Shipbrokers Braemar Shipping Services and ACM Shipping Group have agreed on a merger, according to the companies. The deal creates a major player with more than 1,000 employees in Europe, Asia, the United States, Africa, and the Middle East.
Braemar Group is a leading brokerage firm based in London. The company was created in 2001 after a merger between Seascope Shipping Limited, established in 1972, and Braemar Shipbrokers Limited from 1982. Today the company consists of four business areas; brokerage, technology, logistics, and environment. The company recently published its results for 2013, with a result before taxes of USD 15.1 million (GBP 9.0 million) and a revenue of USD 210.9 million (GBP 125.5 million).