04-08-2025
Shipping giant Clarksons profits fall as Trump tariffs and turmoil in the Middle East hit demand
Shipping giant Clarkson suffered a hit to profits as trade tariffs and turmoil in the Middle East hit demand.
Boss Andi Case blamed the 'highly complex global environment' after profit fell to £37.5million in the six months to June from £50.1million the previous year.
Donald Trump's tariffs, followed by a chaotic 'shifting' of the levies, meant exporters held off shipping goods.
Sales were down to £298million from £310million in 2024.
The decline followed a warning in March that rising global tensions were likely to hit performance.
It has also been affected by wars in Gaza and the wider Middle East, which caused many clients to pause long-term contracts.
