“…The Suez Canal is responsible for almost 12 % of global trade (Wan et al, 2023). In 2021, the movement of cargo through the Suez Canal was severely disrupted due to the grounding of Ever Given (IMO 9811000) on March 23.…”
Section: Environmental Factors and Shipping Sustainabilitymentioning
The article analyzes the current global risks faced by the maritime industry and explores potential solutions to minimize their negative impact on supply chains. It highlights the damaging effects of regional armed conflicts and the challenges associated with different stakeholders working together to ensure connectivity in combat zones at sea. The article also examines the impact of climate change on maritime transport, using the Suez and Panama Canals as examples. In both instances, the instability factors cause significant changes to shipping routes, volumes, and types of cargo transported by sea. These effects can also be observed beyond the region affected by the destabilizing factors or the corresponding types of cargo. CITATION Kivalov, S. (2024). Current Threats to Sustainable Shipping -from War Risks to Climate Changes.
“…The Suez Canal is responsible for almost 12 % of global trade (Wan et al, 2023). In 2021, the movement of cargo through the Suez Canal was severely disrupted due to the grounding of Ever Given (IMO 9811000) on March 23.…”
Section: Environmental Factors and Shipping Sustainabilitymentioning
The article analyzes the current global risks faced by the maritime industry and explores potential solutions to minimize their negative impact on supply chains. It highlights the damaging effects of regional armed conflicts and the challenges associated with different stakeholders working together to ensure connectivity in combat zones at sea. The article also examines the impact of climate change on maritime transport, using the Suez and Panama Canals as examples. In both instances, the instability factors cause significant changes to shipping routes, volumes, and types of cargo transported by sea. These effects can also be observed beyond the region affected by the destabilizing factors or the corresponding types of cargo. CITATION Kivalov, S. (2024). Current Threats to Sustainable Shipping -from War Risks to Climate Changes.
“…We use the model to assess the daily global losses resulting from the 2021 blockage of the Suez Canal, a vital maritime route situated on the western side of the Sinai Peninsula in Egypt ( Figure 1 B). Previous studies of this incident focused on its causes and the lessons learned, 4 , 31 descriptive analyses of its effects on global supply chains and its legal implications, 32 and its influence on the global shipping network 33 and crude oil prices. 34 Figure 1 Trajectory and value of vessels and cargo affected by the Suez Canal blockage (A) Trajectory of the blocked vessels.…”
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