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Braemar navigates choppy waters

Braemar navigates choppy waters

Neither Braemar Shipping Services (BMS) nor its seaborne customers can control the dark waters beneath their hulls. Amid depressed freight rates and a slowly recovering bulk market, the London-based firm has witnessed both top and bottom line erosion in recent years. Given these unfavourable tides – and the spectre of a trade war – one might question whether the ship-broking model is structurally sound below the waterline.

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