US waives shipping restrictions to ease fuel crunch after pipeline hack By Reuters – Investing.com

US waives shipping restrictions to ease fuel crunch after pipeline hack By Reuters – Investing.com

By Bhargav Acharya

(Reuters) -The U.S. government relaxed a long-standing maritime law protecting domestic shipping commerce to allow an undisclosed company to transport gasoline and diesel to ports in the East Coast after a cyberattack crippled the nation's largest fuel pipeline network.

The Jones Act, implemented in 1920, requires goods moved between U.S. ports to be carried by ships built domestically and staffed by U.S. crew. The waiver will allow foreign vessels to ship petroleum products from the Gulf Coast to East Coast ports in the United States.