The economic risks of tsunamis on global trade
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 glob
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 glob
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