Acts of maritime terrorism and maritime piracy cause significant disruptions in global maritime shipping, which in turn generate substantial losses in both material and non-material spheres. However, the economic dimension of these threats cannot be reduced solely to direct costs, which, although significant, are several times lower than the indirect costs generated by these threats.The implementation of adopted conventions, the introduction of new systems to increase security, or the equipment of ports and vessels entail significant financial outlays, which in turn are linked to an increase in transport costs.
The article contains a cause-and-effect analysis of the impact of contemporary asymmetric threats on the economic dimensions of maritime transport. In a globalized world, maritime transport systematically strengthens its dominant position in global and regional economic exchange. For many countries, it constitutes the branch of transport that enables them to participate in global economic exchange. For obvious reasons, these countries are island nations. (…)
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Source: Logistics Magazine
Maritime transport – economic dimensions of contemporary asymmetric threats – PDF file for download