Braemar Managing Director, Sheila McClain, Unveils Her Management Team

Sheila McClain, recently appointed Managing Director of Braemar Engineering, has unveiled the new management team that will spearhead the future strategic direction of Braemar Engineering. The team balances expertise, diversity, and continuity, and is fully representative of the depth and breadth of expertise that Braemar Engineering offers its customers worldwide.

Alex-HarsemaAndy-BrightConstantyn-GieskesKyle-Eddings
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Michael Holderness, Founder and Technical Director of Braemar Engineering Retires

Braemar Engineering announces the retirement of Michael Holderness, founder of Braemar Engineering (formerly Wavespec), at the end of April.

Since the establishment of  Wavespec in 1993, and through its acquisition by Seascope thence Braemar Shipping Services PLC in  2001, Mr Holderness, in the role of Technical Director, has been dedicated to leading the growth of the company’s reputation as the world’s leading consultant in the field of LNG, .  After more than twenty years in the role, Mr Holderness has made the decision that he has reached a natural break point and as such has decided to step down and begin a new chapter in his life.  Read more

BRAEMAR LNG BV AWARDS LICENCE FOR DESIGN AND CONSTRUCTION OF NEW FSP CONTAINMENT SYSTEM

Braemar LNG BV, the wholly owned subsidiary of Braemar Shipping Services PLC, has issued a sub-licence to FSP LNG BV for the design and construction of a new Flat-panel, Semi-membrane, Prismatic-shaped (FSP) containment system, under the terms of the licence it holds with General Dynamics NASSCO to utilise its patents in the design and construction of FSP LNG containment systems.

FSP technology has been developed for marine LNG transport and can also be used in a wide range of applications, including Floating Liquefaction (FLNG), Floating Storage Units (FSU), Floating Storage Regasification Units (FSRU) and LNG marine fuel tanks.

The FSP system – a new Type B, LNG containment system – uses flat plate technology to overcome the issues associated with partial filling and sloshing.

It is designed to be constructed, outfitted, insulated and tested off-hull and lifted as a complete unit into the vessel while the vessel is still in the construction dock. This onshore construction process results in a significant reduction in vessel construction time, while maintaining the highest standards of construction quality.

FSP LNG BV is a joint venture company formed by Braemar, EnTX Tekmar, LLC and Jamestown Metal Marine Sales, Inc. The joint venture partners will, through Tank Tek, LLC and Hong Kong Tank Tek Limited, take the FSP LNG containment system through the general approval requirements of the American Bureau of Shipping (ABS) and bring it to market.

Explains Geoff Green, Managing Director of Braemar Engineering, who has played a leading role in bringing the joint venture together: “I am delighted to have helped bring this team together. All aspects of the approval, testing and complete construction of the first commercial FSP Containment System are underway. This is the next important step on the road to bringing the FSP technology to market, and we are excited with the progress that we are making.”

Approval in Principle was obtained from both Lloyds Register (LR) and the American Bureau of Shipping (ABS).

Braemar Engineering in Tie Up with Nigeria LNG

Braemar Engineering, the specialist maritime engineering consultancy, is delighted to announce that it has been appointed to act as Shipping Consultants to Bonny Gas Transport, the wholly owned subsidiary of Nigeria LNG (NLNG) responsible for the transport of NLNG’s output over the Atlantic to Europe and the Americas.

Braemar Engineering will oversee the building of six LNG carriers, from design to delivery, with completion of the project anticipated at the end of 2016.

Steel cutting on the first of the project’s LNG carriers took place on April 25 at Samsung’s Geoje shipyard in South Korea. Four of the vessels are being built by Samsung and two by Hyundai.

This consultancy project heralds a genuine partnership approach within the field of carrier design, construction and operation. Seven trainees from Nigeria were employed by Braemar Engineering early this year to take part in the programme. Reporting to the new Project Liaison officer, the highly qualified graduates work both in Braemar’s head office and in various site positions developing their specialist knowledge.
Geoff Green, CEO of Braemar Engineering, heading up the initiative says: “The inception of this project began nearly 12 months ago, and we are pleased to now be in a position to make details known to the marketplace. This project is the fusion of Braemar Engineering’s expertise in the LNG sector with Nigeria LNG’s core values of integrity, teamwork, excellence and caring for people, to create a long term partnership offering benefits to both the industry and to the Nigerian community.

