After cyber attacks, oil deliveries in the European oil hub have been postponed

After cyber attacks, oil deliveries in the European oil hub have been postponed ...

LONDON, February 4 - Tanker and barge shipments from Europe's largest oil hub have been postponed for up to a week as four storage companies scramble to resume operations following cyber attacks, sources say.

SEA-TANK and Evos, both owned by Germany's Marquard & Bahls, have been affected since the end of last week.

Some operations have been postponed, affecting oil flows in the Netherlands, Belgium, and throughout Germany. It is not clear whether the cyber attacks are linked.

Handelsblatt, a German newspaper, reported that Oiltanking and Mabanaft were attacked with a ransomware program. The companies declined to comment.

Earlier this week, the Saudi Arabian Army announced a force majeure on their German shipments, and Shell stepped in to re-route alternative supplies.

Petrol stations in Mabanaft, according to a source, were operating normally, although truck loadings were still problematic.

SEA-TANK and Evos have a storage facility in and around the Amsterdam-Rotterdam-Antwerp oil hub, with their concerns leading to crowding outside the port.

According to Refinitiv Eikon ship tracking data, at least seven fuel tanks were sitting off the coast of Belgium waiting to ship in Antwerp.

Either barges may be required to transport fuel between ports and inland down the Rhine River.

"The outages have caused problems in the entire chain because ships have to be re-routed to other functional ports," according to Lars van Wageningen, the market intelligence company.

SEA-TANK operates five companies in the port of Antwerp and were forced to cut capacity starting from Sunday. A source familiar with the matter said they were "back to normal but not at full speed" as of Friday.

Evos said on Friday that its terminals in Terneuzen in the Netherlands, Ghent in Belgium, and Malta had been delayed.

"Evos continues to operate at all its terminals.... The cause of the disruption is being investigated," a spokesperson said.

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