A new major player has been born in the brokerage business as the merger between Braemar Seascope and ACM has been completed. The new company goes by the name Braemar ACM Shipbroking, says Braemar in a statement. Braemar announced the merger back in May, a move that creates a company with more than 1,000 employees in Europe, Asia, the US, Africa and the Middle East.
Braemar Shipping Services CEO James Kidwell looks forward to welcoming the new employees:
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In the drama surrounding the merger between tanker majors Euronav and Frontline, one of the arguments from Euronav’s biggest shareholder, the Saverys family, is that the merger will pull Euronav in the wrong direction on the green agenda. Euronav tells ShippingWatch that the company rejects this criticism.