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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