Clarkson's profits declined by 21% due to the impact of tariffs and sanctions.

LootboxPhobia · 2026-03-09T14:54:46+00:00

Clarkson reports a 21% decrease in annual profit, with pre-tax profit falling to £90.6 million due to geopolitical tensions and US tariffs. The company noted that the complex sanctions environment has restricted nearly 1,000 oil tankers. Nevertheless, forward orders for 2026 increased to $244 million.

LootboxPhobia

2026-03-09 14:54:46

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Investing.com - Clarkson (LON:CKN) announced on Monday that its annual profit declined by 21%, impacted by geopolitical uncertainties and US tariffs affecting its brokerage and support divisions.

The world’s largest shipping services provider reported that its pre-tax profit for the fiscal year ending December fell to £90.6 million ($120.67 million), down from £115.3 million in the previous year.

The company stated that by 2026, complexities will deepen further, with the evolving sanctions environment leading to nearly 1,000 ships in the global fleet being sanctioned.

Clarkson offers shipbroking, research, logistics support, and maritime financial services to facilitate global trade.

The company said its forward order book for 2026 increased to $244 million (compared to $231 million in the first half of 2025).

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