Industry News

The enduring feature of cyber threats is their ability to adapt and evolve, with new lines of attack developed as barriers are put in place, and strategies to expose vulnerabilities constantly emerging. A June 2020 White Paper** from the British Ports Association and cyber risk management specialists Astaara suggests that reliance on remote working during the COVID-19 crisis coincided with a fourfold increase in maritime cyber attacks from February onwards, for example.

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In the 1980s shipping went through one of the biggest structural changes the industry has ever seen which was the development of third party ship management services. A weak freight market forced many shipowners to explore new avenues to reduce their operational costs and one such avenue was the outsourcing of commercial and technical ship management to companies financially independent from the ship owning company and structured to carry out that kind of services as agents for and on behalf of owners; the so-called third party ship managers.

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