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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Funding Approved for Georgia’s New Inland Terminal

At its July board meeting, the Georgia Ports Authority (GPA) approved a spending package of $19.7 million to construct the Appalachian Regional Port in Chatsworth, Murray County, Ga.

Baltic Index Falls on Weak Freight Rates

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Monday due to weaker rates across all segments, except handysizes.

As Market Sours, LPG Tankers Anchor off Singapore

Record U.S. LPG exports to Asia flip market into a glut. Last year, liquefied petroleum gas (LPG) supplied to Asia was being snapped up by petrochemical makers.

 
 
Maritime Careers / Shipboard Positions Navigation Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | 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: 0.0646 sec (15 req/sec)