Cyber Security Disaster Affects Trade

Cyber-Attacks Disrupt Major Shipping Hubs

Options

Distribute its supply chain risk by looking more at the Northern Sea Route as an alternative supply chain route

Tighten risk management of trade finance products and positions particularly exposed to Europe, the US and the Middle East?

Encourage clients to look at inventory finance solutions as well as traditional trade finance products?

Wait until the problem blows over

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EUROPE: Belgian port’s operations paralysed, adding to the European trade gridlock.

JEBEL ALI: Key Middle Eastern hub affected, slowing down oil and gas shipments globally.

SINGAPORE: Major digital hub compromised, causing significant disruptions in trade flows to and from Asia.

ROTTERDAM: Europe’s largest port hacked, impacting vast amounts of European cargo handling and logistics.

GERMANY: Critical German trade link disabled, leading to considerable logistical challenges across Central Europe.

BARCELONA: Spanish port’s digital systems compromised, causing disruptions in Mediterranean shipping routes.

LOS ANGELES: Emerging as an alternative route due to port hacks, posing both environmental risks and political implications.