Kennedy Marr sees a bright future after being purchased by Maersk Broker in a harsh market downturn where mergers are a means of survival.

Founded by Leo Kennedy and Nicholas Marr in 1974, the specialist shop has built a solid reputation for its focus on subsea construction, diving support, floating production and drilling rigs.

Kennedy retired in 1991 and Marr’s son, Alex, took over as managing director in 2003.