Chief executive James Kidwell will tell investors at the company’s annual general meeting that its first quarter performance was in line with expectations and the full-year outlook is favourable.
In a trading update today, Kidwell said Braemar ACM continues to reap the benefits of greater scale and a more cost efficient structure following a merger last summer.
“The tanker markets, which are the largest part of our Shipbroking business, have continued to experience high rates and activity supported by increased worldwide oil production and refining activity,” he wrote.
