UK-based shipping services and ship broking company Clarkson is to merge its Houston operation with Normarine Offshore Consultants (USA) Inc ('NOC') which it is to buy for £2.7m (US$5,4m). NOC acts as a broker in the sale and purchase, newbuilding, and charter of mobile offshore drilling units. Clarksons Offshore acts as a broker in the sale and purchase, financing, newbuilding and chartering of vessels supporting oilfield operations such as anchor handlers, platform supply, diving , production and subsea Vessels.
The company also present an optimistic view of it trading saying that, despite the continuing weak US dollar and on-going absorbed legal costs associated with the Soviet shipping cases, the its trading in the first half continues to be “significantly ahead of the comparable period last year and in line with management expectations”.
Chief executive Richard Fulford-Smith said: “We are delighted to see continuing expansion of business lines in accordance with our strategy to further spread our base within shipping and shipping related products. The merger of our Houston based business with Normarine's will further add to our ability to deliver the fullest possible range of products and services to our global customer base.”
The company also present an optimistic view of it trading saying that, despite the continuing weak US dollar and on-going absorbed legal costs associated with the Soviet shipping cases, the its trading in the first half continues to be “significantly ahead of the comparable period last year and in line with management expectations”.
Chief executive Richard Fulford-Smith said: “We are delighted to see continuing expansion of business lines in accordance with our strategy to further spread our base within shipping and shipping related products. The merger of our Houston based business with Normarine's will further add to our ability to deliver the fullest possible range of products and services to our global customer base.”