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Clarkson reports strong start to 2026 amid ‘good’ market fundamentals

ALN

Clarkson PLC on Thursday said current momentum has ‘enhanced’ its confidence in its expectations for the year, as it updated on its year-to-date performance at its annual general meeting.

The London-based provider of shipping services said it has had an ‘excellent start’ to 2026, with this driven by ‘good market fundamentals’ and increasing demand for industry expertise.

The company noted that the conflict in the Middle East has led to ‘greater complexity’ across global shipping, affecting different areas of the business differently.

Clarkson said its Broking division has performed ‘strongly’, generating spot business, profits and revenue ‘materially ahead of the same period last year.

The Financials division has benefited from positive capital-market sentiment in the early part of the year, said Clarksons, adding that its Research division has seen an increase in both revenue and profitability in the initial part of 2026.

Back in March, Clarkson acquired North American physical crude and derivatives oil brokerage business and data provider Link Group in an all-cash deal worth $80 million.

The company said each of the businesses within this group continue to trade in line with managements expectations at the time of the acquisition.

Shares in Clarkson were down 1.3% at 4,900.00 pence on Thursday afternoon in London.

‘The trend of increased global trade dislocation and complexity which we have seen over the last decade has continued. The board recognises that the situation in the Middle East continues to evolve and may impact trading dynamics,’ said Clarkson.

‘While it is still early in the year, the group’s strong start to date and current momentum has enhanced the board’s confidence in its expectations for the year.’

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