A reduced underlying profit led to smaller bonuses for executives at shipbroking giant Clarksons during 2016.

Chief executive Andi Case, finance and operating chief Jeff Woyda and head of broking and investment banking Peter Anker all collected lower bonuses last year, according to the broker’s annual report released today.

London-listed Clarksons – which has seen its stock reach record highs this year – booked an underlying profit of £44.8m