Cyber attack could cost Maersk US$300m

Maersk has announced that the June NotPetya cyberattack could cost the company up to US$300m, but remains upbeat after underlying profit nearly tripled year-on-year.

The damage caused by NotPetya is estimated to fall between US$200m and US$300m, the majority of which will come out of Maersk’s third quarter profits due to the delayed impact on volumes and IT.

In its second quarter results the company posted a net loss of US$269m largely due to lower asset valuations in Maersk Tankers, which it plans to sell.