StockMarketWire.com
Clarkson warned on Monday that profits for both the first half and the full year were expected to be materially lower, amid a challenging environment in shipping and offshore capital markets.

'The challenging environment in shipping and offshore capital markets has led to transactions being pushed back within the financial segment and has compounded a quiet period in sale and purchase activity for the group across shipping and offshore,' the firm said.

The firm cited lower freight rates within the tanker market and a fall in the value of the US Dollar as additional headwinds expected to weigh on performance.