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Multi-hazard risk to global port infrastructure and resulting trade and logistics losses

Transportation

Multi-hazard risk to global port infrastructure and resulting trade and logistics losses

J. Verschuur, E. E. Koks, et al.

Discover the alarming reality of global port infrastructure risks, as this study uncovers $7.5 billion in port-specific damages and a staggering $63.1 billion in at-risk trade flows annually. Conducted by Jasper Verschuur, Elco E. Koks, Sihan Li, and Jim W. Hall, this research highlights the urgent need for tailored solutions to enhance port resilience against multiple hazards.

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Playback language: English
Abstract
This study performs an asset-level risk analysis of global port infrastructure from multiple hazards, quantifying the risk to physical asset damages and logistics services (port-specific risk) and maritime trade flows at-risk (trade risk). The majority of ports (86%) are exposed to more than three hazards. Globally, port-specific risk totals $7.5 billion per year, with 32% attributed to tropical cyclones. Additionally, $63.1 billion of trade is at-risk annually, particularly high in Small Island Developing States. Port resilience is determined by various factors (engineering standards, operational thresholds, recovery duration) requiring tailored solutions.
Publisher
Communications Earth & Environment
Published On
Jan 12, 2023
Authors
Jasper Verschuur, Elco E. Koks, Sihan Li, Jim W. Hall
Tags
port infrastructure
risk analysis
tropical cyclones
maritime trade
port resilience
logistics services
hazard exposure

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