Braemar Reports Interim Management Statement

Thursday, June 19, 2008

Braemar Shipping Services reported at its Annual General Meeting, that freight rates have recently set record highs in the dry bulk market and wet chartering has also seen a period of notable strength. Shipbroking income is ahead of the first quarter of last year and activity levels have been high with good business concluded over the first quarter in these favorable conditions. The addition of more newbuilding orders and time charter business has sustained the high level of our forward order book.

Other businesses are performing in line with the company's internal expectations.  The company is pleased with the performance of Steege Kingston since it was acquired in March. The company has been renamed Braemar Steege and it is already working well alongside Braemar Falconer and Braemar Howells.

Maritime Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Asia VLCC Rates Could Could Climb Even More

Owners see rates climb by nearly $22,000 per day; Rates could peak as more tonnage comes free. Rates for very large crude carriers (VLCCs) on key Asian routes

New Players in Singapore Markets in OW's Absence

The downfall of a leading marine fuel supplier that prompted sellers to tighten credit terms in Singapore is skewing the post-OW Bunker jostle for market share

Asian Airlines Pause Before Hedging on Fuel

Oil fell to four-year low of $72 on Thursday; Airlines hope the price will slip below $70 a barrel. Airlines in Asia-Pacific are holding off from hedging their

 
 
Maritime Contracts Maritime Standards Naval Architecture Navigation Pod Propulsion Port Authority Ship Electronics Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1917 sec (5 req/sec)