Braemar Shipping Services PLC Rebranding of Engineering Division
19 August 2019 - 4:00PM
RNS Non-Regulatory
TIDMBMS
Braemar Shipping Services PLC
19 August 2019
19 August 2019
BRAEMAR SHIPPING SERVICES PLC
("Braemar", the "Company" or the "Group")
Rebranding of Engineering Division
Welcome Back "Braemar Wavespec"
Braemar Shipping Services plc (LSE:BMS), a leading international
provider of shipbroking, financial advisory, logistics and
engineering services principally to the shipping and energy
industries, is pleased to announce that its Engineering Division
has been rebranded as "Braemar Wavespec".
The rebranding of this division follows Braemar's recent
divestment of three of its four technical business lines (Offshore,
Adjusting and Marine) through the creation of AqualisBraemar ASA.
Braemar's Engineering Division, which remains with Braemar, has
reverted to its roots with the "Braemar Wavespec" brand.
Wavespec, founded in 1993 and acquired by Braemar in 1997, is
renowned throughout the shipping industry for providing technical
consultancy and Owner's Engineering services to the Oil and Gas
shipping and terminal industries, particularly in Liquefied Natural
Gas (LNG). It traded as Wavespec until 2012, when Braemar's
technical business units were integrated under the Braemar umbrella
and later rebranded as Braemar Technical Services.
Sheila McClain, Managing Director of Braemar Wavespec,
commented: "We are excited to officially bring back "Wavespec" to
our brand. Industry veterans will remember the Wavespec name from
our involvement in pioneering LNG projects from the first FSRUs and
Q-Flex/Q-Max ships to the multiple Owner's Engineer roles on
existing and projected onshore facility projects. We have several
exciting projects underway so they can look forward to seeing the
Wavespec brand leading the way again."
Braemar is a leading international provider of knowledge and
skills-based services to the shipping, marine, energy, and offshore
industries. Braemar's four specialist operating divisions,
Shipbroking, Financial, Engineering and Logistics work together to
provide both the global reach and local knowledge for a
best-in-class service offering. Its divisions work together to
offer a full range of complementary skills whenever and wherever
its clients need them.
Braemar Wavespec provides advanced engineering and technical
advisory services related to facilities and ships in the oil, gas,
and shipping industries.
For more information on Braemar Wavespec, please visit
www.braemar-wavespec.com.
For further information, contact:
Braemar Shipping Services plc
Sheila McClain, Managing Director, Tel +1 713 688 5353
Braemar Wavespec Tel +44 (0) 20 3142 4100
Ron Series, Executive Chairman
Nick Stone, Finance Director
Peter Mason, Company Secretary
Shore Capital
Robert Finlay / Antonio Bossi / Henry Tel +44 (0) 20 7408 4090
Willcocks
Buchanan
Charles Ryland / Vicky Hayns / Stephanie Tel +44 (0) 20 7466 5000
Watson
Notes to Editors:
About Braemar Shipping Services plc
Braemar Shipping Services plc is a leading international
provider of shipbroking, financial advisory, logistics and
engineering services principally to the shipping and energy
industries. Founded in 1972, Braemar employs approximately 530
people in 30 locations worldwide across its Shipbroking, Financial,
Logistics and Engineering divisions.
Braemar joined the Official List of the London Stock Exchange in
November 1997 and trades under the symbol BMS.
For more information, including our investor presentation, visit
www.braemar.com
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END
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