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Share Name Share Symbol Market Type Share ISIN Share Description
Clarkson Plc LSE:CKN London Ordinary Share GB0002018363 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  -45.00 -1.5% 2,955.00 42,261 16:35:25
Bid Price Offer Price High Price Low Price Open Price
2,925.00 2,950.00 2,975.00 2,910.00 2,975.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Transportation 443.30 69.10 164.60 18.0 898
Last Trade Time Trade Type Trade Size Trade Price Currency
17:45:36 O 441 2,951.117 GBX

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Date Time Title Posts
10/1/202316:50CLARKSON - WORLD'S LARGEST SHIPBROKER 100
11/7/201908:24Here Is The Shipping Forecast;: Clarkson (CKN) 787p1,907
30/8/201821:52CLARKSON 3
09/1/201513:56Clarksons versus Seascope37
08/1/201507:57What am i missing on Clarkson?2

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Clarkson (CKN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
17:45:362,951.1244113,014.43O
17:38:482,935.392,62777,112.80O
17:38:482,933.8289226,169.64O
17:38:032,957.281,19835,428.26O
17:38:022,951.8832944.60O
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Clarkson (CKN) Top Chat Posts

Top Posts
Posted at 27/1/2023 08:20 by Clarkson Daily Update
Clarkson Plc is listed in the Industrial Transportation sector of the London Stock Exchange with ticker CKN. The last closing price for Clarkson was 3,000p.
Clarkson Plc has a 4 week average price of 2,880p and a 12 week average price of 2,750p.
The 1 year high share price is 3,945p while the 1 year low share price is currently 2,440p.
There are currently 30,374,875 shares in issue and the average daily traded volume is 29,062 shares. The market capitalisation of Clarkson Plc is £897,577,556.25.
Posted at 10/1/2023 16:50 by lambeater
Agreed. I bought some on the close. HSBC may have reduced from buy to hold but Peel Hunt has CKN as a strong buy. I think the downside is limited to about 40-50 ticks unless there's a market wipeout.
Posted at 06/1/2023 09:59 by lauders
A good RNS from CKN today and no comment. The quiet BB's are often the best it seems.
Posted at 02/9/2022 10:40 by mount teide
Baltic Dry Index(BDI) measures the cost of shipping dry commodities in bulk - has dropped 71% since mid may and 83% over the last 11 months - largely the result of the ongoing impact of China's zero-COVID policy, which has led to long lockdowns in major cities, and the suspension of operations in factories, businesses and ports.

Despite bulk carrier shipbroking representing only a relatively modest percent of Clarkson's (CKN) revenue, the share price has followed the trend of the BDI since last October.

As mentioned previously, when the BDI is on a falling trend, Clarkson's valuation invariably falls in lockstep - completely disregarding the wider revenue diversity fundamentals of the business.

Long shipping market history has shown buying specialist bulk carrier owner/operators and Clarkson's when the BDI is below 1,000, and especially when its below 500, is invariably a very smart move, as at that level the daily vessel operating cost(before any provision for finance interest payments and statutory maintenance and drydockings), is higher than the revenue earned.

Mentioned at the time in Advfn posts that if I could find a City service provider that would let me go long on the BDI when it was around the lows of 296 and 448 in 2016 and 2020 respectively, I would cash in my entire investment portfolio and put in into a BDI long position. Despite Zero Hedge suggesting the opposite in articles at the time, the BDI subsequently went up by 405% and 1050% respectively over the following 18 months or so. While Clarkson's share price went up by 88% and 93% respectively over the same periods.

Unfortunately, still yet to find an investment service provider that offers a direct trade on the BDI. Clarkson's probably offers the best low risk alternative for exposure to the movement of the BDI, for those uncomfortable with the elevated risk of an individual shipping company investment.

Posted at 15/8/2022 13:20 by shallwe
I put this share on my watch list earlier this year and have seen the share price rise nicely. Decided to take the plunge today so look forward to a bright future.
Posted at 23/7/2022 09:38 by waldron
misca2
23 Jul '22 - 07:59 - 536 of 536
0 1 0
Https://www.fool.co.uk/2022/07/23/a-dividend-aristocrat-id-buy-to-boost-my-passive-income/

CLARKSON CKN

Posted at 13/7/2022 08:18 by sammu
I think the current price and the downgrades reflect the expectation that things won't look as rosy in a years time, but right now they are making hay while the Sunshines.
Posted at 30/5/2022 11:47 by fuji99
If they survived during Covid times, prosperity in this sector is on its way from now on. CKN is definitely an excellent long term defensive hold with great dividend returns: hTTps://www.seatrade-maritime.com/containers/maersk-records-best-ever-quarter
Posted at 17/5/2022 19:17 by mount teide
Clarkson (CKN) - World's largest Shipbroker - the Apple and Exxon of their industry.

Sanctioning of Russian oil has put a rocket under already very healthy Oil Tanker rates, propelling the ClarkSea Index to new highs, now double the 10-year average.

Shipping’s tremendous start to 2022 is reaping huge profits across all the main sectors for the first time in many, many years.

The ClarkSea Index created by Clarkson Research in 1990 has always been a wonderful barometer of shipping's fortunes and the health of the global economy. It is the weighted index of oil tanker, dry bulk carrier, containership and LNG carrier earnings.

The Clarksea Index after bottoming with oil and copper in 2016 after a torrid 7/8 year cyclical downturn which saw it bottom over 90% down, recorded its highest annual average in 2021 since the boom peak of 2008.

The charter rate good times rolled into 2022, and have become testosterone fuelled by the impact on global freight and O&G flows of the Russian invasion of Ukraine.

The ClarkSea Index has averaged $38,000 per day in the opening 4 months of the year, a 32% improvement over 2021’s average of $28,700 a day, and is now more than double the 10-year average.

