A presidential declaration of emergency in Venezuela’s oil sector is just the latest symbol of difficulties in the global tanker market.
While the coronavirus and faltering world trade are making headlines, the crumbling economy in Caracas is taking another bite out of the demand for mainstream shipping.
The situation in the country is dire. One in three Venezuelans are now unable to put the food on their plates required to satisfy nutritional needs, according to a report from the United Nations World Food Programme.
