24/7 Space News
SHAKE AND BLOW
The economic risks of tsunamis on global trade
illustration only
The economic risks of tsunamis on global trade
by Riko Seibo
Tokyo, Japan (SPX) Dec 16, 2024

Tsunami-induced disruptions to port operations can have devastating effects on global trade. While the 2011 Tohoku tsunami caused $12 billion in direct damage to port facilities and ships, its indirect impact on seaborne trade cost approximately $3.4 billion per day in economic losses.

Shipping drives over 80% of global trade, and interruptions to port networks can reverberate through global supply chains. However, despite their potential impact, tsunamis are often overlooked in port infrastructure planning and risk assessment. This gap stems from the rarity of such events and the lack of sophisticated tools to measure their risks accurately.

To address this issue, researchers have developed a framework to assess tsunami risks to seaports and their broader implications for the global port network. This framework evaluates economic losses caused by port disruptions and analyzes how these disturbances cascade across shipping routes and unaffected ports.

The study, led by Constance Chua, a postdoctoral researcher at Tohoku University's International Research Institute of Disaster Science (IRIDeS), also included contributions from Professor Fumihiko Imamura, Associate Professor Anawat Suppasri, and Professor Adam Switzer of Nanyang Technological University. "We applied our framework to the South China Sea, focusing on a potential tsunami scenario triggered by a rupture along the Manila Trench," says Chua. "We also incorporated tsunami conditions under future sea level rises."

The research team analyzed 104 scenarios with input from international experts, including Dr. Tanghua Li from the Earth Observatory of Singapore, Research Professor Qiang Qiu from the Chinese Academy of Sciences, and Professor Linlin Li from Sun Yat-sen University. By incorporating cutting-edge models and data on various hazards, the team created realistic simulations of tsunami impacts.

Key findings revealed that a tsunami from the Manila Trench could damage up to 11 seaports under current conditions, with that number rising to 15 ports by 2100 due to sea-level rise. Port closures in the most affected areas could extend beyond 200 days. Notably, the severity of economic losses depended more on annual cargo volume than on closure duration. Ports like Hong Kong, Manila, and Kaohsiung were identified as the most economically vulnerable.

According to Chua, "Since South China hosts some of the busiest ports and sea lanes, the number of disrupted shipping routes would far exceed previous tsunami events. Given the lack of consideration given to tsunami impacts, our study could help stakeholders prepare for such events."

Research Report:An approach to assessing tsunami risk to the global port network under rising sea levels

Related Links
Tohoku University
Bringing Order To A World Of Disasters
When the Earth Quakes
A world of storm and tempest

Subscribe Free To Our Daily Newsletters
Tweet

RELATED CONTENT
The following news reports may link to other Space Media Network websites.
SHAKE AND BLOW
Indonesians drill for disaster before tsunami anniversary
Banda Aceh, Indonesia (AFP) Nov 13, 2024
Hundreds of Indonesians fled for higher ground Wednesday as they ran through disaster drills in the region worst hit by the 2004 Indian Ocean tsunami ahead of its 20th anniversary next month. Children burst down the stairs in a rush for safety from the second floor of a school near Aceh's provincial capital Banda Aceh, where more than 60,000 were killed in the tsunami. As school bells rang out, dozens of children ran into the road covering their heads, following marked escape routes as volunteer ... read more

SHAKE AND BLOW
Five Ways to Explore NASA's Portfolio of Technologies with TechPort 4.0

Vast and SpaceX to launch two human spaceflight missions to ISS

NASA and Axiom Space accelerate plans for free-flying space station

Space Gardens

SHAKE AND BLOW
First integration of European reusable stage demonstrator Themis

SpaceX scrubs launch from Florida, but one lifts off from California

SpaceX launches 21 Starlink satellites from Florida

Venus Aerospace ignites VDR2 engine in major milestone

SHAKE AND BLOW
Perseverance blasts past the top of Jezero Crater rim

NASA honours Algerian parks with Martian namesakes

Anthropologists urge preservation of human artifacts on Mars

New study questions the potential for liquid brines on Mars

SHAKE AND BLOW
China's space journey continues apace

Shenzhou XIX crew completes successful spacewalk outside Tiangong station

China boosts Lunar and Mars mission capabilities with advanced Long March rockets

Long March 12 set for inaugural launch from Hainan space center

SHAKE AND BLOW
Space Flight Laboratory confirms launch and deployment of HawkEye 360 Cluster 11

Sidus Space launches LizzieSat-2 strengthening on-orbit satellite network

Sidus Space LizzieSat 2 set for launch on SpaceX Bandwagon 2 mission

Reflex Aerospace ships first commercial satellite SIGI for launch

SHAKE AND BLOW
Transforming education with virtual reality and artificial intelligence

Unlocking new potential in 2D superconducting polymers

Materials with unexpected electronic properties found in twisted layers

HKUST unveils high-speed thermal-electric aerosol printer for piezoelectric biofilm production

SHAKE AND BLOW
New study uncovers variety in Arctic Ocean hydrothermal vent systems

Living in the deep, dark, slow lane: Insights from the first global appraisal of microbiomes in Earth's subsurface environments

The light of TRAPPIST-1 b analyzed at two wavelengths reveals key insights into its nature

Planet-forming discs persist longer in early Universe environments

SHAKE AND BLOW
Jovian vortex hunter catalog reveals stunning insights into Jupiter's atmosphere

Juno identifies localized magma chambers driving Io's volcanic activity

NASA marks ten years of Hubble's Outer Planets Survey

Magnetic tornado is stirring up the haze at Jupiter's poles

Subscribe Free To Our Daily Newsletters




The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.