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Braemar at full tilt with better than expected trading

20 September 2007

Braemar Shipping Services today announced better than expected first-half trading activity, despite a weak US dollar. Profits for the period are expected to top last year’s £6.0 million.

Activity levels and revenues in shipbroking are well ahead of the first half of last year, the company reported. Of particular note are strong performances in newbuilding, offshore and dry cargo chartering where it has increased its presence and freight rates have been at record levels.

Braemar’s other business segments have also performed well with increased revenues in the first half.

Alan Marsh, Braemar’s chief executive, commented: “We have had a very strong performance across the business in the first half and the current strength of the major markets that we operate in and the continuation of recent high activity levels bodes well for the year as a whole.”






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