Risk management in port and maritime logistics

Abstract

Acting as a key trade facilitator, maritime transport plays a crucial role in providing relatively low-cost and efficient transportation. Maritime transport is a dominant mode as around 90% of global trade volumes are carried by sea. Historically, the role of seaborne trade has been the backbone of economic development. Ports and shipping are key components of logistics activities and contribute to the effective and efficient management of flows of materials, products, and information in supply chains.