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Braemar ACM can save more than expected

The creation of the new, big shipbroking firm Braemar ACM paves the way for even bigger efficiencies and savings, according to the company's interim report for the first six months.

Photo: OW Bunker

After the merger between the two shipbroking firms Braemar and ACM was completed and finalized in July of this year, the first half-year report shows that the merger of the two London-based brokers came at a cost, though the report also indicates that there are bigger efficiencies in store than originally expected.

Braemar ACM, now the second-largest brokerage house in London after Clarkson, spent around GBP 3.0 million on the merger, a fact that took a similar toll on the final result, which - before taxes - just barely stayed in the black.

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