March 9 (Reuters) - Clarksons, the world’s largest shipping services provider, posted a 21% drop in its annual profit on Monday, as geopolitical uncertainty and U.S. tariffs weighed on its broking and
Clarksons Reports 21% Annual Profit Drop Due to Global Market Uncertainty
Clarksons Faces Profit Decline Amid Geopolitical and Market Challenges
Impact of Geopolitical Uncertainty and Tariffs
March 9 (Reuters) - Clarksons, the world’s largest shipping services provider, posted a 21% drop in its annual profit on Monday, as geopolitical uncertainty and U.S. tariffs weighed on its broking and support divisions.
Broader Challenges in the Global Shipping Industry
The results reflect the broader challenges the global shipping industry faced in 2025, as new tariffs, evolving sanctions and regional conflicts disrupted established trade routes and created complexity across sectors.
Increasing Complexity in 2026
That complexity has only deepened in 2026, the company said, with the evolving sanctions environment leaving nearly 1,000 vessels in the global tanker fleet currently under sanction.
Financial Performance and Outlook
Clarksons, which offers shipbroking, research, logistics support, and maritime financial services to facilitate global trade, said underlying profit before tax fell to 90.6 million pounds ($120.67 million) for the year ended December, from 115.3 million pounds a year earlier.
Forward Order Book and Future Prospects
The firm said its forward order book for 2026 stood at $244 million, up from $231 million at the start of 2025.
($1 = 0.7508 pounds)
(Reporting by Yamini Kalia in Bengaluru; Editing by Ronojoy Mazumdar)
