Braemar Shipping Acquires Falconer Bryan Group

Maritime Activity Reports, Inc.

July 9, 2007

The Board of Braemar Shipping Services announced the acquisition of Falconer Bryan Pte Limited. Falconer Bryan provides a range of Survey, Engineering and Loss Adjusting services to the Marine and Energy Industries, including Loss Prevention surveys such as, towage and transport approvals, location approvals and location moves for mobile offshore drilling units, associated naval architectural/structural engineering support and energy loss adjusting investigation services resulting from an insurable incident. The firm is headquartered in Singapore and operates throughout the Far East from offices in Indonesia, Malaysia, Vietnam, China, India and Australia and employs 90 full time staff the majority of whom are either Class 1 Mariners/Engineers, Structural Engineers, Naval Architects or Loss Adjusters.
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