Affinity (Shipping) saw softer results in 2021 and challenges for its non-core businesses, but it said the banner year it had in 2020 was a tough act to follow.

Profit after tax totalled £2.13m ($2.48m) in the 2021 financial year for the London-headquartered shipbroking group, less than one-third of the £7.78m it recorded the previous year.

Commissions and other fees receivable fell year on year by 14% to $44.2m,