Shipping

Shipping giant hit by geo-political uncertainty

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Shares in shipping giant Clarkson are currently trading almost 9% lower after the FTSE-250 firm reported lower annual profits.

The firm blamed geo-political uncertainty due to the ongoing trade row between the US and China, the impact of Brexit on foreign exchange rates, and sanctions for the disappointment.

"These headwinds are having an impact, in particular within our financial segment, but, as the year progresses, we expect these to diminish," said chief executive Andi Case.

Pre-tax profit was £42.9m last year, down from £45.4m in 2017.

What happens when you fall off a boat?

A passenger falling overboard is more common than you think
The loss of a passenger overboard is a tragedy for anyone personally involved and bad news for the vessel that's carrying that passenger. But it happens surprisingly often.

There have been more than 325 Man Overboard situations - also referred to as MOBs - over the past 18 years.

Rosie Spinks of quartz.com has been investigating.

(Image: American actor Bert Roach clings to a life preserver in a still from director Archie Mayo's film, 'Money Talks'. Credit: Hulton Archive/Getty Images)