Braemar Shipping completes ACM merger

Braemar Shipping Services 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 Braemar ACM Shipbroking to provide worldwide market coverage in these sectors as well as in the Offshore and Containers sectors.

Comments

James Kidwell, CEO of Braemar Shipping Services, commented: “I am delighted to welcome all ACM employees to Braemar Shipping Services Plc. Our merger is driven by the overall vision of Braemar Shipping Services as the most valued provider of services to the shipping and energy industries.

"This is a very exciting step forward for the Group and for Braemar ACM. We are creating a top class shipbroking business and we look forward to capitalising on the opportunities that arise from the increased reach and prominence of the business.”

Adapted from press release by Katie Woodward

Read the article online at: https://www.lngindustry.com/lng-shipping/29072014/braemar-shipping-completes-merger-with-acm-shipping-1091/