Business
Braemar Acquires Leading US Shipbroker
Braemar Acquires Leading US Shipbroker.
About this update from Braemar Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n \n \n \n \n \n 19 December 2022\n \n \n \n \n \n \n \n \n \n BRAEMAR\n \n \n \n \n \n PLC\n \n \n \n (\"Braemar\" or the \"Group\")\n \n \n \n \n \n \n Braemar strategically acquires leading US shipbroker\n \n \n \n \n \n \n \n \n Braemar Plc (LSE: BMS), a leading international shipbroker and provider of expert investment, chartering, and risk management advice to the shipping and energy markets, is pleased to announce the strategic acquisition of Southport Maritime Inc. (\"Southport\") in the USA.\n \n Enhancing the Group's coverage in the Americas has been an important strategic goal of Braemar since the board launched its growth agenda in November 2021. Southport is one of the highest volume US-based shipbroking tanker companies. They are recognised as a leader for crude and refined products in the North American export market, as well as in the Latin American and Caribbean markets. \n \n With a particular focus on spot tanker fixtures, Southport's 18-strong team has a reputation for high performance within the industry. Since it was founded, Southport has enabled its clients to transport billions of barrels of liquid petroleum and oil products worldwide, helping them to benefit from both short-term volatility and long-term industry trends.\n \n The Southport team complements Braemar's existing Tanker desks in London, Singapore, Madrid, Houston, and Geneva, as well as significantly enhancing Braemar's presence in the Americas.\n \n Braemar's new offices in West Palm Beach and Winter Park Florida, will continue to be led by Michael Corey and Peter Tornaben from Southport. The new offices augment the Group's existing regional coverage in Houston and Sao Paulo, and these combined locations provide the ideal platform for the Group to penetrate the North and South American ...