Colonial Pipeline

US maritime group fears waiver abuse by fuel shippers

A group representing U.S. domestic maritime interests has warned the Biden administration that the Jones Act waivers issued by the government to address fuel shortages could be used by shippers to make money off the crisis.

In a letter to President Joe Biden on Thursday, the American Maritime Partnership (AMP) urged the administration to reject any waiver of the Jones Act — a law that requires all cargoes moving domestically to be loaded into American vessels — unless U.S.-flag ships are...

https://s29755.pcdn.co/news/us-maritime-group-fears-waiver-abuse-by-fuel-shippers

Drilling Deep: Diesel in the wake of Colonial; KeyBanc’s Fowler on Q1

On this week’s Drilling Deep, host John Kingston talks about how diesel markets fared during the shutdown of the Colonial Pipeline.

There was so much focus on gasoline supplies, gasoline lines and the hoarding that created those issues that it raises the question: How did diesel do during this unprecedented time?

Also on this week’s podcast, Kingston is joined by Todd Fowler of KeyBanc. Fowler sits in on Drilling Deep every other quarter to talk about what earnings said about the state of the...

https://www.freightwaves.com/news/drilling-deep-diesel-in-the-wake-of-colonial-keybancs-fowler-on-q1

Colonial points to rapid return to normal

Colonial Pipeline’s operations are getting back to normal rapidly, with the company saying Thursday morning that deliveries of petroleum products have “commenced in a majority of the markets we service.”

The reaction in commodity markets undercuts the suggestion of recent days that the Colonial outage was not having a bullish impact on ultra low sulfur diesel prices traded on the CME commodity exchange. The prices for ULSD Thursday morning were down roughly 2.5% and gasoline was lower by a...

https://www.freightwaves.com/news/colonial-points-to-rapid-return-to-normal

US greenlights fuel transport by foreign ships

The U.S. Department of Homeland Security (DHS) has waived the Jones Act to allow a foreign shipping company to move domestic fuel supplies to help shore up fuel supplies on the U.S. East Coast.

“In the interest of national defense, I have approved a temporary and targeted waiver request to an individual company,” DHS Secretary Alejandro Mayorkas said in a statement late Wednesday.

“This waiver will help provide for the transport of oil products between the Gulf Coast and East Coast ports to ease...

https://s29755.pcdn.co/news/us-greenlights-fuel-transport-by-foreign-ships

US Grants Jones Act Waiver To Ease Fuel Supply Strain After Pipeline Hack

  • A cybersecurity attack on the Colonial Pipeline has left the nation’s largest fuel pipeline offline for nearly a week.
  • Although the pipeline shutdown did not cause a gasoline shortage, Americans in parts of the Southeastern U.S. have been fuel-hoarding and panic-buying.
  • The Biden administration announced its decision to waive the Jones Act.

The U.S. government relaxed a long-standing maritime law protecting domestic shipping commerce to allow an undisclosed company to transport gasoline and...

https://mfame.guru/us-grants-jones-act-waiver-to-ease-fuel-supply-strain-after-pipeline-hack/

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