The U.S. Department of Transportation says it is evaluating resources to help mitigate potential impacts of the ongoing Colonial Pipeline cyberattack on East Coast gas and fuel supplies, including use…
Colonial Pipeline
Gulf Coast Refiners Book Tankers to Store Fuel Amid Pipeline Closure
By Ron Bousso and Laura Sanicola LONDON/NEW YORK, May 11 (Reuters) – Refiners booked at least five tankers to store gasoline stranded at U.S. Gulf Coast plants following a cyberattack…
Tanker Rates Skyrocket To Fill Colonial Pipeline Shortages
By Elizabeth Low (Bloomberg) Oil tanker charter rates skyrocketed in the U.S. with refiners scrambling for ships to store fuel that has nowhere to go due to a cyberattack on…
U.S. Gas Stations Run Dry As Pipeline Races To Recover From Hacking
Oil tanker charter rates skyrocketing in the U.S. with refiners scrambling for ships to store fuel that has nowhere to go. By Joe Carroll (Bloomberg) –Gas stations along the U.S. East Coast…
Colonial Pipeline CEO Privately Warns States of Fuel Shortages
By Ari Natter (Bloomberg) — The leader of the company whose fuel pipeline was paralyzed by a cyber attack warned state officials in a private meeting Monday that supply shortages could…
Colonial Pipeline – To Waive Or Not To Waive The Jones Act
By Salvatore R. Mercogliano, Ph.D. (gCaptain) The cyberattack upon the Colonial Pipeline on Friday, May 7, 2021 has resulted in the shutdown of a major conduit that provides 45 percent of…
Tanker rate boost from pipeline cyberattack could be fleeting
Bad news — accidents, war, extreme weather — is generally good news for commodity shipping. Case in point: Product tanker stocks, rates and futures jumped Monday in the wake of the cyberattack that shut down the Colonial Pipeline.
The pipeline, which has the capacity to carry 2.5 million barrels per day of refined products from the U.S. Gulf to the East Coast, was shut by a ransomware attack on Friday.
The best-case scenario for product tankers is an extended outage. A lengthy shutdown would...
https://s29755.pcdn.co/news/tanker-rate-boost-from-pipeline-cyberattack-could-be-fleeting
Ransomware gang blamed for Colonial Pipeline attack expresses regret
The FBI said on Monday that the DarkSide ransomware gang was responsible for the cyberattack that led to the shutdown of Colonial Pipeline.
The FBI shed any new light on its investigation into the attack, saying in a statement, “We continue to work with the company and our government partners on the investigation.”
It came after the hacking group itself issued a statement suggesting that the cybercriminals may be feeling a tinge of regret over the massive disruption to the U.S. gas and diesel...
Hackers Seek Cash, Not Chaos, in Colonial Pipeline Cyberattack – Update
By Stephanie Kelly and Devika Krishna Kumar NEW YORK, May 10 (Reuters) – A group of cybercriminals allegedly responsible for the ransomware attack that shut the largest fuel pipeline in…
Colonial Pipeline pointing to week’s end for resumption of operations
Colonial Pipeline, which carries fuel from the Gulf Coast region to the mid-Atlantic and Northeast, is now targeted to be back online by the end of the week.
In a statement released midday Monday, the company, which shut the line following a cyberattack, said it had a goal of “substantially restoring operational service by the end of the week.” The statement was conditional, noting that the process required “diligent remediation of our systems, and this takes time.”
“This plan is based on a...
https://s29755.pcdn.co/news/colonial-pipeline-pointing-to-weeks-end-for-resumption-of-operations