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IN BRIEF: Braemar Shipping narrows strategic focus to shipbroking

ALN

Braemar Shipping Services PLC - London-based shipbroker - Launches new and streamlined corporate strategy focused on shipbroking and corporate finance, following the sale of all its non-core assets and company reorganisation.

To help with this, the company has launched a single brand identity to support its strategy.

‘The shipbroking division was always Braemar's driving force, and my vision for the company since day one was to take the business back to its basics. Our expertise is shipbroking and corporate finance, and we're going to stick to what we know because that's where we provide the most value to our clients,’ says Chief Executive Officer James Gundy.

Current stock price: 280.00 pence

12-month change: down 6.4%

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