“The future of our industry depends on the quality of the people working within it, and we are committed to developing the skills of young talented individuals who will become the next generation of marine engineering specialists,” he concludes.

—ends—

The Braemar Houston team will be exhibiting on Booth 8746 at the Offshore Technology Conference in Houston, 5-8 May 2014, and look forward to meeting with journalists to talk more about the development of this important new project.

Braemar Engineering Secures World’s Largest LNG Floating Production (FLNG) Project

Braemar Engineering, the well-known marine and LNG technical consultancy arm of the Braemar Shipping Services PLC group, is delighted to announce it has been appointed as Owner’s Engineers for United LNG, LP in the world’s largest floating LNG production project.

The project, situated offshore near Venice, Louisiana in the Gulf of Mexico, will be the world’s largest floating LNG export project, with three floating liquefaction units projected to export up to 24 million metric tonnes per annum (MTPA) of LNG, commencing in spring 2018.

“With decades of LNG experience, we are proud to be working with a world class organization like Braemar Engineering,” said Stephen Payne, Chairman of United LNG.

“This is a very exciting opportunity for us,” says Sheila McClain, Vice President of Business Development for Braemar in Houston. “Braemar Engineering is one of the most experienced consulting engineering firms in the LNG industry, offering services to support the entire LNG chain, and the level of expertise and experience we will be able to contribute to this project is unique. Braemar Engineering brings both floating LNG experience and shore based production experience – a combination of skills which really counts in this rapidly developing field.”

The project includes modification of existing offshore structures, construction of new facilities, construction, installation, and operation of floating liquefaction storage vessels to be used for the on-site liquefaction and exportation of LNG from offshore Louisiana in the Gulf of Mexico.

Braemar LNG Brings Its Expertise to China

As the demand for LNG grows, the Chinese Government has recognised that in expanding its LNG capabilities, it must build-up the skill set of its maritime professionals in this vital sector. A new course created by Braemar Engineering aims to support this growing demand for LNG expertise in China and increase understanding of STCW amendments concerning operation and management regulations for liquefied vessels.

Developed in conjunction with the Cambridge Academy of Transport and Shanghai Maritime University, the first Training Course for LNG Ship Operations and Management was run from 14th to 18th October at Shanghai Maritime University. It offered a practical introduction to LNG, and focused on a wide range of elements including key operations of main propulsion of LNG carriers; key operations in the process of loading and discharging cargos of LNG carriers; and the key points of Flag State Control, Port State Control and industrial inspections for LNG Carriers.

Michael R. Holderness, Technical Director, Braemar Engineering, who helped devise the seminar and acted as trainer on the course, said the Braemar Engineering team boasts a broad practical background in many different facets of LNG.
“We’ve been involved in building LNG ships for years, and have also been advising Chinese companies about LNG for quite some time. We have placed experts in shipyards and provided specialist teams – we have supplied expertise and I, along with many of my colleagues, have supported large Chinese companies to ensure the success of LNG projects,” he said.

“The Chinese Government realises LNG is a good source of energy, but it must expand in this sector, explained Mr Holderness.” A real positive of the course is we are sharing over 20 years of experience in LNG – I believe that if you’ve done it and seen it yourself, then you can instil confidence in others and this is important.”

Mr Holderness, who is a Chartered Engineer and a Fellow of the Institute of Marine Engineering, Science and Technology, will be supported on the course by fellow Key Instructor Jayan Peter Pillai, experienced Chief Engineer and now Braemar Training Officer.

The course is targeted at maritime safety administration officials, senior ship officers, senior managers of shipping companies and instructors from maritime colleges and universities. Further dates are planned for the future.

