The restructured financial advisory division of UK shipbroker Braemar Shipping Services is being tipped for a strong year as German activity increases.
Braemar Naves is based in Hamburg, with secondary operations in London and Singapore.
Underlying operating profit was marginally lower at £1m ($1.4m) in the year to 28 February due to an increase in bad debt provisions.
But the company has now been integrated into Braemar's shipbroking division and more than €2.9m
