Maersk Broker Bulk Chartering to Merge with Wonsild Dry
- Business & Finance
Maersk Broker Bulk Chartering has reached an agreement to merge with Wonsild Dry, which will become a fully integrated part of the company, as of January 2019.
The parties informed that they share the view that increasing expectations and demands from clients in a highly competitive dry bulk market will require best in class broking services both commercially and operationally.
“We are certain that a combined global organisation will create a stronger platform for further growth and, indeed, a company that will be able to service our many loyal clients even better in the future,” according to Maersk Broker.
Maersk Broker Bulk Chartering added that it plans to continue investing considerable resources in terms of business development including enhanced Research, and Digital solutions.
The cooperation between Maersk Broker and Wonsild Dry started in 2016 when Maersk Broker became a major shareholder of the company. Since then, synergies from a combined organisation “have become increasingly apparent” and the parties have now agreed to move forward as one entity.
The offices of Maersk Broker Bulk Chartering and Wonsild in Copenhagen and Singapore respectively will be combined. The Wonsild teams in Hong Kong and Bangkok will complement the existing network of Maersk Broker Bulk Chartering offices in London, Hamburg, Dubai, Delhi, Beijing, Taipei, Seoul and Tokyo.
As from January 1, 2019, the combined activities will be trading as Maersk Broker Bulk
Chartering. Wonsild’s tanker activities will not be affected by or be part of this transaction.