Port Management and Environmental Issues †MyAssignmenthelp.com

Question: Discuss about the Port Management and Environmental Issues. Answer: This paper aims to explore risk mitigation which is considered by the ports as an effective way of minimizing the adverse effects impacting the climatic changes. Ports should employ risk mitigation instead of the adaptation strategies since there lacks a significant reason why the ports should wait for risks to occur. Based on the empirical evidence, the risk-shifting theory supports that the ports can recognize the distress impacts based on risk mitigation (Lam and Su, 2015 pp.416). Based on the natural experiments which contain the exogenous alteration, risk mitigation is convenient since the ports incur fewer finances than employing the adaptation strategies. The waterway risk model contains variables which outline that risk mitigation is an important way that ports should consider for improvement. On the other hand, it will take time for the ports to adopt the adaptation strategies towards addressing the climate changes. This is because the ports will need to prepare to adapt to strategies of adaptation hence creates a greater chance for risks to occur. Therefore, the ports need risk mitigation to avoid and accept the risks, transfer risks and understand them (Ng, Chen, Cahoon, Brooks and Yang, 2013 pp.190). Through observation, a port which adopts risk mitigation minimizes the problems which occur, than those which adopt the adaptation strategies. The ports will have ample time to adjust to the small risks hence they will benefit from the climatic changes. In conclusion, risk mitigation and adaptation strategies are combined actions which are effective to minimize adverse effects of climatic changes. However, based on the empirical evidence experiments and observations, ports should consider the risk mitigation since it addresses the causes of the climatic changes, while adaptation strategies solve the impacts of the climatic changes. Bibliography Lam, J.S.L. and Su, S., 2015. Disruption risks and mitigation strategies: an analysis of Asian ports.Maritime Policy Management,42(5), pp.415-435. Ng, A.K., Chen, S.L., Cahoon, S., Brooks, B. and Yang, Z., 2013. Climate change and the adaptation strategies of ports: The Australian experiences.Research in Transportation Business Management,8, pp.186-194.