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Braemar merges with ACM

Brokerage firms Braemar Shipping Services and ACM Shipping Group have reached an agreement to merge the two companies. The new company will have more than 1,000 employees.

Photo: OW Bunker

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).

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