World’s largest shipbroker affected by crisis

The world’s largest shipbroker, Clarksons, has seen its profit and revenue shrink in a difficult market but will be able to handle the situation – also in a difficult 2013, Clarksons CEO Andi Case states.

The bad situation is shipping is clearly felt at Clarkson which has recently presented its 2012 annual report. The revenue has dropped from GBP 194.6 million in 2011 to GBP 176.2 million in 2012. Furthermore, the profits have dropped from GBP 35.4 million in 2011 to GBP 23.3 million. According to Clarksons, the drop is caused by the low potential in most shipping sectors.

“Last year the shipping markets remained significantly, and in some cases increasingly, challenged, with global economic weakness and the demand/supply imbalance of recent years still a feature,” CEO Andi Case states in a press release.

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