The 10th Maritime Silk Road Port Cooperation Forum opens on Wednesday in Ningbo city, East China's Zhejiang province. [Photo provided to chinadaily.com.cn]
Global shipping, logistics, and trade have shown remarkable resilience despite such disruptions, such as the closure of the Strait of Hormuz, protectionist headwinds, and extreme climate conditions, but that resilience is increasingly fragile unless the world acts together to tackle mounting risks, officials and industry leaders warned on Wednesday at the 10th Maritime Silk Road Port Cooperation Forum in Ningbo, Zhejiang province.
"We are living in turbulent times," said Jens Meier, president of the International Association of Ports and Harbors.
"All of you working in or with ports are experiencing firsthand how rapidly the world around us is changing," he said at the opening ceremony of the forum. "Supply chains are under pressure, geopolitical realities are shifting, and energy transition is confronting the industry with major investment decisions and infrastructure adaptations."
The three-day forum gathered over 1,000 delegates from more than 70 countries and regions to discuss and tackle the myriad challenges facing the maritime sector and the broader world trade and economy.
