StockMarketWire.com - Braemar Shipping Services' shipbroking division's performance has, as anticipated, improved compared with the first half.

The group says it is encouraged that over the last few months, there has been an increasing degree of optimism in some shipping markets.

The logistics and environmental divisions have performed in line with management's expectations and are slightly lower in the second half of the year.

Braemar Technical Services continued to perform strongly in the period driven largely by the growth of the offshore energy market in Asia. This, however, has been offset by slower than expected contract awards at Braemar Casbarian in the US which is expected to result in group profits for the year being modestly below management expectations.




Story provided by StockMarketWire.com