Braemar Shipping Services has revealed details of salary and bonus payments potentially running to around £500,000 to former chief executive James Kidwell.

Kidwell departed the London-listed company at the end of July, with his retirement ending a 17-year career at the company which began as chief financial officer before his promotion to CEO in 2012.

Braemar said Kidwell was a “good leaver” and was awarded £389,885 in lieu of his salary and pension which will be paid in September and December.