Rising Seas Are the Next Crisis Awaiting the World’s Ports - Bloomberg

2022-07-20 03:27:52 By : Mr. Susan liang

The only daily news program focused exclusively on technology, innovation and the future of business from San Francisco.

Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. This documentary-style series follows investigative journalists as they uncover the truth

China Covid-19 Cases Near 1,000 in Test of Zero-Tolerance

Gold Steady as Traders Weigh Dollar Retreat, Rising Bond Yields

Netflix Sees Return to Growth After Million-Customer Loss

Netflix’s New Hit Stokes K-Drama Maker’s Stock With 82% Rally

Tencent-Backed Missfresh Weighs Unit Stake Sale for Funds

US Calls Brazil’s Election a ‘Model’ as Bolsonaro Alleges Fraud

Sri Lanka Parliament to Vote in New Leader as Economy Spirals

Cathie Wood’s Ark Shutters Transparency ETF in First Closure

Retail Investors Pile into Currency Trading as Euro Slides to Parity With Dollar

Stephen King Is Set to Testify in Book Publishing Antitrust Trial

Colorado Home Listed for $19.9 Million Would Break Boulder City Record

Friendship Is the Best Way to Counter China in the Pacific

Dollar Bulls Should Be Careful What They Wish For

Rajeev Misra Must Be Doing Something Right

Sam Bankman-Fried Turns $2 Trillion Crypto Rout Into Buying Opportunity

JD Vance May Need Another Peter Thiel Bailout

A Philadelphia Startup Is Building Houses in Guinea and Ghana for African Émigrés

How Thailand Is Blazing Trails on Gay Rights, Legalizing Marijuana

UK Wealth Gap Increases By £300,000 Since 2006, Resolution Finds

UK Retail Still Has a Long Way to Go on Diversity, Report Shows

Modi’s Plastic Straw Ban Leaves Indian Consumers Thirsty

UK Moves to Boost Green Hydrogen Amid Soaring Gas Prices

Shark Sightings Shut NYC Beaches as Temperatures Soar

From Broken Cities, a Plea for Grassroots Fixes

Office-to-Residential Conversions Can’t Cope With UK Heat Wave

Lenders Are Thwarting Digital Currency’s Adoption in Nigeria

Crypto-Regulation Bill Unlikely to Get Senate Vote This Year, Lummis Says

Novogratz Says He Was ‘Darn Wrong’ on Crypto Leverage Risks

They’re still reeling from the effects of the pandemic, but in the coming decades, shipping companies will increasingly have to deal with rising seas. 

The port of Los Angeles and Long Beach, October 2021.

The delicate choreography of ships, trains and trucks at the world’s ports has been badly disrupted by the pandemic, and the turmoil is not likely to end soon. If a virus can have such an adverse impact on the journey of a plastic toy or automobile from Point A to Point B, consider the potential impact of something even more pervasive and powerful: water.

In the years ahead, sea level rise, more intense storm surge and jacked-up tropical storms will be visiting many of the world’s roughly 3,800 ports. Most of those ports are coastal; roughly a third are located in a tropical band vulnerable to the most powerful effects of climate change. “If sea levels rise and storms become stronger as expected in the future due to climate change, the magnitude and costs of these disruptions are expected to grow,” states a report from the Environmental Defense Fund.