International shipping is facing
a new and complex environment that involves both
challenges and opportunities, including as noted above
the demand and supply mismatch, continued global
economic uncertainty and geopolitical tensions. Of all
the prevailing challenges however, the interconnected
issues of energy security and costs, climate change
and environmental sustainability are perhaps the most
unsettling. Climate change in particular continues to
rank high on the international policy agenda, including
of shipping and port business. Despite positive
developments on a number of fronts, the world is not
yet on track to limit the average global temperature
rise to 2°C (above pre-industrial levels) that would
ensure that climate change remains manageable
(International Energy Agency, 2013). With climate
change effects already being felt globally and in the
absence of adequate climate change mitigation and
adaption action, shipping and ports and therefore
international seaborne trade are likely to be severely
affected by the potentially devastating impacts of this
change (for example, extreme weather events and
rising sea levels). For a more detailed discussion on
the climate change challenge and maritime transport,
see previous first chapters of the Review of Maritime
Transport, 2009–2012.
Opportunities are, on the other hand, also arising in
connection with some of the following trends:
International shipping is facing a new and complex environment that involves both challenges and opportunities, including as noted above the demand and supply mismatch, continued global economic uncertainty and geopolitical tensions. Of all the prevailing challenges however, the interconnected issues of energy security and costs, climate change and environmental sustainability are perhaps the most unsettling. Climate change in particular continues to rank high on the international policy agenda, including of shipping and port business. Despite positive developments on a number of fronts, the world is not yet on track to limit the average global temperature rise to 2°C (above pre-industrial levels) that would ensure that climate change remains manageable (International Energy Agency, 2013). With climate change effects already being felt globally and in the absence of adequate climate change mitigation and adaption action, shipping and ports and therefore international seaborne trade are likely to be severely affected by the potentially devastating impacts of this change (for example, extreme weather events and rising sea levels). For a more detailed discussion on the climate change challenge and maritime transport, see previous first chapters of the Review of Maritime Transport, 2009–2012.Opportunities are, on the other hand, also arising in connection with some of the following trends:
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