We do this by building on our strong performance, which allows us to maintain and develop our position as the global market leader in shipping services.
Expanding our breadth to better tailor our integrated offer
With an expanding and industry-leading range of services that span the maritime, offshore, trade and energy markets, we’re uniquely positioned to deliver bespoke commercial solutions to our clients and enable them to make smarter and better informed decisions. As the market makes increasing strides toward a more sustainable future, our investment in Renewables and sustainability expertise positions us to lead this vital change from the front.
Supporting decarbonisation across the industry
As the focus on decarbonisation strategies continues to be driven by both regulation and societal pressure, we created a carbon capture presence within both our Green Transition and gas teams. Our carbon broking team announced three partnerships with external parties during the year, enhancing the breadth of solutions it can offer to clients.
Read moreExtending our reach to support clients globally
Our global presence enables us to meet client needs wherever and whenever they arise. With 56 offices in 24 countries on six continents, and growing, we share culture, values, IT systems and high standards of corporate governance across our business, as we use our local knowledge to provide our clients with truly global, cross-border advice.
Expanding our reach to clients globally
The Research division established a data team in New Delhi, leveraging local maritime expertise. The Maritech business extended its global footprint to Poland through the acquisition of Setapp. We also extended our reach in already established locations through the creation of a specialised products desk in Tokyo and an LNG desk in Geneva.
Read moreStronger understanding of clients’ needs
Our client base ranges from oil majors to raw material producers and long established shipowning families. We have worked with many of our clients for generations, building a deep understanding of their businesses and providing the services that have helped them to prosper. We have more touch points across the industry than anyone else and use our leading technology and authoritative intelligence to offer unique and tailored solutions to meet our clients’ needs.
Developing and integrating our solutions
Following the launch of our Green Transition offering to our clients in 2021, we have continued to develop and integrate the team, which provides clients with a consultative approach to finding bespoke solutions to devising and executing their decarbonisation strategies. This has included enhancing the expertise in our newbuilding team to allow us to better understand clients’ needs around alternative-fuelled vessels in light of changing regulation.
Read moreEmpowering people to fulfil their potential
We are committed to attracting and retaining the best people, providing them with the tools and training that empower them to fulfil their potential. Our employees have access to our leading technology and authoritative intelligence, enabling them to support our clients to make smarter and better informed decisions.
Enhanced performance management processes
We launched our revised employer brand, rolled out bespoke leadership development training, established a new approach to performance management in Broking, started building the Clarksons Academy and enhanced our behavioural framework to support our purpose-led culture.
Read moreMaintaining trust in shipping intelligence
Globally respected as a provider of market-leading data and intelligence, our research is widely trusted across the shipping industry to inform effective decision-making. Our database tracks over 160,000 vessels, 8,000 offshore oil and gas fields and 1,500 windfarms.
Enhancing our research offering
During the year, Research enhanced its digital product offering: Shipping Intelligence Network was relaunched with new content and visualisation tools; Renewables Intelligence Network was improved; and Offshore Intelligence Network received a major upgrade. We continued to evolve our energy transition model, which provides maritime decarbonisation scenarios, and expanded our data tracking of alternative-fuelled ships. We released a series of market impact assessments including a focus on the IMO’s 2030 policy measures to reduce emissions and analysis of trade complexities following the Russia-Ukraine conflict.
Read moreGrowing our business to improve performance
We are a consistently profitable and cash generative business that is focused on creating long-term value for our shareholders. We do not rest on our laurels as the market leader across our core sectors, and invest to build on our position through the provision of best-in-class advice and service to our clients.
We increased our dividend
We have maintained our progressive dividend policy and increased our dividend for the 20th consecutive year, whilst remaining cash-generative and increasing our free cash resources. We also achieved a 10.7% year-on-year increase in underlying profit before taxation. We continued to invest in our technology offering, both organically and through acquisitions by the Maritech business of Chinsay and Setapp.
Read moreIN ACTION
Working together to build a brighter future for our clients
As a world leader in integrated shipping services, we believe it’s our role to advise clients to achieve their decarbonisation objectives and enable cleaner, greener trade across the maritime sector.