Braemar Engineering Announces New One Stop Shop for LNG Fuelling

Braemar Engineering, the marine engineering consultancy arm within the Braemar Shipping Services Group, has launched a new venture which recognises the growing importance of LNG as a global maritime fuel source.

It will be taking its experience and skills in dynamic positioning (DP), LNG in the marine environment, and LNG supply, and applying them to a new operation that will advise on every aspect of the use of LNG as a fuel source in the offshore sector.

“This venture is a logical extension for us,” says Geoff Green, Managing Director of Braemar Engineering (formerly Wavespec). “We have unparalleled expertise in the use of LNG as fuel in the marine environment and the marine transportation and storage of LNG. Braemar Engineering has been involved in projects which have delivered more than 100 LNG fuelled vessels in the last 10 years, and we are one of only a handful of companies with the capability to carry out an LNG fuel supply FMEA (Failure Modes and Effects Analysis). This involves a systematic analysis of these complex systems to identify potential design and process failures before they occur and we then use our specialist knowledge to minimise the risk of failure.”

Braemar Engineering’s shore-based LNG group supports the entire LNG supply chain from natural gas pipeline supply through to pre-treatment and LNG liquefaction; LNG transportation by land or sea; LNG receiving; and regasification ready for end use at the burner tip. Its project services cover all aspects of the process, from conceptual siting/feasibility studies, code compliance and permitting through to design, front-end engineering and design (FEED), construction oversight, commissioning and right through to start-up.

The new venture, headed up by Sheila McClain, VP Business Development, is based in Houston Texas and will begin focusing on operations in the Gulf of Mexico, but according to Ms McClain, opportunities exist in the offshore sector in other areas around the world. “We believe that Braemar Engineering is the only company offering a full range of LNG fuelling services from pipeline to combustion,” she explains. “We have developed this project team in response to demands from our customers and look to build a reputation as the ‘one stop shop’ in LNG as fuel in the maritime industry.”

Braemar Engineering has earned a reputation for unrivalled expertise in DP Systems, DP Audits, DP FMEAs and DP FMEA Management.

Braemar to Market LNG Containment System Developed by General Dynamics NASSCO

Braemar Technical Services has signed a Memorandum of Understanding (MOU) with General Dynamics NASSCO to market a new, flat plate technology, LNG Containment System developed by General Dynamics.

The new containment system is a Type B tank designed to overcome the issues associated with partial filling and sloshing.

The system is built off hull and allows significant reductions in LNG carrier build time. The system is fully scalable and as such will be developed for all LNG markets including small scale units, LNG bunker vessels, LNG FPSOs, LNG FSRU and LNG FSU, barges and small scale land-based tanks.

According to Kevin Graney, General Dynamics NASSCO’s Vice President of Programs, “Our technology is designed to address several operational and shipbuilding constraints of existing LNG tank technologies while further enabling the use of LNG as a clean, sustainable energy source.”

Geoff Green of Braemar Technical Services stated, “It is clear that this new technology can play a major role in the development of LNG transportation and storage in the future and we are delighted to be working with General Dynamics NASSCO.”

Approval in Principle has been obtained from both Lloyds Register (LR) and the American Bureau of Shipping (ABS).

BRAEMAR SHIPPING SERVICES PLC LAUNCHES BRAEMAR MARINE

Braemar Shipping Services plc has launched a new subsidiary called Braemar Marine, which will provide diverse marine surveying and adjusting services to the global maritime, transportation risk and insurance markets. 

Braemar Marine commenced operations on August 1st, 2009 from its headquarters in Atlanta, Georgia, USA, and has established offices in Los Angeles, Houston, Miami, Seattle and London to enhance existing group marine surveying and adjusting capabilities in Latin America, Australasia and the Far Fast. The operation is led by John Tirel, Executive Vice President, with the assistance of Chris Lunda, Vice President of Global Development. Both John and Chris are based in Atlanta. John Cole is Director of the London office. 

