The Black Swan: The Unexpected in Ports and Terminals

Ports and terminals are exposed to a complex range of risks when handling, storing, and managing the secure onwards journey of cargo and, in some cases, passengers.

High-impact, low-probability events known as “black swans” present a unique challenge for ports and terminals, both in terms of the difficulty in predicting and mitigating such events and the potentially devastating consequences they can bring about.  

The Black Swan: The Unexpected in Ports and Terminals explores the steps operators should take to best guarantee the future success of ports and terminals against black swan events, including thorough appraisals of this key area of risk, combining horizon scanning, resilience, insurance, and financial stress testing to enable the creation of more robust controls following a catastrophic event.