rss icon Subscribe
desktop mobile

Braemar Mulls Shipbroking Opportunities

Pic:  Braemar Shipping Services

Shailaja A. Lakshmi

Shipbroking is set to have an interesting year of opportunities as the shipping industry prepares for the International Maritime Organisation's (IMO) low sulphur fuel regulations which become effective internationally on 1 January 2020.

The implementation of these regulations will have multiple effects but overall is expected to have a positive effect on freight markets, especially for tankers, said Ronald Series, Chairman of Braemar Shipping Services, provider of broking, financial, consultancy, technical and logistics services to the shipping, marine, energy and offshore industries.

"In addition, our investment in new talent, particularly in the dry cargo sector, is contributing well and adding to the breadth of our Shipbroking business," he said.

"It is an exciting time for Braemar, having reached a good solution for the majority of the Technical division. The Group is now well set to focus on our Shipbroking, Financial and Logistics businesses which have good prospects," Ronald said.

Meanwhile, Braemar Shipping Services reported 25% increase in underlying operating profit to £9.1m (2018: £7.3m) for the year ended 28 February 2019.

Good progress achieved with revenue from continuing operations increased by 14% to £117.9m (2018: £103.0m), it said.

May 20, 2019


Ship Sales

DM Shipping Sells MR Tanker

DM Shipping (DMS), joint venture company between Mitsubishi Group (40 pct) and d'Amico Tankers (51 pct), signed a memorandum of agreement for the sale of the MT High Efficiency

Diana Shipping Sells Thetis

Pic: Diana Shipping

Diana Shipping, through a separate wholly-owned subsidiary, has entered into a Memorandum of

Performance Shipping Buys Aframax Tankers

Pic: Performance Shipping Inc

The provider of shipping transportation services through its ownership of containerships


Meriaura Aims for Zero-Waste Fleet

Meriaura’s ’Lotta VG’ is loading glass cullet, i.e. crushed recycled glass in Naantali, Finland. Lotta VG brings the cargo to UK where the recycled glass is reused as raw material. Photo: Meriaura

Finnish family owned shipping company is taking steps to cut vessel emissions through the use of

Maritime Anti-Corruption Network Links to SDGs


The activities of Maritime Anti-Corruption Network (MACN)  align closely with the United Nations’

ICS Thrusts on CO2 Reduction

Photo: International Chamber of Shipping (ICS)

International Chamber of Shipping (ICS) plans to take concrete steps to support further CO2

Maritime Apps