Braemar Completes Merger with ACM Shipping
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…
Seascope CEO Quits
British shipbroking group Seascope Shipping Holdings Plc said its chief executive Duncan Hill resigned, effective immediately. Non-executive chairman Tom Young will step in as acting chief executive until a successor is appointed. The company said Hill had decided to further his career outside the shipbroking industry.
StrategicIMX Completes Shipbroking Desktop Integration
Strategic Software has announced that StrategicIMX can now integrate all users of existing Strategic and Dataworks shipbroking software over the internet. A number of companies are already benefiting from IMX. US-based McQuilling Brokerage and Charles R. Weber are among the tanker brokers utilising the fully functional TankerIMX, a version specifically designed to cater for the tanker industry. E-Jan/DryBulkIMX, the IMX software for companies involved in dry bulk ocean transportation, is being used by NYK Line, Japanese shipbroker Yamamizu and other Japanese, European and US shipbrokers and shipowners.
Braemar Announce Year Financial Results
"This has been a challenging year for shipping with a significant surplus of tonnage in many sectors. While activity remained strong, chartering rates and vessel values suffered and shipbroking income fell as a result. However, the Technical, Logistics and Environmental divisions all performed well.
Braemer Shipping Interim Management Statement
“Shipping markets have experienced a significant correction over the past four months and in varying degrees dry and wet freight rates and vessel values are sharply lower, mainly in response to the slowing global economic demand and the significant contraction in the availability of bank lending. However, within our Shipbroking division chartering has remained active and to date there have been no significant cancellations within our forward order book. Our Technical Services businesses have maintained the high activity levels experienced in the first half and the Logistics and Environmental businesses are continuing to perform steadily. The Board is confident about the out-turn for the current financial year.
Seascope CEO To Retire
Shipbroking group Seascope Shipping Holdings Plc said that Tom Young, CEO and chairman, would retire from the roles and become non-executive chairman from September 30. Current director Duncan Hill is slated to become chief executive of the company from October 1.
Jamaica Opens Bremen Office
Cutting the metaphorical ribbon for the official opening of the JSR’s new office in , Hon. L. Michael Henry, CD, MP and Jamaican Minister of Transport and Works, paid tribute to ’s position as a leader in the shipping world saying its maritime cluster embraces just about every sector of this multi‐faceted and diverse industry. He also used the occasion to outline the Jamaican government’s plans to create the island into a global maritime centre incorporating ship registration, ship finance, shipmanagement, shipbroking, ship and container repair as well as bunkering, surveying and marine insurance.
Williams Joins Braemar Seascope Research Team
Global shipbroker Braemar Seascope Ltd has underlined its commitment to delivering top quality market data and analysis by welcoming a new Research Manager to its London-based research team. Joining the research department is Mark Williams, an economist and consultant. Mark is a proven communicator and strategist and brings with him a wealth of knowledge and experience of the shipping markets. He has been tasked with reorganizing and boosting the capture, analysis and distribution of real time and forward-looking shipping market information to support the company’s chartering…
Seascope Announces Results
British shipbroking group Seascope Shipping Plc expects year pre-tax profits of 1.8 million pounds, against two million last year, after contract delays impacted results. Seascope said its work on exchanging contracts to complete its merger with Braemer Shipbrokers was progressing. Due to the size of the deal it would be classified as a reverse takeover. The company requested its shares be suspended in relation to this.
Stewart Group Launches Subsea Division
The Stewart Group, an international shipbroker, has added new depth with the appointment of Michael Braid to launch its specialist subsea and renewables business. "We're delighted Michael has joined The Stewart Group team,” said Paul Love, Managing Director of The Stewart Group. The Stewart Group, which has offices in Aberdeen, London, Houston, Cape Town and Ghana, is a world leader in shipbroking for the procurement of offshore support vessels, deep sea towage, salvage and ship sale/purchase services.
Bramear Seascope Opens Oslo Office
Braemar Seascope will add to its shipbroking division by opening a new tanker chartering office in Oslo. Following the recent establishment of a deep sea tanker chartering desk in Houston, the new Oslo office will focus on the specialized tanker sector forming part of Braemar’s existing specialized team of 14 brokers. It will be led by Joachim Hagen-Hansen who will commence broking within the next three months. The office will be opened by Eirik Hagen with effect from May 6.
Liberian Registry Appoints London GM
The Liberian International Ship & Corporate Registry (LISCR), the U.S.-based manager of the Liberian Registry, has appointed Kostas Ladas as general manager of its London office. Ladas joins LISCR from London-based ship and insurance broker and agent Victoria Steamship Co. Ltd., where he was vessel operations manager. Prior to that, he spent over 25 years with Coscon/Cosco (U.K.) Ltd. in London, where he held a variety of executive roles, including Chartering & Shipbroking deputy general manager, commercial manager and company legal adviser.