“This is indeed a unique opportunity to deliver high quality services to the market, having learnt from many years of experience; to put clients first, listen to them and to ultimately produce the sound solutions they need,” said John Tirel. 

“To achieve these goals and to ensure the objectives we have adhered to, Braemar Marine will only employ the highest calibre of surveyor and adjuster,” he added. 

Braemar Marine’s core services will be:

  • Marine cargo surveys and adjustment
  • Project cargo pre-shipment surveys
  • Loss control management
  • H & M surveys and adjustment
  • P & I representation
  • Third Party Claims Administration services
  • Subrogation and Recovery

 Nigel Carpenter, Chief Executive Officer of Braemar Marine and CEO of fellow Braemar Shipping Services Group company Braemar Steege, said: “Due to the similarity of services, Braemar Marine is a perfect fit with our other marine and energy operations. The Braemar Group’s desire is to provide clients with comprehensive quality services. Braemar Marine has been staffed by high class professionals with a wealth of experience and records of success in the marine sector”

Ends

For more information please contact:                       

John Tirel:    Tel +1 770 392 8870; Mobile +1 678 662 2929; Email john.tirel@braemarmarine.com

Chris Lunda:  Tel +1 770 392 8873; Mobile +1678 662 2520; Email chris.lunda@braemarmarine.com 

Nigel Carpenter:  Tel +44 (0)207 265 1566; Mobile  +44 (0)7785 541 235; Email nigel.carpenter@braemarsteege.com

John Cole:  Tel +44 (0)207 265 1818; Mobile +44 (0)750 083 9171; Email john.cole@braemarmarine.com 

Elaborate Communications:
Sean Moloney/Debbie Munford:      Tel +44 (0) 1296 682124; Mobile +44 (0)7711142439; Email: smoloney@elabor8.co.uk

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Wavespec Offers Improved Dynamic Positioning Services

[download id=”72″]Wavespec is expanding its capability to deliver its range of products available to the worldwide offshore industry, particularly to dynamic positioning (DP) vessels, through a managerial restructure and expansion to its global office network.

Wavespec, a leading provider of marine engineering services, has made important changes to its management team, through the promotion of two of its experienced senior engineers. Andy Bright has become Manager, Marine Projects and Ted Brooking has been appointed as Manager, Offshore and DP.

Wavespec, which is part of the Braemar Shipping Services Plc group of companies, is now able to offer these and other offshore related services through its recently established Houston office.

The company has a wealth of experience in carrying out DP audits and failure mode and effect analysis (FMEA) studies on all kinds of offshore vessel, from offshore supply vessels and anchor handlers, to the most sophisticated deepwater drilling ships and accommodation vessels. These latest moves further augment Wavespec’s service delivery to its expanding global market.

Geoff Green, Managing Director of Wavespec, said: “These changes will permit a faster and more cost effective solution to benefit DP vessel owners and charterers worldwide at the point of contact, and not just through our UK head office. The addition of Andy and Ted to our engineering management team will enhance our ability to deliver the high quality services that our customers have come to expect.”

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Newbuilding sales fail to set price benchmark (Lloyd’s List, 7th July 2009)

Brokers say new orders do not accurately reflectmarket values, with yard prices expected to fall later this year Tom Leander and Mike Grinter

ASIAN brokers and a shipowner agree that a realistic benchmark price for newbuildings remains as elusive as ever, despite a flurry of orders and resales over the last month.

The shipyards’ orders probably filled slots left by cancelled vessels, rather than added to their orderbook. But nevertheless, there is keen interest in the new price levels, to measure the extent of any fall since the global economic collapse stalled ordering last September.

However, one Shanghai broker said the levels seen may not paint an accurate or representative picture of the market, because of the complex nature of the deals.

He cited the recent Grand China Logistics deal with Zhoushan Jinhaiwai to buy 30 bulkers for $2bn.

Grand China is also buying approximately 50% of the shipyard and “receiving

18 capesizes and 12 kamsarmaxes for its trouble”, said the broker.

He added that the Grand China price probably equated to $40m more than expected, given today’s market price and the cost of construction, which he put at $60m for a capesize and $40m for a kamsarmax.

