shipping industry News

4 Billion Pieces of Paper Keep Global Trade Afloat but Fraud Fuels Push to Digitize

They are relatively easy to fake. Frequently get lost. And can add huge amounts of time to any journey. Yet paper documents still rule in the $25 trillion global cargo trade with four billion of them in circulation at any …

Cyber Attack Hits 1,000 Merchant Ships as Norway Firm Targeted

A cyberattack on a Norwegian shipping services firm ensnared about 70 companies and 1,000 ships. Oslo-based DNV, one of the world’s top ship-classification firms, suffered a ransomware cyberattack on Jan. 7, it said in a statement on its website. The …

Cyber Pirates Prowling Ship Controls Threaten Another Big Shock

In February 2019, a large container ship sailing for New York identified a cyber intrusion on board that startled the US Coast Guard. Though the malware attack never controlled the vessel’s movement, authorities concluded that weak defenses exposed critical functions …