Clarksons Resist Slowdown in Shipping Industry
London-based provider of integrated shipping services Clarkson PLC (Clarksons) has seen a robust performance during the first half of 2016 despite continued challenging market conditions in many of its markets.
According to MANA, Clarksons recorded a slight increase of 1 percent in its revenue for the period which increased from GBP 145.3 million (USD 187.6 million) seen in the first half of 2015 to GBP 147.2 million (USD 190.1 million) reported in the first half of 2016.
Underlying profit before taxation was GBP 21.8 million, down from last year’s GBP 23.6 million.
“The global shipping industry is experiencing the uncertain macro-economic environment seen in many years has inevitably impacted the group’s performance for the first six months of 2016, international shipping, offshore and capital markets” Andi Case, Chief Executive, said.
“In the current uncertain environment, we believe our markets will continue to be highly challenged, with low levels of newbuilding contracting and a prevalence of spot business continuing to limit forward visibility of earnings,” Clarksons said.