He was not willing to speculate why Grand China would pay $40m over the odds but rumours that the company may gain a controlling stake of 51% suggested a bailout at the yard.

The Shanghai broker also believed that there was also more than meets the eye in Oman Shipping’s recent $484m order for four very large ore carriers at Chinese yard Jiangsu Rongsheng.

“The price of about $120m per VLOC is said to reflect a discount on last year’s prices of 10%,” he said. “That would imply that the market could support deals of $130m or more. I doubt this is a realistic assessment of the true value.”

It is understood that Oman is taking over four of the 12 VLOCs ordered last July at the yard by Brazilian miner Vale. In turn Vale will lease the vessels from Oman Shipping via a long-term time charter or contract of affreightment.

In the resale market, prices again do not seem to be matching brokers’ expectations.

In a landmark deal, Greece’s Navios Maritime Holdings contracted to buy four capesize vessels sold on by Alba Maritime to Sungdong Shipbuilding of South Korea.

A Hong Kong broker said that price of $81.3m each was perceived to be well over the market price of $60m, despite the vessels having charter parties attached.

The practice of switching orders also continues, with agreed prices adding to the emerging picture for newbuilding benchmarks.

Belgian shipowner Delphis Container Lines last week asked South Korea’s Hanjin Heavy Industries and Construction to change a July 2007 order for four 2,300 teu containerships to three capesize vessels. At $75m each the price is still considerably higher than the $60m-$65m that brokers suggest is a clearer reflection of the market.

But South Korean yards are maintaining what some owners maintain is an inflexible stance on cancellation requests.

One spokesman claimed that with a three-year orderbook their yard was not yet prepared to stoop to owners’ demands.

“There continues to be an unbridgeable gap between what owners are suggesting and we are prepared to offer,” he said. “I doubt that many of the enquiries we are receiving are genuinely serious.”

But some suspect that the resolve of South Korean shipyards is unlikely to outlast the second half of 2009.

Quentin Soanes, executive director of Braemar Seascope, a London broker, said that cash shortages in many yards would drive down prices in the second half of the year – when he expected to see more deals.

“The yards have been cost cutting, and we haven’t seen this reflected in the pricing yet,” Mr Soanes said.

Such a view is endorsed by the director of Singapore’s Pacific Carriers, Keith Denholm, who said that he was sceptical that anything resembling a decisive trigger in the market has yet been pulled.

“I’ve believed for a long time that pricing on newbuildings on panamaxes will eventually return to levels seen in 2000 – around $20m,” he said.

He added that a handful of new deals at discounts of 10% to levels seen one year ago still reflect a market that has not felt the full pinch of reality. 

Instead, he argues that cancellations might appear to be affecting the market but he claims to know for a fact that the assets are still being built.

“With government help they will most likely be sold to national carriers at greatly reduced prices,” he said. “The next stage of the newbuildings pricing meltdown is yet to happen.”

Wavespec opens US office

Wavespec, a leading provider of technical consultancy services to the maritime sector, will formally open a U.S. office in Houston, Texas tomorrow.

Braemar Wavespec USA Inc will initially focus on LNG terminal work, Federal Energy Regulatory Commission (FERC) approval assessments, LNG regasification and storage, floating LNG production and LNG pipeline and peak shaving projects. Future plans include the expansion of current offshore dynamic positioning and failure mode effect analysis services.

The Houston office will begin work on Wednesday July 1st and Braemar Shipping Services plc Chief Executive Alan Marsh will be on hand to see the U.S. team in action.

Wavespec is part of the Braemar Shipping Services Plc group of companies and provides specialist design, engineering and surveying services to the LNG sector, oil majors, ship owners, ship yards and the offshore sector. It is staffed by a highly committed professional team of marine engineers, naval architects and specialists in cargo systems and dynamic positioning. Wavespec’s UK offices are near Maldon, Essex.

