Clarksons Shares Plunge 19% as Trade Tensions and Tariffs Shake Shipping Market
The world's largest shipbroker reports declining freight rates and asset values, citing geopolitical conflicts and new U.S. tariffs as key factors.
- Clarksons' share price fell nearly 19%, reaching its lowest level since November, following warnings of market uncertainty in 2025.
- Geopolitical disruptions, including conflicts in Ukraine, Gaza, and the Red Sea, have strained global supply chains and impacted shipping rates.
- New U.S. tariffs introduced by President Trump, targeting key trade partners like China, Canada, and Mexico, have further destabilized the shipping market.
- Despite challenges, Clarksons reported record underlying profits of £115.3 million in 2024, marking its third consecutive year above £100 million in profits.
- The company raised its dividend for the 22nd consecutive year, but cautioned that continued geopolitical and economic uncertainty could influence its future performance.