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Maersk Broker upgrades on dry cargo and advisory

Maersk Broker has chosen to invest significantly in dry cargo segments and maintain great ambitions about the advisory part of the business.

The break with Lightship Chartering is history and new alliances have been concluded. Soon more is to come, according to Managing Director Anders Hald, Maersk Broker.

Both revenue and profits were lower in 2016 than in 2015. But this is not worrying Managing Director Anders Hald since the market has declined accordingly. And Anders Hald expects that this will change for the better:

"We expect an improvement in our 2017 annual report, and our 2016 investments in dry cargo, advisory and research – combined with a more active newbuilding market - have already resulted in satisfactory business activity in the first five months of 2017,” says Anders Hald.

Focus on dry cargo and advisory

Maersk Broker has chosen to invest significantly in dry cargo since this is one of the biggest market segments. The brokerage house, which in principle operates entirely independently of the rest of Maersk Group, has had noteworthy organic growth - primarily in Asia - and has bought into Lanic, Wonsild, and entered in a joint venture with Albis in Hamburg.

Further, Maersk Broker has great ambitions about the advisory part of the business. Here, the expansion of Maersk Broker Advisory continues to offer a broader overall product, rooted in the conventional brokerage.

"An active advisory role requires quality research, so we have more than doubled our efforts on research in the last two years. The business must shape the organization – we are very aware of this. The advisory role is also linked to the fact that equity funds have become important as partners and customers," says Managing Director Anders Hald, Maersk Broker.

 

Above is a short summary from an article publiced in Søfart (www.soefart.dk) on the 12th of June 2017 - to read the full article press here. Do note - the article is in Danish.

 

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