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Cash-rich shipping giant Clarkson reports 8% rise in profits

Core broking arm underpins profit growth
March 4, 2024
  • High interest rates weigh on financing arm
  • Free cash pile grows by £44mn

The global nature of the maritime business means that geopolitical events are always likely to have an effect on shipbroker Clarkson (CKN). And so it proved in 2023, when container lines faced major disruption in the Red Sea at the end of the year, as well as a drought that temporarily restricted traffic through the Panama Canal.

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