Clarksons PLC Perform Strongly in 1H 2014

By George Backwell
Monday, September 01, 2014
CEO Andi Case: Photo Clarksons

Leading shipping services group, Clarksons PLC reports strong strong financial performance in the first half of 2014.

Financial Results

Clarksons increased revenues by 25% to £111.7m in the first six months of 2014 (2013: £89.1m) despite the weaker US dollar against sterling, which averaged US$1.68 (2013: US$1.53).

Administrative expenses increased by 17% to £89.3m (2013: £76.1m) predominantly reflecting additional staff costs.

Underlying profit before taxation was £15.8m (2013: £10.8m), which after acquisition costs of £1.7m and £nil exceptional costs (2013: £1.8m after acquisition and exceptional costs), turned into a reported profit of £14.1m (2013: £9.0m). Basic reported earnings per share was 53.1p (2013: 32.7p). Underlying earnings per share, before acquisition costs and the exceptional item, was up 49% to 62.2p (2013: 41.8p).

“Clarksons’ strong performance in the first half of 2014 once again underlines the strength of the company’s strategy and business model. Clarksons continues to make positive strides despite the
challenges that remain in shipping markets and the weakness in the US dollar," comments Andi Case ,Chief Executive Officer.

Further information at: http://www.clarksons.com/

Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Largest Vessel to Call ICTSI, Rijeka

Adriatic Gate Container Terminal (AGCT), International Container Terminal Services, Inc.’s (ICTSI) container handling facility in the Port of Rijeka, Croatia,

MOL President Reports Slack Performance

MOL President, President, Koichi Muto reported that the performance of the company was slack. Presenting his report he stated:  I am sad to report that our business performance fell short,

Holland America Line Wins Sparkie Award

At a March 5 reception at the Seattle Waterfront Marriott, Holland America Line was presented with a Sparkie Award by the United Way of King County, Washington.

Ports

Largest Vessel to Call ICTSI, Rijeka

Adriatic Gate Container Terminal (AGCT), International Container Terminal Services, Inc.’s (ICTSI) container handling facility in the Port of Rijeka, Croatia,

Power Cut in Turkey Disrupts Port Operations

Port operations in Turkey are facing disruption as a result of a massive power cut that has hit dozens of provinces across the country today (Tuesday 31 March).

DP World to Develop Maldives Ports

Dubai-based port operator DP World has signed an agreement with the Maldivian government to develop the archipelago’s ports and logistics industry.    Maldives' tourism minister,

Finance

MOL President Reports Slack Performance

MOL President, President, Koichi Muto reported that the performance of the company was slack. Presenting his report he stated:  I am sad to report that our business performance fell short,

Holland America Line Wins Sparkie Award

At a March 5 reception at the Seattle Waterfront Marriott, Holland America Line was presented with a Sparkie Award by the United Way of King County, Washington.

Knightsbridge Shipping, Golden Ocean Merger wrap up

Knightsbridge Shipping Limited has completed its previously announced merger with Golden Ocean Group Limited. In connection with the closing of the merger,

People in the News

Largest Vessel to Call ICTSI, Rijeka

Adriatic Gate Container Terminal (AGCT), International Container Terminal Services, Inc.’s (ICTSI) container handling facility in the Port of Rijeka, Croatia,

MOL President Reports Slack Performance

MOL President, President, Koichi Muto reported that the performance of the company was slack. Presenting his report he stated:  I am sad to report that our business performance fell short,

Holland America Line Wins Sparkie Award

At a March 5 reception at the Seattle Waterfront Marriott, Holland America Line was presented with a Sparkie Award by the United Way of King County, Washington.

Logistics

Power Cut in Turkey Disrupts Port Operations

Port operations in Turkey are facing disruption as a result of a massive power cut that has hit dozens of provinces across the country today (Tuesday 31 March).

OOCL Orders Six Ultra-Large Container Ships

Orient Overseas (International) Ltd. has placed a new order for six mega 20,000 teu container ships from South Korean shipbuilder Samsung Heavy Industries Co. for US$951.

Wan Hai Profits Up

Asian container operator Wan Hai Lines Ltd sees 2014 profit jump as revenue grows faster than costs.   The Taiwanese container carrier recorded a profit of TWD5.

Consulting

Focus on Environment at Suny Maritime College Anniversary

The State University of New York Maritime College’s 140th Anniversary Speaker Series presented a panel discussion on March 26 in the College’s Maritime Academic Center.

China Maritime Silk Road to Touch India for Namesake

Chinese officials on Saturday fleshed out some details for the country's ambitious 21st Century Maritime Silk Road (MSR) project in its “one belt, one road,” action plan.

Holland America Line Ships Score 100

On recent routine United States Public Health inspections (USPHI) conducted by the U.S. Centers for Disease Control and Prevention, Holland America Line’s ms Statendam,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Offshore Oil Port Authority Ship Electronics Ship Repair Ship Simulators Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1443 sec (7 req/sec)