Business
AGM and Interim Management St
AGM and Interim Management St.
About this update from Braemar Plc
[{"type":"text","content":"\n RNS Number : 1097O Braemar Shipping Services PLC 23 June 2010 \n \n\n \n \nBRAEMAR SHIPPING SERVICES PLC\n \n(\"Braemar\" or \"the Group\")\n \n \nInterim Management Statement\n \nBraemar Shipping Services plc is today issuing its Interim Management Statement covering the first quarter of the financial year beginning 1 March 2010. \n \nAt 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. \n \nThe results for the first quarter are in line with our expectations and ahead of the same period last year. \n \nOur shipbroking division has started positively. Market activity and transaction volumes have both been pleasing. The dry bulk chartering market performed steadily in the first quarter driven by the continuing growth in demand for raw materials, particularly from the Far East. Over the same period, tanker market rates were mostly strong and we were able to conclude a good level of business. Sale and purchase deal flow has been maintained and the forward order book remains at a healthy level. The other shipbroking desks have performed well, particularly containers and offshore.\n \nOur Technical, Logistics and Environmental divisions have all got off to a good start to the year in line with management's expectations.\n \nOverall the Board remains confident of a satisfactory outcome for the year as a whole.\n \nEnds\n \nFor further information, contact:\n\n\n\n\n \nBraemar Shipping Services plc\n\n\n\n\n\n\n\n Alan Marsh\n\n\nTel +44 (0) 20 7535 2650\n\n\n\n\n James Kidwell\n\n\nTel +44 (0) 20 7535 2881\n \n\n\n\n\nPelham Bell Pottinger\n\n\n\n\n\n\n\n Damian Beeley\nZoe Pocock\n\n\nTel +44 (0) 20 7861 3139\nTel +44 (0) 20 7861 3961\n \n\n\n\n\nElaborate Communications\n\n\n\n\n\n\n\n Sean Moloney\n\n\nTel +44 (0) 1296 682356\n \n\n\n\n\nCharles Stanley Securities\n\n\n\n\n\n\n\n Mark Taylor\n\n\nTel +44 (0) 20 7149 6457\n\n\n\n\n \nNotes to Editors \nBraemar Shipping Services plc is a leading international provider of broking, consultancy, technical an...