Chinese shipping companies cash in on the Red Sea crisis
Chinese shipping companies have ramped up transits through the Red Sea as they bet on immunity from Houthi attacks.
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Chinese shipping companies have ramped up transits through the Red Sea as they bet on immunity from Houthi attacks.
Lord Cameron has said he is planning to lobby China to take a tougher stance on Houthi attacks in the Red Sea in his first meeting with Beijing as Foreign Secretary.
Foreign Secretary will pressure Beijing to support ‘freedom of navigation’ amid accusations it is protecting its own interests in the region
Lord Cameron has said he is planning to lobby China to take a tougher stance on Houthi attacks in the Red Sea in his first meeting with Beijing as Foreign Secretary.
The wait and see period for shipping is well and truly over – ships of all types are now re-routing away from the Red Sea as airstrikes against the Houthis failed to stem attacks and insurance rates spiked in response. But not everyone is leaving and shipping’s risk appetite increasingly a question of national association as much as it is an individual security assessment