February 04: Cook Islands Cocaine Ship Sparks Pacific Shipping Risk
The Cook Islands cocaine ship case is now shaping risk across Pacific shipping lanes. French authorities seized and dumped 4.87 tonnes of cocaine from the MV Raider, then released the vessel, which remains in Rarotonga under tight restrictions for repairs. For US investors, this highlights pressure points: insurance premiums, compliance on open registries, and higher port security costs. We see near‑term impacts on routing, inspections, and margins for carriers, freight forwarders, and importers tied to Pacific trade flows.
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