International ship broker Braemar has strengthened its presence in the Americas with the purchase of ship broker Southport Maritime for an initial payment of $7.25m in cash.
In addition to the cash payment upon closing, the consideration will be settled through the delivery of around 1.9 million Braemar ordinary shares on the deal’s third anniversary.
Claimed to be one of the highest volume US-based shipbroking tanker companies, Southport has expertise in crude and refined products in the North...
https://www.ship-technology.com/news/braemar-ship-broker-southport-maritime/