Business sale

Braemar Shipping Services has announced the proposed disposal of three business lines within the Braemar Technical Services division (offshore, adjusting and marine) to Aqualis ASA in exchange for a significant equity stake in the combined group. Aqualis is a leading provider of consultancy and engineering services to the offshore oil and gas and offshore wind sectors, and is listed on the Oslo Stock Exchange (OSE:AQUA). The combined business will be led by the Aqualis management team, as enhanced by the inclusion of Grant Smith to lead insurance service.