7th Nov 2013 11:45
LONDON (Alliance News) - Clarkson PLC Thursday said it remains confident about the rest of 2013, with its expectations unchanged after strong third quarter trading.
The shipping services provider said trading between July 1 and November 2013 has been encouraging, against global shipping markets which, although demonstrating some early signs of improvement still remain challenging.
Clarkson, which purchased Gibb Tools, a specialist tool supplier to the industrial maritime and offshore sectors in a GBP12.7 million deal reported on November 1, said third quarter trading was up year-on-year.
Its broking business has seen good performances across offshore, tankers and specialised products as well as an improvement in new building contracts, while the derivatives broking business has had strong volumes as a result of improving rates.
Trading across the rest of Clarkson's support businesses have been in line with expectations, though they had to contest with reduced grain exports as a result of the poor 2012 harvest and the decrease in activity of offshore oil and gas projects in the North Sea.
Clarkson shares were Thursday quoted at 2,012.00 pence, up 0.5%.
By Samuel Agini; [email protected]; @samuelagini
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