Clarkson expects its full-year results to be materially ahead of market expectations after reporting record first-half figures driven by disruption across global shipping markets.
The shipping services group generated revenue of £413.5 million in the six months to 30 June, up from £297.8 million a year earlier. Underlying pre-tax profit increased to £61.5 million from £39.4 million, while underlying earnings per share rose to 147.6p from 98.6p.
Clarkson’s broking division produced a record first-half operating profit of £64.8 million, compared with £41.8 million in the same period last year. Its operating margin increased to 20.9%.
The division benefited from disruption in the Strait of Hormuz, which changed trade routes, reduced available vessel capacity and increased freight market volatility. Shipowners and cargo interests responded by seeking alternative routes, negotiating new charter arrangements and increasing hedging activity.
These conditions increased demand for Clarkson’s core broking services. Longer voyages require vessels to remain occupied for more time, tightening effective supply and supporting freight rates. Greater uncertainty also creates more transactions as customers adjust shipping plans and manage their exposure.
Clarkson’s financial division also delivered a stronger result. Operating profit increased to £11.7 million from £4.5 million, while revenue rose to £48.1 million from £28.9 million. Activity was supported by shipowners seeking new credit and refinancing options.
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