- Profit upgrade helped along by US dollar strength
- Conditions in global shipbroking generally favourable
Braemar Shipping’s (BMS) full-year results have been a long time in the making. Delays to the publication schedule, together with a raft of restatements, came about due to analysis of the historical accounting linked to the acquisition of Germany ship finance firm Naves in 2017. The review also extended to the classification of certain reserves on Braemar’s balance sheet.