Braemar Shipping Acquires Steege Kingston

The Board of Braemar Shipping Services announced the acquisition of Steege Kingston Partnership Limited. Steege Kingston provides specialist loss adjusting and other expert services to the energy (oil and gas), marine, power and other related industrial sectors. It is one of the leading international players in the energy adjusting market, with a particularly strong reputation and presence in the offshore/upstream sector. Its client base covers insurance underwriters, insurance brokers as well as the insured parties in the oil and gas industry itself. First established in 1975, the group now operates from offices in London, Houston, Singapore, Calgary and Mexico City with a total of 62 employees. There are nine shareholders all of whom are employed in the group and will remain so after the change of ownership.