11/28/2014

Maersk Broker possible merger?

Maersk Broker is considering joining in the wave of mergers and acquisitions which is reshaping the European shipbroking scene. Braemar and ACM set the ball rolling with their $51m tie-up this summer, with Clarksons and RS Platou’s $441m deal and a pending union of Howe Robinson and ICAP Shipping accelerating the trend.
Anders Hald, chief executive of Maersk Broker, told Reuters: "We are looking into different kind of possibilities. We face growing demands from customers and the trend is that the biggest brokerage firms get bigger. We will come out with a very satisfactory result for 2014 but we must continually position ourselves for the future.Maersk Broker, one of the top five shipbrokers globally, was not up for sale."