Business
Rebranding of Engineering Division
Rebranding of Engineering Division.
About this update from Braemar Plc
[{"type":"text","content":"\n \nRNS Number : 3829J Braemar Shipping Services PLC 19 August 2019 \n\n \n \n \n19 August 2019\n \nBRAEMAR SHIPPING SERVICES PLC\n(\"Braemar\", the \"Company\" or the \"Group\")\nRebranding of Engineering Division\nWelcome Back \"Braemar Wavespec\"\n \nBraemar Shipping Services plc (LSE:BMS), a leading international provider of shipbroking, financial advisory, logistics and engineering services principally to the shipping and energy industries, is pleased to announce that its Engineering Division has been rebranded as \"Braemar Wavespec\". \nThe rebranding of this division follows Braemar's recent divestment of three of its four technical business lines (Offshore, Adjusting and Marine) through the creation of AqualisBraemar ASA. Braemar's Engineering Division, which remains with Braemar, has reverted to its roots with the \"Braemar Wavespec\" brand. \nWavespec, founded in 1993 and acquired by Braemar in 1997, is renowned throughout the shipping industry for providing technical consultancy and Owner's Engineering services to the Oil and Gas shipping and terminal industries, particularly in Liquefied Natural Gas (LNG). It traded as Wavespec until 2012, when Braemar's technical business units were integrated under the Braemar umbrella and later rebranded as Braemar Technical Services.\nSheila McClain, Managing Director of Braemar Wavespec, commented: \"We are excited to officially bring back \"Wavespec\" to our brand. Industry veterans will remember the Wavespec name from our involvement in pioneering LNG projects from the first FSRUs and Q-Flex/Q-Max ships to the multiple Owner's Engineer roles on existing and projected onshore facility projects. We have several exciting projects underway so they can look forward to seeing the Wavespec brand leading the way again.\" \nBraemar is a leading international provider of knowledge and skills-based services to the shipping, marine, energy, and offshore industries. Braemar's four specialist operating divisions, Shipbroking, Financial, Engineering and Logistics work together to provide both the global reach and local knowledge for a best-in-class service offering. Its divisions work together to offer a full range of complementary skills whenever and wherever its clients need them.\nBraemar Wavespec provides adv...