Franklin Templeton Investments has unloaded a slice of its shares in Clarksons. 

The US investment firm, which is the largest shareholder in the UK-headquartered shipbroking giant, told the London Stock Exchange that it now controls 4.22 million of its shares.

That brings its stake to just below 14%.

The disclosure means that Franklin Templeton has shed 204,000 shares since its last report in September.