Panama Missing $15 Billion/Year Amid Registered Shipping Emissions

Carrying capacity of the world’s 60,000 largest ocean-bound vessels has increased from 800 million deadweight tons in the year 2000 to over 2 billion in 2020.
At the moment, most of the world’s ships are registered in just a handful of nations.
By registering in such offshore locations, these ‘flag states’ set the standard by which ships should be certified.
Ships are essentially fronts for the oil industry’s waste, and masquerade themselves by carrying containers, goods and grain across the...