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Braemar improves result after merger

British broker firm Braemar Shipping Services increased revenue as well as profits following the merger with ACM Shipping Group in the fall.

Photo: Star Bulk

Braemar Shipping Services, a broker firm working in shipping, offshore and the oil and gas industry, has benefited from the merger with ACM Shipping Group that was settled in the fall of 2014.

This is evident from the company's annual report for the fiscal year ending February 28th. Braemar Shipping Services revenue grew 16 percent, to GBP 145.8 million in 2014/2015 compared to the year before. Earnings increased 21 percent in the same period, to GBP 11.3 million.

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