Geoff Green, Managing Director of Wavespec, said: “Opening a U.S. office will enable us, working with BS Energy Services, to give the group a complete LNG supply chain capability.”

He continued: “We have chosen Houston for our U.S. office because it is the centre of the oil and gas industry in the States, as well as the offshore industry, and we believe this excellent location will allow us to develop in many different directions. We consider that the new office gives the group a unique position in the market.”

BDI no longer a barometer of global economy (Lloyd’s List July 1)

 THE correlation between the Baltic Dry Index and the outlook for the world economy has been broken and is unlikely to return over the next 18 months, writes Marcus Hand in Singapore .

Braemar Seascope research director Peter Malpas said that a year ago, the correlation between the movement of the BDI and the direction of the global economy was “exceptionally high”.

“The BDI was acting as the best leading indicator [of the economy] we had,” he said. This was due to a stable dry bulk fleet, which meant movements to freight rates simply reflected increasing commodities demand on a global basis.

However, the recent mini-boom in dry bulk shipping has resulted in this correlation being lost. Increases in the dry bulk market in no way reflected the health of the global economy at large, Mr Malpas said.

In January this year the Baltic Exchange’s capesize average time charter rate was just over $11,000 per day, compared to around $80,000 per day now.

The jump in capesize represents close to a 800% increase, a rate not reflected in global economic data.

The rise in the dry bulk market has been driven by Chinese import substitution for iron ore and, to a lesser extent, for coking coal. “This does not mean that total consumption has gone up,” Mr Malpas said. “It is a change in the structure of global commodity trading patterns.”

The BDI is not expected to return as a leading economic indicator in the near future. “We believe the correlation will not exist in 2010. It will be affected by the oversupply of ships. You could well see a lot of pressure on rates [next year] due to supply issues,” he said. This would put sharp downwards pressure on the BDI at time when many forecast the global economy should be starting to recover.

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Wavespec Opens U.S. Office

Wavespec, a leading provider of technical consultancy services to the maritime sector, will formally open a U.S. office in Houston, Texas tomorrow.

Braemar Wavespec USA Inc will initially focus on LNG terminal work, Federal Energy Regulatory Commission (FERC) approval assessments, LNG regasification and storage, floating LNG production and LNG pipeline and peak shaving projects. Future plans include the expansion of current offshore dynamic positioning and failure mode effect analysis services.

The Houston office will begin work on Wednesday July 1st and Braemar Shipping Services plc Chief Executive Alan Marsh will be on hand to see the U.S. team in action.

Wavespec is part of the Braemar Shipping Services Plc group of companies and provides specialist design, engineering and surveying services to the LNG sector, oil majors, ship owners, ship yards and the offshore sector. It is staffed by a highly committed professional team of marine engineers, naval architects and specialists in cargo systems and dynamic positioning. Wavespec’s UK offices are near Maldon, Essex.

Geoff Green, Managing Director of Wavespec, said: “Opening a U.S. office will enable us, working with BS Energy Services, to give the group a complete LNG supply chain capability.” He continued: “We have chosen Houston for our U.S. office because it is the centre of the oil and gas industry in the States, as well as the offshore industry, and we believe this excellent location will allow us to develop in many different directions. We consider that the new office gives the group a unique position in the market.”

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Ships sail towards scrapheap

More ships have been scrapped so far this year than in the whole of 2008 as owners decide to cash in on their ageing fleets rather than have them sit unused amid the slowdown in global trade brought on by the recession.

 Ship owners who had been receiving hundreds of thousands of dollars a day for their vessels are now having to accept a fraction of that, often not enough to make it worthwhile running the ship, especially given that they can get $200 a tonne for the scrap metal.

 “For container ships, there’s no employment – or what owners do get is less than it costs to run,” Quentin Soanes, director of Braemar Shipping Services, a ship broker, said. “If an owner … can’t afford to lay off a ship, [he] turns to demolition.”

 Almost every part of a ship can be recycled, with equipment often resold and the steel used in construction.

Mr Soanes said that scrapping started to pick up in November last year and that the first three months of 2009 were extremely busy.   

