Freight News, Sea

Ahead of IMO 2020, The Panama Canal Asserts its Role as the Green Route

[ August 7, 2019   //   ]

On January 1, 2020, the global maritime community will adopt new ambitious emission standards set by the International Maritime Organization (IMO). Aimed at reducing the industry’s carbon footprint, the transition from the current 3.5% sulphur cap on fuel content to 0.5% has begun to spur significant changes that disrupt “business as usual.”

To ease into and take advantage of the new guidelines, the Panama Canal has already undertaken a series of initiatives to position the waterway’s competitive advantage in a post-IMO2020 business environment. From providing new incentives for reduced emissions to forging new international partnerships, the Canal is well-positioned to capitalize on market demand for efficient and shorter routes as a result of the new regulations.

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