Trends in the container sector have continued in “spectacular vein”, Clarksons reported in its latest report while bulk carriers have registered the strongest start to a year since 2008 at $22,880 a day, up 28% year-on-year.

However, it is in the tanker sector that earnings are seeing the most pronounced turnaround, helping propel the overall index still higher.

In the first half of April average tanker earnings have jumped to around $40,000 a day, in the top 10% of all values since 1990, and are a dramatic improvement compared to an average of around $8,000 a day between mid-2020 and February 2022.

As with the spectacular impact of 2022's average Brent oil price of $110 on the FCF generation of the O&G sector, the impact of the shipping sector's highest freight/charter rates since the peak of the last commodity/shipping cycle in 2008, are yet to be reported in the sector's results giving investors a chance to front run the smart money.

AIMHO/DYOR

Declaration: I have held a major portfolio holding in Clarkson since 2000, and believe the current valuation is a buying opportunity considering the scale of leveraged exposure they have to more than decade high ship charter rates across the 4 main shipping sectors, as the world's leading shipbroker.

Clarkson's ship-broking decision earns a fixed percentage of the ship charter rate - the higher the Clarksea Index and Baltic Dry Index, the more Clarkson's earnings resemble the top end of an exponential curve, since their costs are largely fixed!

Posted at 03/11/2021 16:57 by robcoo
I'm surprised that BMS's interim statement has not been reflected in the CKN share price
Posted at 11/10/2019 15:43 by mount teide
The US blacklisting of Chinese ships has seen oil buyers scrambling for capacity, pushing shipping rates to a more than decade high.

Average spot market rates for a VLCC(Very large Crude Carrier) have rocketed 522% in two weeks from 18,000 USD per day on 25th Sept to 94,000 USD per day by 9th October!

Clarkson CKN share price surged 11.1% today to an 18 month high.


'Oil Shipping Costs Soar to Highest Levels in 11 Years - Wall Street Journal

The cost of moving oil around the world has hit an 11-year high as producers scramble to find new supertankers following a U.S. blacklisting of a major Chinese operator that has sidelined dozens of ships.

“The market has gone bonkers by shock events like the Cosco tankers being blacklisted,” said George Lazaridis, head of research and valuations at Athens, Greece-based Allied Shipbroking. “It’s a bubble that could get bigger because of geopolitics before it bursts.”

Shipping executives say the U.S. action late last month over allegations that the vessels were tied to illicit shipments of Iranian crude has hit more than 40 tankers operated by a subsidiary of Cosco Shipping Energy Transportation, one of the world’s largest tanker owners and a major carrier for China’s oil needs.

Washington’s move pushed Asian and European importers searching for crude carriers in a tight market to secure oil cargoes as winter approaches.

But with Iran and Venezuela oil exports also under U.S. sanctions and Saudi Arabian oil production still trying to recover from a missile attack in September, oil traders have been turning to the U.S. for crude shipments.

The longer distance to move oil cargoes from the U.S. to Europe and Asia compared with moving them from the Middle East, has pushed daily charter rates for the big ships called very large crude carriers to their highest level since July 2008, according to Baltic Exchange data.

“There is a lot of confusion and uncertainty out there,” said Paolo d’Amico, head of Intertanko, a trade body representing tanker owners. “Everyone is afraid of being hit by the U.S., sanctions, rendering about 50 VLCCs untouchable.”

U.S. oil exports to Europe, which usually move in smaller tankers, hit a record 1.8 million barrels a day for the week ending Oct. 7, according to Kpler, an energy market intelligence company. The figure is double the 924,000 barrels in the previous week. But shipments to Asia, which are typically done on VLCCs, were reduced almost in half to 508,000 barrels.

A Singapore broker said rates for some VLCC cargoes on sailings from the U.S. Gulf Coast to the Far East were more than $120,000 on Thursday. Average earnings for supertankers picking up cargoes from around the world hit $94,124 a day, up from $18,284 on Sept. 25, when Washington blacklisted the Cosco fleet.

“VLCCs to Asia are a rare commodity, the market is red hot and will stay that way while the U.S. sanctions on Cosco ships are in place,” said the broker, who asked not to be named because he isn’t authorized to talk to the media.

Senior U.S. and Chinese officials squared off in trade talks Thursday at a pivotal moment in the countries’ relationship with President Trump planning to meet with the head of the Chinese negotiating team, Chinese Vice Premier Liu He, when the talks are scheduled to conclude Friday.

People with knowledge of the matter said the Chinese delegation planned to bring up the tanker ban during the talks.

Cosco Energy’s parent company, state-owned Cosco Shipping Group, is the world’s biggest shipping operator in terms of overall capacity, operating more than 1,100 vessels of all types, including container ships, tankers and bulk carriers. The company is also a part of Beijing’s multitrillion-dollar Belt and Road initiative that aims to establish infrastructure and distribution channels to help extend China’s influence around the world.

The Cosco tanker ban covers around 6% of the global VLCC fleet but other factors are leaving shipping capacity tight. Many large tankers and smaller ships are in dry dock being retrofitted with sulfur-trapping exhaust systems ahead of a regulation to clean up ship emissions that goes into effect in January.

“The [freight rate] expectations going into 2020 were already high because of the 2020 climate regulations,” said Evangelos Marinakis, chairman of Athens-based Capital Maritime & Trading Corp., which operates 10 VLCCs. “With so many geopolitical and industry-specific factors now pushing the market, it’s hard to predict when it will settle. But we expect the current strength to continue well into next year.” '

https://www.bloomberg.com/toaster/v2/charts/3b85b74a9ec04e5a994cd93faf472a7d.html?brand=technology&webTheme=technology&web=true&hideTitles=true

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