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Pipelines
Daily Infographic: Modal Employment in the Transportation & Warehousing Sector
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Daily Infographic: Transportation Employment Update
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https://www.freightwaves.com/news/daily-infographic-transportation-employment-update
Falcon eyes Brazilian pipelines
Falcon eyes Brazilian pipelines
Brazilian offshore IRM operator, SISTAC, has added another Falcon to their fleet of Saab Seaeye underwater robotic vehicles.
On-line fibre optic video surveillance of the ‘Pull in – Pull out’ pipeline connection process by the Falcon’s HD camera is the vehicle’s...
https://allaboutshipping.co.uk/2021/06/17/falcon-eyes-brazilian-pipelines/
US recovers ransom paid to Colonial Pipeline hackers
The U.S. Department of Justice has seized $2.3 million worth of Bitcoin paid to the hackers behind the cyberattack that led to the shutdown of Colonial Pipeline in May, federal officials announced on Monday.
The FBI recovered 63.7 bitcoins that had been paid to members of the DarkSide ransomware gang after a federal judge signed a seizure order.
“Ransom payments are the fuel that propels the digital extortion engine, and today’s announcement demonstrates that the United States will use all...
https://www.freightwaves.com/news/us-recovers-ransom-paid-to-colonial-pipeline-hackers
Clean product tanker rates on US bound trade almost doubles after pipeline attack
Clean product tanker rates on US bound trade almost doubles after pipeline attack
BIMCO’s Shipping Number of the Week
The closure of the Colonial pipeline which runs from the US Gulf to the US East Coast, has caused a spike in oil product tanker rates on trades to and from the region. Earnings on the Rotterdam to New York trade for a Handysize tanker capable of carrying about 280,000 barrels of oil, jumped from USD 5,591 per day on 7 May to USD 10,833 on 10 May. This is because gasoline...
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...
Feds issue final rule allowing liquefied natural gas by rail
The U.S. Department of Transportation (DOT) and the Pipeline and Hazardous Materials Safety Administration (PHMSA) are authorizing the bulk transportation of liquefied natural gas (LNG) by rail via a final rule that the agencies issued on Friday.
The rule, which was made in consultation with the Federal Railroad Administration (FRA), allows for the bulk transportation of LNG using DOT-113 tank cars with enhanced outer tank requirements and additional operational controls.
The issuance of the...
https://s29755.pcdn.co/news/feds-issue-final-rule-allowing-liquefied-natural-gas-by-rail
For-hire freight declines in April worst since 2009
Industry commentary suggesting a likely April bottom for the freight industry can be supported by new government data showing the worst year-over-year declines in for-hire transportation data since the financial crisis of 2008-09. The dramatic drop in the monthly data highlights what could be the low point in the current freight cycle and provides a relatively easy sequential comparison.
The Freight Transportation Services Index (TSI) fell 10% year-over-year in April according to the Bureau of...
https://s29755.pcdn.co/news/for-hire-freight-declines-in-april-worst-since-2009
DOT using Postal Service to step up face mask distribution
The U.S. Department of Transportation (DOT) plans to distribute 15.6 million cloth masks throughout the freight and passenger sector in a ramp-up of efforts by the Trump Administration to keep the coronavirus pandemic under control among transportation workers.
“Transportation workers are on the frontlines of keeping our transportation systems operational during this public health emergency and their well-being and safety is paramount,” commented U.S. Transportation Secretary Elaine Chao on May...
https://s29755.pcdn.co/news/dot-using-postal-service-to-step-up-face-mask-distribution