Tag: Panama Canal

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Panama Canal: Fostering a climate-resilient operational environment for a sustainable future

Ilya Espino de Marotta, who is the first Chief Sustainability Officer for the Panama Canal & Deputy Administration, reveals her priorities to address the challenges posed by climate change. The Canal has always been focusing on sustainability, however it now embarks on a new and more ambitious era. Following the implications of the recent drought, the Canal has implemented an operational strategy and has taken action with investments and collaborations to ‘’thrive in a new climate economy’’. 

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EIA: Attacks in the Red Sea lead to heightened shipping durations and freight costs

According to EIA, after Yemen-based Houthi militia attacks on commercial ships transiting the Red Sea started in November 2023, some vessels began opting to avoid the Bab el-Mandeb chokepoint—a narrow strait that borders the Yemeni coast and is the southern entrance to the Red Sea. Instead, they’re choosing to take longer, more costly routes around the tip of Africa.

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