December 2023

Clogged Canals, The World’s Trade Arteries Panama Canal: El Niño and Operational Constraints The impact of El Niño on the Panama Canal and the Amazon region is the most severe in over a century, resulting in a substantial drop in passage capacity from 40 ships per day to just 18. Major shipping companies, including Maersk, […]

Navigating the EU Emissions Trading System (ETS) December 7th, 2023 Introduction In response to the urgent global concern over climate change, the European Union has implemented a phased plan, the “EU Emissions Trading System (ETS),” designed to curb greenhouse gas emissions. Effective from January 1st 2024, this initiative extends its scope to the shipping industry,