Canal disruptions and the emergence of new energy trade routes

Geopolitics and climate have emerged as the two wildcards impacting the world’s busiest trade chokepoints, i.e. the Suez and Panama Canals. Daily shipments through the Suez Canal in the Red Sea have dropped by 50% since January 2024, while Panama Canal transit restrictions have led to a 32% decline since October 2023. In this paper, the following questions are addressed: […]