Clarkson, a major shipping company, reported a significant drop in profits amid global trade tensions and instability in the Middle East. Profits fell to £37.5 million in the first half of the year, down from £50.1 million the previous year, while sales also declined. Chief executive Andi Case attributed the downturn to a 'highly complex global environment', citing the impact of trade tariffs introduced by Donald Trump and ongoing conflicts in the Middle East. The uncertainty led exporters to delay shipments and clients to pause long-term contracts, further affecting the company's performance.