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Extreme weather has become a real risk factor for shipping

More typhoons and hurricanes at sea, and floods that undermine ports and railroads, have become a risk factor for shipping. One of the container sector's leading figures, ONE Chief Executive Jeremy Nixon, warns against the development, which can paralyze shipping for days or weeks.

Photo: Ritzau Scanpix/AP/Rene Lescornez

SINGAPORE

Extreme weather and floods in Europe. Storm in the Biscay. Powerful typhoons and hurricanes raging right where ships do most of their sailing. Key ports being closed down for weeks. Railroads in the US which are useless because the weather has ripped up the tracks or torn down terminals.

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