The IMF in collaboration with University of Oxford researchers has launched PortWatch, a new online portal to monitor and simulate trade disruptions due to climate extremes and other shocks.
Using satellite-based vessel data and big data analytics, the platform will help policymakers, analysts, and other public stakeholders assess the impact of disruptions to maritime trade. Users can simulate the potential indirect spillover effects of port disruptions to other countries in the maritime network and global supply chains.
The platform was developed by Dr Jasper Verschuur, Senior Research Associate at the Environmental Change Institute. He said: "Adaptation of ports is urgently needed, and quantified risk analysis can help in prioritising investments and help make the business case to accelerate adaptation finance."