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LONDON - Shipping and energy markets advisory firm Braemar Plc (LSE:BMS) has established its first office in Africa with a new location in Cape Town, South Africa, the company announced Monday.
The Cape Town office will initially focus on tanker chartering services and will be led by Bryn Ressell and Clinton Schultz, who bring 35 and 27 years of industry experience respectively. Monica Solomons, with 20 years of shipping operations experience, completes the team.
This expansion increases Braemar’s global presence to 19 offices across 14 countries, according to the company’s statement.
The new location aligns with Braemar’s recently announced strategic framework, which includes targets for operational expansion into at least one new jurisdiction by fiscal year 2026.
"This is an exciting milestone for Braemar as we expand into Africa for the first time," said James Gundy, Group CEO of Braemar, in the press release. "Our new Cape Town office reflects our commitment to broadening our reach into key strategic markets."
Braemar describes itself as a provider of investment, chartering, and risk management advice to the shipping and energy markets. The company has outlined operational targets for FY26 and financial targets for FY30 as part of its growth strategy.
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