19th Aug 2019 09:47
(Alliance News) - Braemar Shipping Services PLC on Monday said its Engineering division has been rebranded as Braemar Wavespec and will provide engineering and technical advisory services.
The provider of shipbroking, financial advisory, logistics and engineering services said the move follows its recent divestment of three of its four technical business lines through the creation of AqualisBraemar ASA.
Wavespec, founded in 1993 and acquired by Braemar in 1997, provides technical consultancy and engineering services to the oil & gas shipping and terminal industries.
"We are excited to officially bring back 'Wavespec' to our brand," said Managing Director Sheila McClain. "We have several exciting projects underway so they can look forward to seeing the Wavespec brand leading the way again."
Braemar Shipping shares were untraded in London on Monday, last closing at 194.00 pence each.
Related Shares:
Braemar Shipping