Photo: tcly / Shutterstock
Integrated shipping services firm Clarskson Plc saw its profit drop in the first half of 2018 after a challenging trading environment across the shipping and offshore capital markets.
The UK-based firm reported a pre-tax profit of £18 million in H1 2018, down from £21.9 million in H1 2017. Revenue also fell to £152.6 million from £156.8 million in 2017.
“The first quarter of 2018 presented a challenging trading environment across the shipping and offshore capital markets, including a quiet period in sale and purchase, and accentuated by a fall in the value of the US dollar. Conditions in some markets did, however, improve in the second quarter when the breadth and diversity of our business again provided opportunity irrespective of volatility in the market,” commented CEO Andi Case.
“We should benefit in the second half of the year from these recent improvements and remain confident in the mid to long-term potential for the Group. Our investment across the business continues apace, as we drive innovation and remain focused on furthering Clarksons’ position at the forefront of the sector,” Case added.
Founded in 1852, Clarksons is one of the world’s leading providers of integrated services and investment banking capabilities to the shipping andoffshore markets.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 108,889 members that receive our newsletter.
Have a news tip? Let us know.
By Dimitri Rhodes Nov 7 (Reuters) – Belgian oil tanker company CMB Tech says it will focus on the fast growing market in India as it reported third quarter results...
In a bold move amidst Russia’s intensified rocket attacks on civilian ships and Ukrainian ports, Maersk has launched a new weekly container service into Ukraine, signaling resilience in the country’s...
By Robert Tuttle (Bloomberg) A tanker of Canadian crude was shipped from Vancouver to Alaska for the first time in at least 10 years as the recently expanded Trans Mountain pipeline...
Maritime and offshore news trusted by our 108,889 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
