Galbraith's appoints three new directors

International shipbroker and shipping consultant Galbraith's Ltd has appointed three new directors with effect from January 1, 2005 - Bjorn Andersen, Peter Bartleet, and Richard Harmsworth.

Bjorn Andersen is a Norwegian national, 35 years of age, who started his shipping career in New York before moving to Galbraith's in 1999. He focuses on the crude oil sector and in particular on VLCC and Suezmax trades. Bjorn, in addition to his London base, has developed direct links with a number of clients in the Far East, an area where he will continue to work to expand Galbraith's worldwide reach.

Peter Bartleet, aged 47, becomes the second director on the Sale & Purchase desk, working alongside head of S&P Neil Rokison. He has over 25 years of broking industry experience spanning both tanker chartering and S&P. He has worked extensively abroad and has strong connections in the Italian and Monaco markets, having lived in Monaco for many years. While in Monaco he gained extensive experience of shipmanagement and business development, and thus brings to the board of Galbraith's a valuable breadth of commercial experience. He is a Fellow of the Institute of Chartered Shipbrokers.

Richard Harmsworth is 34 years of age and joined Galbraith's in 1997 after five years, spent in London and in Australia, with another major London shipbroking company. Richard works with fellow director James Palmer on the products desk, where he is recognised as a leader in his field in both spot and period trades for a variety of vessel sizes.

Richard Sayer, Chairman of Galbraith's, says, "Bjorn Andersen, Peter Bartleet and Richard Harmsworth are highly regarded by clients and competitors in their respective markets. The Galbraith's board gains three people committed to the group's agenda of growth whose breadth of vision and energy will add significant value to the company.