Two days after the United States under the administration of President Donald Trump invaded Venezuela, killed a large number of people and kidnapped then president Nicols Maduro and his wife Cilia Flores, specialist maritime and energy sector journalist Paul Morgan warned that this has increased the risk in global logistics which will impact costs.
With integrated global markets and fears that similar US actions may follow in Greenland, and that Trump may target other strategically positioned routes and ports, this is something that concerns everybody.
The events transformed one of the hemispheres key coastal states into a contested zone of authority, forcing shipowners, charterers and insurers to confront operational risks on a scale the region has not witnessed in decades, Morgan writes for gCaptain, a website that provides maritime and offshore news and insights.
