danish firm was disrupted by a massive cyber attack in June
18 August, 2017, 00:20
Energy delivered an underlying profit of United States dollars 182m in Q2, with Maersk Oil as the main contributor.
In its interim second quarter financials released Wednesday, global shipping giant A.P. Moller-Maersk Group put the cost of the NotPetya attack at between $200 million and $300 million. Volume was up only slightly, increasing about 1.7 percent year on year.
"There is no material concern on the underlying performance in the quarter, given that the earnings miss is driven by non-cash items", Nordea analysts said in a note.
However, while the malware depressed the company's revenues, it was still able to report revenue up by $1bn compared to the same quarter a year earlier, and profits up by $490m.
Maersk said the loss was primarily due to impairment charges of approximately $700m in its terminal and tanker business, and the loss of five contracts in the first half of the year. Maersk said the loss of contracts was a one-off because APM Terminals signed 18 contracts for new volume. "We expect that the cyber-attack will impact results negatively by [between] $200 and $300m". Cyence, which helps insurers measure cyber risk, said economic costs from the attack would total US$850 million.
The group said the announced acquisition of Hamburg Süd was progressing as planned.
But it said underlying profit was up sharply at $389 million compared with $134 million in the same period previous year, based on an improvement of $517 million in transports and logistics thanks to increased freight rates. As a result, the company anticipates its third-quarter results will take a hit, he said.
The company maintained its forecast of a 2-4% rise in demand for container transportation over the backhalf of 2017.
Sharapova has been participating in tournaments via wildcard invitations, beginning in April on red clay at Stuttgart, Germany. The US Open runs from August 28 to September 10 at the Billie Jean King National Tennis Center at Flushing Meadows, New York.
Neither South Korea nor Japan , two potential North Korean targets in the region, have changed their emergency-readiness status. North Korea's leader ordered that the army should always be fire-ready should he make a decision for action, the report said.
Producers (Vamsi and Pramod) of UV Creations confirmed the news saying, "Shraddha is absolutely the flawless choice for the role". There was much talk about the popular romantic pair Prabhas and Anushka Shetty coming together for the fifth time in Saaho .
Last June, a top Uber executive obtained the medical records of a woman who, in 2014, had been raped by an Uber driver in India . Uber has a strict policy prohibiting all employees at every level from accessing a rider or driver's data.
Those interested in purchasing glasses can stop by the shop at the planetarium between now and the day of the eclipse. Shows on eclipse day can be viewed at 10:30 a.m., 11:30 a.m. or 12:30 p.m. and is recommended for ages 10 and above.
In the latest week to August 11 for which government data was available, Cushing inventories increased almost 700,000 barrels. Speculation that OPEC will fail to re-balance global oil markets with its supply quota plan continues to weigh on oil prices.
Actor Peter Dinklage has partnered with PETA to make a strong statement against the craze and subsequent surge at shelters . Dinklage , 48, who plays Tyrion Lannister on " Game of Thrones ", is a pet owner with his wife and daughter.
Trump elevates Cyber Command, considers break from NSA
The decision by Trump signals a recognition of the increasing importance of cyberspace operations to the American military. Its new title will let CyberCom use computer networks for military purposes without having to get permission from the U.S.
This Is Why Walmart Shares Are Tanking After a Good Quarter
With 497,200 avg volume, 5 days are for SK Telecom Company Limited (NYSE:SKM)'s short sellers to cover SKM's short positions. Bancolombia SA (ADR) (CIB) is set to disclose earnings in the last three months at $0.94 a share on $1.08 billion sales.
Irish border haulage firms 'depend on free movement'
The government's bigger challenge would be maintaining the benefits of the Customs Union and the Single Market, Wright added. Without a functioning Executive at Stormont, it is clear who the British Government are taking their lead from on Brexit .
Judge upholds same-sex marriage ban in Northern Ireland
But the DUP stopped the motion from passing by using an effective veto, known as a "petition of concern" to strike down the bill. Mr Justice O'Hara ruled on the two separate cases that were heard together due to the similarities of the arguments.
Kenya's defeated Odinga to take poll dispute to top court
Akombe, who is a dual US and Kenya citizen, was not given any reason why she stopped from boarding her flight, said officials. However, he defiantly pledged to "remove" Kenyatta's government that he said stole votes from him in August 8 elections.
Diego Costa hit with two-week fine on wages by Chelsea
But it is understood that Chelsea want Costa, as a player with two years remaining on his contract, to return to the club. Sky Sports pundit Terry Gibson said he believes Costa will be reunited with former team Atletico Madrid .
Anti-Trans 'Bathroom Bill' Dead as Texas House Adjourns
Governor Greg Abbott said the measure known as House Bill 214 would protect abortion opponents from subsidizing the procedure. School finance: Lawmakers approved about $560 million in extra funding for schools and retired teachers.
Blues order Costa to return
The striker is now in his native Brazil and has threatened to remain there rather than return to London , and then leave on a free transfer.
Chinese Side Requests Flag Meeting After Ladakh Face-off
Meanwhile at least 52 trucks belonging to PLA parked on the road built by the Chinese army were spotted on the side of the lake. A day after a skirmish between Indian and Chinese forces in Ladakh, both sides held a Border Personnel Meeting on Wednesday.
Palace: Police will probe bloody Bulacan drug raids
Thirteen other people were also shot along with Mayor Reynaldo Parojinog Sr. of Ozamiz city in the anti-drug crackdown on 30 July. In the span of 24 hours, 32 lay dead, and 107 were arrested after Bulacan police conducted a "one-time big-time" drug operation.
Adam Gase: Dolphins' Jay Cutler set to play Thursday
Miami waived injured wide receivers Francis Owusu , Jordan Westerkamp and offensive lineman Kwayde Miller was released. Starting right tackle Ja'Wuan James is nursing a shoulder injury that he'll likely have to play with all season.