Oh they tried this, admin offered to pay oil companies for damages and move it themselves. Little catch there is tanker ships take half a decade or longer to build. The companies cannot afford to roll the dice on losing one, even if they’ll get reimbursed for the ship. They lose capacity ($$$) waiting for the replacement.
Yeah, losses would wouldn’t just be the cargo and the ship, it would be a decade long hit to earnings. And I’d want to see money for all of that, in escrow, before I moved an inch. Trump is famous for not paying his debts. I’d want all that money secured upfront.
Oh they tried this, admin offered to pay oil companies for damages and move it themselves. Little catch there is tanker ships take half a decade or longer to build. The companies cannot afford to roll the dice on losing one, even if they’ll get reimbursed for the ship. They lose capacity ($$$) waiting for the replacement.
And USA doesn’t build those ships.
Who does build those ships?
China and South Korea, but mostly China.
Yeah, losses would wouldn’t just be the cargo and the ship, it would be a decade long hit to earnings. And I’d want to see money for all of that, in escrow, before I moved an inch. Trump is famous for not paying his debts. I’d want all that money secured upfront.