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 Shipping Services Preliminary Results
Braemar Shipping Services plc., an international provider of broking, consultancy, technical and other services to the shipping and energy industries, announced its full year results for the year ending February 28, 2013. James Kidwell, chief executive of Braemar Shipping Services plc, said, “We have reported a robust group performance, in extremely challenging shipping markets, thanks to our progressive diversification into a broad range of maritime services. “This year’s performance shows that the strategy to develop a more broadly-based business has reduced volatility of the Group’s results and the exposure to the shipping cycle.
Blue Water Strengthens portfolio in Lolland-Falster
In recent years, Blue Water Shipping's port activities have developed rapidly with activities in an increasing number of Danish port. Blue Water now extends its activities within shipbroking and port agency in the ports at Lolland-Falster. Port activities include shipbroking, chartering, stevedoring as well as terminal and warehouse services which are offered to all types of vessels and cargo. Blue Water will be represented with its own offices in the ports of Nakskov Roedby and…
BMS Launches New Corporate Website
Braemar Shipping Services plc, an international provider of broking, consultancy, technical and other services to the shipping and energy industries, announced it has undertaken a major upgrade to its online presence through the launch of a new corporate website (www.braemar.com), linking all the company’s divisions within a single digital presence. The new website boasts increased functionality and content such as improved search functions, an updated media section and in-depth information on Braemar’s services, locations and key contacts.
Ship Broker Clarkson Looks to Acquire Platou
Top ship broker Clarkson is seeking to acquire Norwegian brokerage and investment bank RS Platou for 281.2 million pounds ($441 million) in a deal that would create one of the sector's biggest players globally. The deal would be the latest in an industry which has suffered one of its worst-ever downturns in the past five years. Owners ordered large numbers of vessels between 2007 and 2009, just as the global economy started to slow, creating a glut. Prospects have brightened recently as world trade picks up and the glut of ships is absorbed, but recovery remains fragile. In the meantime, many ship brokers view larger operations with global teams as the best way to position for a full market revival.
Chemical Tankships Deep Laden on Fracking Boom
The boom in U.S. natural-gas supplies is boosting chemical exports to Asia, driving up demand for specialized ships that carry the products and sending freight rates to a five-year high, reports Bloomberg. Earnings for tankers carrying 20,000 metric-ton cargoes in stainless-steel tanks will rise 12 percent to an average of $14,500 a day next year, the most since 2009, according to Bloomberg, citing RS Platou Markets AS, the investment-banking unit of Norway’s largest shipbroking group. China, the largest importer, is on course to buy more than ever, pushing fleet use to 87.2 percent of available transportation capacity this year and 89.8 percent in 2014, the highest since 2008, Platou estimates. Source: Bloomberg
Sterling Shipping Adds Two Industry Veterans
Quentin Soanes and Jeremy Davies have joined the Sterling Shipping Services team. Having worked in the world of Sale & Purchase shipbroking for 36 and 30 years respectively, both Quentin and Jeremy bring with them a wealth of experience and are highly respected in the business. Quentin will also be well known to many as the current Chairman of the London Baltic Exchange. After commencing trading in September 2013, Quentin and Jeremy will further enhance the service Sterling Shipping Services provides to its clients on sale and purchase as well as other associated services such as valuations, consultancy and expert witness appointments. sterlingshipping.com
Braemar Acquires LPG Connect
Braemar Seascope Ltd, the shipbroking arm of Braemar Shipping Services plc, has acquired the LPG broker and consultant LPG Connect International to form a product broking division called Braemar LPG Connect, to take effect from April 21st, 2009. Braemar LPG Connect will be located in Braemar Seascope’s London office and will be headed by Stuart Anderson who will also be part of Braemar’s Gas Department team, with Allison Isaac-Hierscher joining in operations. Stuart has significant broking and trading experience in this sector and will bring a new LPG broking discipline to Braemar through the move. LPG Connect International's training course partnership is not affected and will continue unchanged. (www.braemarseascope.com)
Daewoo Shipbuilding Eyes Maersk Boxship Order
South Korea's Daewoo Shipbuilding & Marine Engineering Co Ltd (DSME) is in talks with a unit of A.P. Moller-Maersk for a potential order to build ultra-large container ships, a DSME spokesman said on Monday. DSME is close to winning an order for some 11 container ships of 20,000 TEU (20-foot equivalent units) from Maersk for about $151 million per vessel or more, South Korean newspaper Korea Economic Daily reported last week, citing unnamed shipbuilding industry sources and foreign media. British shipbroking house Clarkson also confirmed the deal, which is worth $1.66 billion in total. The ships would be delivered in 2017, Clarkson said in a shipping industry report on Friday. The spokesman for DSME declined to confirm or deny other details, adding that nothing has been decided.
Clarkson Asia Appoint Maher to Head Drybulk Operations
Shipping services provider, Clarksons, say they have appointed long time Asia expert, Jonny Maher, as Head of Dry Cargo for the Asia-Pacific. Based in Singapore, he will head up Clarksons' drybulk operations in the region. The move, they say, is a response to both Clarksons' growing presence in the region and the huge growth in clients now operating out of Singapore. Jonny was previously Head of Asia for Arrow Shipbroking and has lived in the region for 18 years, the last seven of which in Singapore and previously in Tokyo, Hong Kong and Shanghai.