Marine Link
Tuesday, October 23, 2018

SSY Acquires Bidsted & Co

Maritime Activity Reports, Inc.

December 17, 2017

Photo: Simpson Spence Young

Photo: Simpson Spence Young

 British-based ship broker Simpson Spence Young (SSY) has acquired Danish dry bulk broker Bidsted & Co.

 
Bidsted & Co, which was founded in 1940, is one of the last few remaining independent shipbrokers in Copenhagen. Bidsted’s chartering and S&P expertise focuses on serving Danish and Far Eastern dry cargo charterers, operators and shipowners. 
 
Stanko Jekov, Head of Dry Cargo at Simpson Spence Young, said: “We are very much looking forward to working with the team at Bidsted and this acquisition is a great opportunity for us to continue to grow our Dry Cargo department with local expertise in Copenhagen, one of the major shipping hubs of Europe.”
 
Carsten Munk Jensen, Managing Director of Bidsted, said: “This move will provide new opportunities for our team under the umbrella of a major global brokerage.” 
 
Mark Richardson, Chairman of Simpson Spence Young, added: “This is an excellent strategic fit for both parties and further enhances our global reach.”
 
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