Cosco profits surge, but headwinds from the US may slow pace of growth
Cosco’s box shipping division recorded surging revenues and profits last year, on the back of ...
Attacks have continued against merchant vessels transiting the Red Sea, despite missile strikes by British and US forces, with a UK minister saying the industry must adapt.
Yesterday saw Iran-backed Houthi militia targeting a US-flagged vessel and the US military launching strikes on Houthi sites in Yemen.
However, the US strikes, the fourth in as many days, part of the joint UK-US Operation Prosperity Guardian, have seemingly failed to restore the faith of vessel owners.
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