Month: February 2022

Jensen warns Russia-Ukraine conflict might generate cyberattacks on ports

Jensen warns Russia-Ukraine conflict might generate cyberattacks on ports

Container shipping analyst Lars Jensen, the principal at Copenhagen-based Vespucci Maritime Consulting, warned that tensions between Russia and the Ukraine could spill out into cyberattacks on critical infrastructure, including ports.

Jensen warned the element of risk has risen drastically in the last weeks. “I cannot stress enough how seriously this should be taken.”

Jensen was addressing the Propeller Club of Northern California (PCNC) on February 8th.

Recalling the 2017 cyberattack that shut down the ocean carrier Maersk, Jensen said:

“Remember that in 2017 Maersk was brought down by a cyberattack. They were completely down for a week, and it took several weeks to get back up and running. Maersk was purely collateral damage of a Russian-backed cyberattack on the Ukraine. Several thousand companies got hit on that attack.”

Today the risk of damage could be far worse: “Fast forward to the situation right now with Russia on one side and NATO and the Ukraine on the other… In the last few weeks, authorities in Britain, Canada and the United States have warned that this is a significant risk against critical infrastructure. So, this threat has to be taken very seriously. U.K. authorities are reporting cyber activities that are very similar to those that preceded the cyberattacks of 2017.”

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PCNC Welcomes GSC Logistics David Arsenault: What to Expect from Ocean Carriers in 2022 on Thursday, March 31 @ 11 Via Zoom 

PCNC Welcomes GSC Logistics David Arsenault: What to Expect from Ocean Carriers in 2022 on Thursday, March 31 @ 11 Via Zoom 

 David Arsenault is the President of GSC Logistics, one of the largest and fastest growing logistics companies on the US west coast providing drayage, deconsolidation, and other value-added services. Mr. Arsenault has over 35 years of global executive leadership experience across all supply chain disciplines including ocean carriers, marine terminals, 3PLs, IEPs, motor carriers and technology companies. Dave previously spent 12 years at Hyundai Merchant Marine America where he was named the first western President and CEO until 2016 and has also held key leadership positions over 14 years at both Sea-Land and Maersk Logistics. Mr. Arsenault is a graduate of the US Merchant Marine Academy in Kings Point, New York, where he obtained a Bachelor of Science Degree, a 3rd Mates License as a Merchant Marine Officer and a commission as a Naval Reserve Officer. He has also attended the Executive Supply Chain Management Program at Harvard Business School and the Executive Finance Program at the University of Michigan Business School. Dave has served on the Boards of the American Chamber of Commerce, the Pacific Maritime Association (PMA), the Pacific Merchant Shipping Association (PMSA), the Harbor Trucking Association (HTA), Blume Global Executive Advisory Board and the Propeller Club of LALB. 

David discussed:

  • What to expect from ocean carriers in 2022
  • Where will freight rates go
  • What can U.S. exporters expect
  • Will equipment shortages ease

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