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According to satcom provider Marlink, cyber treat activity is on the rise and is rapidly evolving as hackers find new ways to bypass security measures.

Marlink operates a cybersecurity center that covers the operations of 1,800 vessels around the globe. In the last six months, the center has observed a significant rise in malicious activity compared with the first half of 2023, including 79 "major incidents" across the managed fleet. 

The threat landscape is still dominated by phishing attacks, which involve tricking a company employee into giving up login information so that the hacker can access a corporate network. The human factor remains the most frequently exploited vulnerability in the security chain, and advanced hackers are coming up with new ways to exploit unwary users. Marlink has seen a marked increase in the number of attacks that use "reverse proxy phishing," a method of stealing login credentials without alerting the employee that anything has happened. In a reverse proxy phishing attack, the attacker does not have to fraudulently recreate a fake version of a  legitimate website. Instead, they create a proxy in between the user and the real website, and the user never knows that their login information is passing through the hands of a hacker. 

Once an attacker has stolen login credentials through a fishing attack, they can move on to other ways of exploiting the system. This could be installing command & control software so that the corporate system can be misused remotely; enslaving the system into a botnet; or installing persistent remote access software that allows the hacker to watch and steal data over time. 

In addition to threat actors who want to steal data, maritime operators have to watch out for ransomware groups, which have caused some of the most disruptive attacks in industry history. Marlink has identified nine ransomware gangs that are active in targeting maritime, including some of the biggest household names in this form of crime - BlackCat, PLAY, Black Basta and BianLian, among others. 

"Ransomware remained one of the primary threats to maritime targets in the first half of the year, as it significantly disrupts operations and causes considerable economic damage. Attacks have paralyzed critical systems, delayed shipments, and compromised logistics, resulting in operational downtime and costly ransom demands," warned Marlink. "This combination of operational impact and financial loss makes ransomware remain a major concern for the maritime industry."

The best defense, according to Marlink, is to have a good security operations center (SOC) on your team to provide proactive monitoring. 

"Malicious actors [are] evolving their attack patterns and launching fraudulent campaigns that bypass previously effective security controls, such as two-factor authentication, forcing us to react and raise the security level to ensure operations are safeguarded," explained Nicolas Furgé, President Digital, Marlink.

 

 

Today’s containership orderbook is the largest it has ever been in terms of teu capacity. Helping put some perspective to the newbuild avalanche, analysts at Alphaliner have identified just how much of the ships on order are needed as fleet replacement with Maersk notably behind its peers when it comes to rejuvenating its ageing fleet. 

The top 10 ocean carriers currently have 431 container ships on order for a total capacity of more than 5.9m teu, according to Alphaliner, something that along with record LNG carrier orders has elbowed out tanker and dry bulk owners from blue chip yards across Asia.

“Additional containership orders in China… are increasingly taking up shipyards’ capacities,” broker Gibson noted in a recent report. “Combined with the further strengthening of containership market enquiries, the slots available for tanker newbuildings are competing with those for containers, affecting yards’ sentiments and ability to maintain their pricing and confidently promoting their forward deliveries.”

Boxship newbuild contracting already exceeded the 2023 full-year total as of the end of August with hundreds of thousands of more slots booked in the intervening weeks. 

The global liner vessel fleet reached 30m teu for the first time in history this June. 

While the global container fleet will grow significantly in the years ahead, Alphaliner data (see chart below) does show that nearly half of the ships on order among the big 10 liners will actually be replacement tonnage.

Today, the top 10 container lines still operate 683 vessels aged 20 years or older, representing a capacity of more than 2.6m teu, Alphaliner data shows.

Assuming 25 years as the normal commercial lifespan of a sea-going cargo vessel, these numbers suggest that the top 10 operators could, between them, use 44% of their combined orderbook just to replace the oldest ships in service, rather than for growth.

Only one carrier has not ordered a sufficient number new ships to replace ageing tonnage, according to Alphaliner, with the accompanying chart (see below) clearly showing Maersk’s comparative inactivity when it comes to ordering.

Alphaliner did note, however, that Maersk has committed to a fleet renewal program of 800,000 teu over the coming five years, including 500,000 teu of chartered vessels. Several of these charters have yet to be unveiled, so that the “naked” numbers, as Alphaliner describes them, are somewhat distorted to Maersk’s disadvantage.

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