Ian Hartley clearly buys into the adage stick to your knitting. “Some of our competitors have widened the scope, but we will continue only to be shipbrokers. For the foreseeable future, we believe that’s the only way,” said Hartley, finance director of ACM Shipping, a London-based shipbroker with a 26.26 million $50 million market capitalisation.
Founded in 1982 and listed on London’s Alternative Investment Market since 2006, ACM, like many in its sector, has faced an uphill battle being just a broker. There was a boom of ships ordered before the financial crisis that are just being filled today. That means there is a huge supply of ships without...
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