Tom Peter Blankestijn, who looks after ship recycling for A.P. Moller Maersk, said that he expected to scrap more than 20 ships this year, compared with 27 over the past eight years.

Braemar AGM Statement June 24

BRAEMAR SHIPPING SERVICES PLC

(“Braemar” or “the Group”) 

24 June 2009 

Interim Management Statement 

Braemar Shipping Services plc is today issuing its Interim Management Statement in relation to the period since the 12 months ending 28 February 2009.  

 

Business Update

At the Braemar Shipping Services plc Annual General Meeting held today, Alan Marsh, the Group chief executive, provided the following update on the Group’s trading after the first quarter of the new financial year.

 

The dry bulk market, and in particular the Capesize sector has recovered well in the last month driven mainly by renewed Chinese demand for raw materials.  The Baltic Dry Index is currently close to 4,000 compared with 1,986 at the beginning of our financial year. Braemar has also benefited from a high level of sale and purchase activity especially for bulk carriers while the Group’s demolition business has continued to grow with increased scrapping of older ships, particularly in the container and tanker sectors. The deep-sea tanker market rates have weakened due to the impact of newbuilding deliveries, but the Group’s transaction numbers remain good. The other shipbroking desks have performed as expected.

 

The Technical division has begun the year strongly. All offices around the world are enjoying increased demand for their services.  The Logistics and Environmental divisions are also performing well.

 

The performance for the first half of this financial year is likely to be similar to that achieved in the second half of the last financial year and overall the Board remains confident of a satisfactory outcome for the year as a whole.

 

Ends

 


For further information, contact:

 Braemar Shipping Services plc

 

     Alan Marsh Tel +44 (0) 20 7535 2650
     James Kidwell Tel +44 (0) 20 7535 2881 
Pelham

 

     Damian BeeleyZoe Pocock Tel +44 (0) 20 7337 1508Tel +44 (0) 20 7337 1532

 

Elaborate Communications

 

     Sean Moloney Tel +44 (0) 1296 682356 
Charles Stanley Securities

 

     Philip Davies Tel +44 (0) 20 7149 6457

 

Notes to Editors 
Braemar Shipping Services plc is a leading international provider of broking, consultancy, technical and other services to the shipping, marine and energy industries.
Braemar is listed on the Official List of the London Stock Exchange in the Industrial Transportation sector.

Recent Acquisitions

2008 – Braemar Steege, a specialist loss adjuster to the oil and gas industry.

2007 – Braemar Falconer, provides specialised marine and offshore services. Fred. Olsen Freight, freight forwarding and liner agency.

Principal businesses:
The Group is divided into four businesses: Shipbroking, Technical, Logistics, and Environmental. This growth has been both organic and by acquisition.

Shipbroking

Braemar Seascope provides specialized shipbroking and consultancy services to international clients. The services include: chartering tankers (including gas, chemicals and LNG), dry cargo, containers, offshore vessels, second hand sale and purchase, newbuilding, demolition, and research. It has offices in the UK, China, Australia, India, Singapore and Italy.

www.braemarplc.com
Technical 
Braemar Steege provides specialist loss adjusting and other expert services to the energy (oil and gas), marine, power and other related industrial sectors. It has offices in London, Houston, Miami, Singapore, Calgary and Mexico City.
www.braemarsteege.com
Braemar Falconer provides specialised surveying and engineering services to the marine and offshore sectors. It has offices at the following locations: Australia, China, India, Indonesia, Malaysia, Singapore, Vietnam and the UK.
www.braemarfalconer.com
Wavespec provides marine engineering, newbuilding supervision and naval architecture services on a consultancy basis to the shipping and offshore markets.
www.wavespec.com
Logistics
Cory Brothers Shipping Agency provides port agency, freight forwarding and logistics services within the UK and Singapore.
www.cory.co.uk
Environmental 
Braemar Howells provides pollution response and advisory services, primarily in the UK for marine, tank storage and rail operations and is now developing an international presence.
www.braemarhowells.com
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