WORK BOAT WORLD: Oceanographic and hydrographic sensors manufacturer Mind Technology has announced that Alan P. Baden and Nancy Harned have been appointed to its Board of ..
The post Who’s Who: Maritime Movements for May/June 2022 appeared first on Baird Maritime.
https://www.bairdmaritime.com/work-boat-world/whos-who-maritime-movements-for-may-june-2022/
Denmark’s AP Møller-Mærsk Group (APMM) – which we argued at the end of 2020 had its finger on the M&A trigger – is now rumoured to be ready to deal, chiefly to boost its Less than Container Load (LCL) capabilities.
Rings a bell, doesn’t it?
For the narrative, maybe you recall our exclusive coverage in early September, headed: “APMM hires China veteran, covets air and LCL leadership“.
When contacted earlier today via email (subject: …
The post M&A radar: AP Møller-Mærsk LCL benchmark deal...
https://theloadstar.com/ma-radar-ap-moller-maersk-lcl-benchmark-deal-rumoured-our-shortlist/
Australian mining major Rio Tinto’s vessel has started a liner service between Dampier Port, Western Australia, and Singapore, using a multi-purpose vessel that has 618TEU capacity.
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The post Rio Tinto launches Dampier-Singapore liner service...
https://container-news.com/rio-tinto-launches-dampier-singapore-liner-service/
A new survey of manufacturing and retail customers by third-party logistics provider Toll Group is reinforcing the narrative that the coronavirus pandemic is accelerating moves to diversify product sourcing away from China.
A quarter of customers are now planning to transition some of their operations out of China in the next three years, the global logistics powerhouse said. Melbourne, Australia-based Toll is the 17th largest 3PL in the world by gross revenue, according to Armstrong &...
https://s29755.pcdn.co/news/covid-supply-chain-disruptions-reinforce-china-1-strategy
It’s really quiet out there ahead of the Q3 ’20 earnings season that opens with 3PL JB Hunt for the US trucking market in about a fortnight, just as stock markets are at their frothiest ever, although volatility (VIX) looks steady below 30 where it has hovered since 9 September.
So it was naturally...
It’s been a tough year for Toll – and it now appears to be up for sale. After the extraordinarily high-priced acquisition by Japan Post in 2015, for $4.64bn, the pair seem to have eluded success. And, according to Reuters, Japan Post is sounding out brokerage firms to get advisors for the deal. It...
Logistics giant Toll Group says it suffered a second major cyber attack this year, revealing it has closed numerous internal...
https://mfame.guru/logistics-giant-holds-out-against-ransom-following-cyberattack/
Australian logistics and freight transport powerhouse Toll Group announced on Tuesday that cybercriminals using ransomware known as “Nefilim” attacked its systems last week.
A corporate server containing information on current and former Toll employees and customers was infiltrated.
The Melbourne-based company said it shut down its information technology systems to mitigate the risk of further infection and has not given in to demands to pay a ransom in exchange for being allowed access to its...
https://www.freightwaves.com/news/toll-group-victimized-by-ransomware-attack
Toll Group is having a tough year, and has confirmed that the “unusual activity” on its servers last week was a cyber attack, which has now led to ransom demands.
The threat – unrelated to the attack on Toll in January – involves ransomware called Nefilim.
The hackers accessed a corporate server containing information on Toll staff and some commercial agreements with enterprise customers, although Toll said the server was not “designed as …
The post Toll Group resists ransom demands from hackers...
https://theloadstar.com/toll-group-resists-ransom-demands-from-hackers-after-cyber-attack/
More trouble at Toll Group. According to IT News, the forwarder has had to take some platforms offline after finding “unusual activity” on some of its servers.
Toll’s website does not mention it, however, and The Loadstar is awaiting confirmation from the company. However,Toll told IT News it did not think the activity was connected to its ransomware attack on 31 January, from which it took some weeks to recover.
The post Toll Group takes some platforms offline after ‘unusual’ activity on servers
https://theloadstar.com/toll-group-takes-some-platforms-offline-after-unusual-activity-on-servers/