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Braemar gets through 2020 on even keel

Bulk cargo demand and contango offsets tanker weakness
Braemar gets through 2020 on even keel
  • Shipping company's sales and earnings largely consistent with last year despite pandemic difficulties
  • Dividend returned at 5p per share after no final payout for 2020

The pandemic brought rough seas to all industries, but shipping hascome out of a tough crossing with its sails intact. For shipbroker Braemar (BMS), its position in both the oil tanker and bulk cargo markets has meant its 2021 results show a company able to manage in difficult conditions. 

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