Marine company sold out of administration

Employment initiatives funded by Gunwharf

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GLOBAL marine company BMT Marine and Offshore Surveys, which has a base in Segensworth, has been bought out of administration for £2.4m.

Its administrators, Deloitte, announced the business and some of its assets have been bought by London-based Braemar Shipping Services plc.

BMTMOS provides hull and machinery and marine warranty survey services around the globe, with its clients operating primarily in the insurance, shipping and offshore industries.

The company has 94 employees, most of whom are marine surveyors, who operate from 21 offices around the world and who will be joining Braemar.

In a statement, Braemar said: ‘Going forward the business will join with the established marine survey operations of the group’s technical division and will trade under the Braemar name.’

Braemar chief executive officer, Alan Marsh, added: ‘This is a very exciting development for the technical division of Braemar Shipping Services Plc Group, enabling us to deliver a truly global service to our clients.’