Braemar Completes Merger with ACM Shipping

By Joseph R. Fonseca
Monday, July 28, 2014
Image

 

Braemar Shipping Services plc has completed the merger with ACM Shipping Group Plc (‘ACM’). ACM will merge with Braemar Seascope, the shipbroking division of Braemar Shipping Services, to form a new combined shipbroking business, which will trade as Braemar ACM Shipbroking.
 
Braemar ACM Shipbroking brings together two leading shipbroking companies and builds on their complementary strengths in tanker and dry cargo chartering and sale and purchase. The combined business will enable Braemar ACM Shipbroking to provide enhanced worldwide market coverage in these sectors as well as in the Offshore and Containers sectors.
 
Now that the merger has completed, the New Ordinary Shares have been admitted on the Official List and dealings are expected to commence today 2014 at 8.00am under the ticker symbol LSE:BMS.

Previous ACM Directors, Johnny Plumbe, Tim Jaques, Jürgen Breuer and Mark Tracey have now been appointed as Directors of Braemar, alongside the existing members of the Board, Sir Graham Hearne, James Kidwell, Martin Beer, Denis Petropoulos, Alastair Farley and David Moorhouse.
 
James Kidwell, Chief Executive of Braemar Shipping Services plc, commented: “I am delighted to welcome all ACM employees to Braemar Shipping Services Plc. Our merger is driven by the overall vision of Braemar Shipping Services as the most valued provider of services to the shipping and energy industries. This is a very exciting step forward for the Group and for Braemar ACM. We are creating a top class shipbroking business and we look forward to capitalising on the opportunities that arise from the increased reach and prominence of the business.”
 

Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

News

On USCG Anniversary, Gov. McAuliffe Urges Hurricane Preparedness

Gov. Terry McAuliffe encouraged Virginians to get ready for hurricane season and provided an update on the commonwealth’s preparations Friday at a press conference

Diana Shipping Nets 2Q Loss

Diana Shipping Inc. today reported a net loss of $14.1 million and net loss attributed to common stockholders of $15.5 million for the second quarter of 2015, compared to net loss of $5.

Optimized Tug-Barge System Designs by Robert Allan

Optimized Tug-Barge System Designs by Robert Allan Ltd. by David R. Connand Robert G. Allan, P.Eng. Some veteran Mississippi pushboats and barges have been

Mergers & Acquisitions

MHI: Notice of Absorption-Type Split Agreements

MHI gives Notice Regarding Conclusion of Absorption-type Split Agreements Relating to Transfer of Ship Construction and Hull Block Manufacture Businesses to Two

Calais Port Blocked Again by Protesters

Protesting ferry-workers blocked road access to the northern French port of Calais with burning tyres on Friday, police said. The workers have in recent weeks

BBC Chartering Opens Vietnam Office

BBC Chartering announces the opening of a new representative office in Ho Chi Minh City, Vietnam, starting August 1st breakbulk, and general cargo transportation

 
 
Maritime Contracts Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Port Authority Salvage Ship Simulators 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: 0.2536 sec (4 req/sec)