Braemar Shipping Services PLC Braemar signs contract with Ministry of Defence
May 19 2022 - 2:02AM
RNS Non-Regulatory
TIDMBMS
Braemar Shipping Services PLC
19 May 2022
Braemar signs seven-year contract with the United Kingdom's
Ministry of Defence
-- Tendered by the UK Ministry of Defence's Salvage and Marine
Operations (SALMO) Team, the contract is worth up to GBP9.9m over
the seven-year contract length.
-- Braemar won the contract after a competitive bid against other shipbrokers.
-- The contract covers sale and purchase (S&P), spot and
period chartering and market intelligence for all SALMO's needs
across the globe.
PRESS RELEASE - 19 May 2022 - Braemar, a leading global
shipbroker, today announced that it has signed a seven-year
contract with the UK's Ministry of Defence (MOD) to provide
worldwide shipbroking services across all commercial maritime
sectors.
Under the contract, Braemar will provide the MOD with access to
its market-leading and highly regarded S&P, chartering and
research departments across Braemar's 14 global offices. The
seven-year contract encompasses all aspects of S&P, as well as
spot and period chartering for routine and emergency response
requirements globally.
Andy Liddell, Head of the SALMO team within Defence Equipment
and Support, the MOD's procurement organisation, said: "I am
pleased to confirm we have awarded the contract for shipbroker
services to Braemar ACM Shipbroking following a competitive
tendering process. This is an important contract which will provide
a range of services to UK Defence, and we look forward to working
with Braemar over the next seven years."
Edward Molyneux, Braemar's Global Head of Offshore Energy
Services, commented, "The Ministry of Defence has exceptionally
high standards and expects its partners to consistently deliver
value for money. I'm therefore enormously proud that the Ministry
of Defence has awarded Braemar the contract, which is a clear
reflection of the breadth and depth of our global expertise and our
reputation in the shipbroking sector."
Adrian Wooldridge, Braemar's Head of Projects, commented, "A
contract of this breadth and depth is as complex as a symphony, and
that requires a whole orchestra to do it justice. I'm very pleased
by the multi-desk collaboration and sharing of expertise across the
numerous functions that we operate in. Success is best when it's
shared, and it was individual commitment to the group effort that
enabled us to win this contract."
ENDS
About Braemar
Braemar provides expert advice in shipping investment,
chartering, and risk management to enable its clients to secure
sustainable returns and mitigate risk in the volatile world of
shipping. Our experienced brokers work in tandem with specialist
professionals to form teams tailored to our customers' needs, and
provide an integrated service supported by a collaborative
culture.
For more information, including our investor presentation,
please visit https://www.braemar.com .
About UK Ministry of Defence
The Ministry of Defence works for a secure and prosperous United
Kingdom with global reach and influence. The Ministry of Defence
protects the UK's people, territories, values and interests at home
and overseas, through strong armed forces and in partnership with
allies, to ensure the UK's security, support its national
interests, and safeguard prosperity.
For more information, please visit
https://www.gov.uk/government/organisations/ministry-of-defence
About the contract
S&MOCB/3397 Chartering, Sale & Purchase Shipbroking
Services. The Salvage and Marine Operations (SALMO) Team had a
requirement to establish a seven-year Framework Agreement with a
single Shipbroking Operator to provide shipbroking services,
worldwide, across the commercial shipping sectors.
Contact
Nick Arthur
Head of Corporate Affairs at Braemar
+44 7732 874708
nick.arthur@braemar.com
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END
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