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Dp World

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technology2 years ago

Hyperloop One: The End of an Era

Hyperloop One, the transportation company that aimed to revolutionize travel with high-speed pods in vacuum-sealed tubes, is officially shutting down on December 31. Despite raising hundreds of millions of dollars and undergoing various iterations, the company faced numerous challenges, including allegations of sexual misconduct against a co-founder and the withdrawal of Saudi Arabia's investment. The pandemic further impacted the company, leading to a shift in focus from passenger transport to cargo. DP World now holds the intellectual property rights and physical assets of Hyperloop One, including a test track, which will be sold off. Elon Musk's test tunnel has been repurposed as a parking lot, and no full-scale hyperloops currently exist.

via Electrek|
#dp-world#elon-musk#hyperloop-one
technology2 years ago

Hyperloop One's Demise Marks the End of a Transportation Revolution

Hyperloop One, a prominent hyperloop startup once backed by Richard Branson's Virgin Group, is reportedly shutting down on December 31. Despite raising and spending hundreds of millions of dollars since its founding in 2014, the company struggled to bring Elon Musk's hyperloop concept to fruition. After going through various changes and legal disputes, including losing a project with Saudi Arabia due to Branson's criticism of the country, Hyperloop One shifted its focus to cargo and was eventually acquired by Dubai port operator DP World. DP World will acquire the company's intellectual property, while its physical assets will be sold off.

via TechCrunch|
#dp-world#hyperloop-one#richard-branson
cybersecurity2 years ago

"Major Cyberattack Paralyzes Australian Ports, Threatening Aussie Christmas"

A cyberattack on DP World Australia, a major international logistics firm, has disrupted freight movement in multiple large Australian ports. The attack, which occurred on November 10, has caused significant delays and stranded approximately 30,000 shipping containers, including time-sensitive goods. DP World is currently working to restore operations and investigate the extent of data access and potential theft. No ransomware group has claimed responsibility for the attack at this time.

via BleepingComputer|
#australian-ports#cyberattack#cybersecurity
cybersecurity2 years ago

"DP World Cyberattack Disrupts Australian Port Operations"

DP World, one of Australia's major ports operators, has suspended operations at its container terminals in Melbourne, Sydney, Brisbane, and Perth since Friday due to a cyber-attack. The company, which manages around 40% of goods entering and leaving the country, expects the sites to remain closed for days as it recovers. The cyber-attack has not affected the supply of goods to major Australian supermarkets. The government has not yet identified the perpetrators of the attack, and DP World has disconnected its ports from the internet to prevent further unauthorized access. The disruption comes amid ongoing industrial action and raises concerns about potential supply chain disruptions.

via BBC.com|
#australia#cyber-attack#cybersecurity