Finance Senior Analyst Benefits

WASHINGTON — The Federal Maritime Commission may consider blocking foreign container ships from entering U.S. ports if it finds that the country in which they’re registered is causing choke points at various shipping locations around the world.In a notice published on Thursday, the FMC announced it would be launching an investigation into transit constraints that the agency says could be creating unfavorable conditions for shipping in U.S. foreign trades.The seven choke points targeted by the FMC are the English Channel, the Malacca Strait, the Northern Sea Passage, the Singapore Strait, the Panama Canal, the Strait of Gibraltar and the Suez Canal.“Based on available information, it appears that constraints on transits through [these choke points] may have created shipping conditions that call for careful consideration by the Commission in connection with the determination of its policies and the carrying out of its duties,” the agency stated.“The Commission will investigate whether constraints in global maritime chokepoints have created unfavorable shipping conditions caused by the laws, regulations or practices of foreign governments or the practices of foreign-flag vessel owners or operators.”FMC summarized the significance and threat potential of each location. It pointed out, for example, that in addition to geopolitical concerns at the Panama Canal, ship hijackings and robberies are a “significant concern” in the Malacca Strait between Malaysia and Indonesia; Russia is ramping up its military forces in the Northern Sea Passage, which provides a shortcut between Europe and Asia; and strict regulations are causing delays along the Singapore Strait.Along the English Channel, “political developments, border controls, and customs checks add complexities, with the Channel’s proximity to sensitive areas between the U.K. and France sometimes leading to heightened security concerns,” the agency warned.“Remedial measures the Commission can take in issuing regulations to address conditions unfavorable to shipping in U.S. foreign trade include refusing entry to U.S

Climate Change Undermines Economic Growth and Resilience; Climate Action Would Safeguard 11% to 27% of Cumulative GDP by 2100The Investment Required in Mitigation and Adaptation Is Equivalent to Only 1% to 2% of Cumulative GDP by 2100But Annual Investments Must Rise Ninefold in Mitigation and Thirteenfold in Adaptation from Current Levels by 2050Many Costs of Climate Action Fall Before 2050, but the Bulk of the Economic Benefits Will Be Felt After 2050BOSTON, March 12, 2025 /PRNewswire/ -- There is a strong case for investing in climate mitigation and adaptation based on the severe economic consequences of failure alone. Allowing global warming to reach 3°C by 2100 could reduce cumulative economic output by 15% to 34%. Alternatively, investing 1% to 2% in mitigation and adaptation would limit warming to 2°C, reducing economic damages to 2% to 4%. This net cost of inaction is equivalent to 11% to 27% of cumulative GDP—equivalent to three times global health care spending, or eight times the amount needed to lift the world above the global poverty line by 2100.These are among the findings of the Boston Consulting Group (BCG), Cambridge Judge Business School, and the University of Cambridge's climaTraces Lab report, Too Hot to Think Straight, Too Cold to Panic: Landing the Economic Case for Climate Action with Decision Makers, published today. The report comes at a time when the importance of economic strength is top-of-mind for many leaders. The report makes clear that climate change slows growth and weakens resilience and, therefore, hinders our collective ability to achieve many of our common priorities from health to security."Research on climate change impacts across all regions and sectors is expanding rapidly," said Kamiar Mohaddes, an Associate Professor in Economics and Policy at Cambridge Judge Business School and Director of the University of Cambridge climaTRACES Lab

Maria joins the firm from Boston Consulting Group, where she was a partner specialising in growth and transformation programmes.