Security in maritime transport : risk factors and economic impact
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Security in maritime transport : risk factors and economic impact

Filetype[PDF-659.88 KB]


English
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  • Corporate Creators:
    Organisation for Economic Co-operation and Development. Maritime Transport Committee
  • Subject/TRT Terms:
  • Resource Type:
    Research Paper
  • Corporate Publisher:
    Organisation for Economic Co-operation and Development
  • NTL Classification:
    NTL-MARINE/WATERWAYS TRANSPORTATION-MARINE/WATERWAYS TRANSPORTATION;NTL-MARINE/WATERWAYS TRANSPORTATION-Marine Economics and Finance;NTL-MARINE/WATERWAYS TRANSPORTATION-Marine Safety;
  • Abstract:
    Immediately after the devastating September 11th World Trade Center attacks in New York, governments around the world scrambled to assess their vulnerability to highly organised terrorist groups. World trade is dependent on maritime transport and great strides have been made in recent years to render this system as open and frictionless as possible in order to spur even greater economic growth. However, the very things that have allowed maritime transport to contribute to economic prosperity also render it uniquely vulnerable to exploitation by terrorist groups. The risks are numerous and encompass both containerised and bulk shipping. The vulnerabilities are important, and range from the possibility for physical breaches in the integrity of shipments and vessels to documentary fraud and illicit money-raising for terrorist groups. Finally, the stakes are extremely high, as any important breakdown in the maritime transport system would fundamentally cripple the world economy. This report explores the risks posed to the international merchant maritime transport system by terrorist organisations. As a part of this vulnerability analysis, the paper explores the possible economic repercussions of a terrorist attack involving maritime transport. The second part of the paper explores the cost implications of security measures enacted in response to this threat.
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