Managing Operational and Environmental Risks in the Strategic Plan of a Maritime Container Port

Abstract

Shipping trends in technology, regulation, energy and environment require maritime container ports to adapt their operations to better suit current and future conditions. This paper focuses on innovative solutions in three main areas of interest for ports: (1) clean energy technologies, (2) alternative financing and (3) automated process technologies. In this analysis, these areas of interest are explored using the Port of Virginia as a case study. Results are derived using scenario analysis methodology drawn from systems, risk and resilience analysis. Investment strategies in renewable energy sources are evaluated and project funding approaches, including the use of green bonds, are explored. AI systems relevant to port operations integration and container security are also described. The key results of this paper are twofold: (1) a demonstration ranking of initiatives for a port strategic plan and (2) a ranking of scenarios by their disruption on initiative impact. The results of the case study are of interest to the strategic planners at industrial ports and the maritime industry.