Braemar Shipping Appoints New Chief Executive
The board of Braemar Shipping Services PLC (“Braemar”, “the Group” or “the Company”) is pleased to announce the appointment of James Kidwell as Chief Executive with effect from today. James Kidwell, age 50, is Group Finance Director and has worked for Braemar in that role since June 2002. He succeeds Alan Marsh, who will retire as chief executive today and from the board on 31st July 2012. Alan Marsh has, however, agreed to continue to play an active role in the Shipbroking division. In addition, Quentin Soanes, following his appointment as Chairman of the Baltic Exchange, will also retire from the board on 31st July 2012 but will remain responsible for the Group’s Technical, Logistics and Environmental divisions.
Braemar Announcement - Tony Pegum
After 27 years of dedicated service Tony Pegum, Managing Director of Braemar Seascope Pty Ltd, has decided to leave the company and shipbroking. Tony has been a great servant to the shipbroking industry both in Australia and internationally. He is a key figure in Perth assisting Western Australian mining and resources companies with shipping advice and broking services. Tony has been pivotal in the success of Braemar's operations in such an important part of the world. Tony leaves…
Braemar Acquires BMT Marine & Offshore
BMT Marine & Offshore Surveys, which incorporates The Salvage Association and Murray Fenton, is delighted to announce that the business and assets of the company have been acquired by Braemar Shipping Services Plc, a leading international provider of shipbroking, consultancy, technical, logistics and other services to the shipping and energy industries. Nigel Clark, Managing Director of BMT Marine & Offshore Surveys, said: “We are delighted with the outcome of this sale process and we believe this is a tremendous opportunity for the future of our business.
Purchase Of The Business And Certain Assets Of BMT Marine
Braemar is pleased to announce the purchase of the business and certain assets of BMT Marine and Offshore Surveys Limited (“BMTMOS”) on 6th May 2011 from the Administrator, Deloitte. BMTMOS provides Hull and Machinery, P&I and Marine Warranty survey services around the globe; clients operate primarily in the insurance, shipping and offshore industries. BMTMOS has 94 employees, most of whom are marine surveyors, who operate from 21 offices around the world. Going forward the business…
Braemar Shipping Interim Results
Commenting on the results and outlook, Sir Graham Hearne, Chairman, said: “Our strategy remains to position the Group as a leading player in a selective range of marine and shipping services. We believe this will provide the Group with resilience to weather adverse conditions and a platform from which we can take advantage of suitable opportunities. Alan Marsh, Chief Executive, said “Despite the market this is a set of record results for Braemar which gives us confidence that our expectations for the full year out-turn will be met.
MAN B&W Acquires Alstom Engines
Effective June 9, MAN B&W Diesel has acquired the Alstom Engines business, and effective immediately the Alstom Diesel engine business was renamed MAN B&W Diesel Ltd. with its headquarters in Stockport, Cheshire. Dr. Hans-J. Schulte, President of MAN B&W Diesel, stated: "We welcome the new British members of the MAN B&W Diesel team to the MAN family. The U.K. company manufactures diesel engines under the Mirrlees Blackstone, Ruston and Paxman brand names. The existing engine programs - which will continue to be strongly marketed according to the company - are complementary to the extensive range of engines in the power bracket between 500 and 68,640 kW being designed and produced by the MAN B&W Diesel Group at its other locations in Europe.
