Seascope Shipping Holdings PLC
24 January 2001
Leading London-based shipbrokers and oil brokerage house
form Freight Forwards
Braemar Tankers Ltd., Galbraith's Ltd., E.A. Gibson
Shipbrokers Ltd., PVM Oil Associates Ltd. and Seascope
Shipping Ltd. have formed 'Global Freight Forwards Limited'.
The company has been created initially to broker forward
freight swaps for the tanker market segment in key trade
routes.
Contracts have been devised to meet multi-client needs and
in response to Owners' and Charterers' requirements for
freight protection without taking physical delivery.
Global Freight Forwards Limited will be supported by four of
the leading London based shipbrokers with a global client
base together with PVM Oil Associates, the foremost oil
brokerage house, which brings its years of experience of
screen and paper oil markets.
The company will be based in London and expects to commence
transacting business in March 2001.
For further information, please contact:
Jon Deakin Galbraith's 44 (0) 20 7378 6361
Iain Shaw Seascope 44 (0) 20 7903 2600
David Hufton PVM 44 (0) 20 7355 4400
Alf Miller Braemar 44 (0) 20 7535 2626
Malcolm Dunks Gibson 44 (0) 20 7667 1000