- Braemar Shipping Services, the global shipping and energy services provider, has reported that its performance since March is in line with the Board's expectations, and the outlook for the year remains unchanged.

The company said it was encouraged by the performance of its chartering desks where activity levels have been strong. It did not expect any recovery in freight rates in dry bulk and tankers, and while there has been some recent recovery, it is not confident it will be sustained over the longer term.

Its offshore desk has also being doing well and Braemar said it will continue to invest in the growth of its core shipbroking division.

At 12:07pm: [LON:BMS] Braemar Seacope Group share price was +5.13p at 424.75p

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