The Impact of U.S.-Venezuela Relations on Ocean Shipping
U.S.–Venezuela relations have entered a consequential phase for ocean transportation, energy markets, and trade compliance. Sanctions targeting Venezuela’s oil sector and maritime networks now combine escalated enforcement, including tanker seizures, vessel interdictions, and intensified scrutiny of shipping structures, with narrowly-tailored licenses permitting specific oil exports, diluent shipments, and related maritime services. This has blurred traditional lines between operational risk, trade compliance, and risk transfer strategies.
Op | Ed: Stop Studying and Build Ships
Maybe it is a human trait, or maybe a Washington, D.C. trait, but when confronted with a difficult problem with unpalatable solutions, there is usually an impulse to delay the moment of difficult decision by ordering a study. The U.S. merchant marine industry is the poster child for this behavior. The industry has been studied and studied, and is currently being studied, but studies don’t build ships -- shipyards build ships.Going back to the Lynch Committee in 1870, the U.S. government has regularly produced studies on how to revive the U.S. merchant marine.
