US east coast Colonial pipeline resumes operations after cyber-attack
Jones Act waiver granted to one company as 5,500-mile refined products pipeline in the US restarts operations five days after ransomware attack
Transatlantic tanker rates have steadied, with fixtures agreed earlier this work to ship gasoline and other refined products to the US east coast not going ahead as urgency abates with pipeline restart
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A waiver of the Jones Act would allow foreign tankers to carry petroleum products up the eastern seaboard from the Gulf coast as panic-buying threatens to exacerbate the supply shock in the US southeast
Transatlantic daily tanker earnings surge 117% in one day to nearly $20,000 as traders seek medium range tankers to refined product shipments into Atlantic coast
‘The Jones Act ensures that we don't lose our domestic ship building capability,’ US Secretary of Transportation Pete Buttigieg told Congress. ‘If we lose our national maritime industry, it might not return and the consequences would be devastating’
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