“I hate it as a human being. It is the last thing we wanted to do but in the circumstances it was unavoidable.”

The price of the Braemar – ACM shipbroking merger gives no joy to Johnny Plumbe.

(Braemar ACM cuts 13 from staff as merger finalised)

“We expect the MLP-isation of the marine universe to continue in 2014, with multiple new entrants from the offshore and LNG spaces expected over the next 12 months, in addition to non-traditional classes like tankers and containerships, potentially moving the group closer to 12 to 14 members [from nine today].”

Michael