clarkson research services shipping review and outlook

It has increased its interim dividend by 2p to 29p per share, marking the company’s entry into the 20 th consecutive year of growing shareholders returns.

The company’s positive results have allowed the management to continue its tradition of increasing its dividends every year. The company says the second half of the year is already on a growth trajectory with similar trends.Īndi Case, the chief executive, said that the business would continue to benefit from its “international footprint, leading market position, diverse offering, and a deep understanding of the energy transition.” However, increased traffic at ports and reduced supply led to stronger business for Clarkson internationally.Īmid all these challenges, Clarkson’s outlook remains fairly positive. The shipping industry faces challenges, mainly due to the Russia-Ukraine war, which has disturbed the sea trade. What does Clarkson do?Ĭlarkson operates a complete package of shipping services, including broking, research, finance, advisory, and more. The stock has been shaky with just a 3.28% return in the last year – but it has grown by 68% in the last three years. The broking business, which contributes almost 80% of the revenues, grew by 48% to £211 million. The company’s revenue increased by 40% to £266 million, mainly pushed by its broking division. Shipping service provider Clarkson (GB:CKN) posted its interim results for the period that ended on J– and the firm is riding high as the war in Ukraine saw freight rates soar to new highs.

Clarkson research services shipping review and outlook