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(Alliance News) - Clarkson PLC on Wednesday said it has made a "good start" to 2022, amid a decent showing at its Shipbroking and Financial arms.
Clarkson shares were 1.0% higher at 3,420.00 pence each in London on Wednesday afternoon.
The shipping services firm said it is trading in line with internal expectations.
Since the start of the year, the company has benefited from improved conditions in the shipping sectors it operates in.
Clarkson said the ClarkSea Index - which is compiled using earnings for the main vessel types - averaged 37,190 between the start of January and late-April, up year-on-year.
"Our Broking business has performed well, building on the improved demand supply dynamics," the London-based company said.
"As expected, an increase in spot business transacted, compared to the same period last year, has added to the enlarged forward order book brought into 2022."
Clarkson's Financial division "has an encouraging pipeline", despite weakness in capital markets due to geopolitical uncertainty.
Clarkson added: "The Research division's positive trajectory continues, increasing both revenues and profit as changing commodity trade flows, the green transition and the ongoing drive towards renewable energy have all increased client demand for our industry-leading market insights, data and analysis. The Support division also started the year positively as it enlarges its footprint and range of services offered.
"The company is trading in line with the board's expectations. The outlook for the business remains strong as we continue to drive value for both shareholders and clients."
By Eric Cunha; ericcunha@alliancenews.com
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