Braemar Shipping Services Plc (LSE:BMS), a leading international provider of shipbroking, financial advisory, logistics and engineering services to the shipping and energy industries, is pleased to announce that its wholly owned subsidiary Braemar Naves Corporate Finance (“BNCF”)  and V.Ships Leisure, the world’s leading cruise ship manager, have entered into a co-operation agreement to support cruise and ferry operators, their investors and financiers as they collectively navigate the unprecedented challenges currently facing the passenger ship industry.

With complementary skills and capabilities, the joint team will provide an integrated solution for a range of stakeholders in the industry, including consultancy and advisory services spanning operational & technical topics, HSEQ future-proofing, financial and business plan due diligence and assessments, as well as stakeholder advisory and capital raising.  This partnership is intended to support the interests of the engaged partners through benchmarking with operational and financial industry best practices enabling decision-making, future-proofing, safe return to operations and growth.

Richard Jansen, Managing Director & Head of London Office – Braemar Naves Corporate Finance remarked: “Having known Per and the V.Ships Leisure team for many years, and having successfully worked on a variety of projects together during that time, we feel this co-operation can provide a one-stop platform to support our partners in the cruise and ferry industries with practical and actionable advice and support as they confront these difficult and complex times head-on.”

Upon announcement of the co-operation Per Bjornsen, CEO – V.Ships Leisure, commented: “We’re passionate about this sector and keen to assist by using our know-how and partner network to help our industry colleagues get through this crisis and build for a brighter, more sustainable future. We know Richard and his team at Braemar Naves well and are convinced that together we can make a real difference.”