Braemar Shipping Services will make cash from a £30m ($43m) package with HSBC open to growing each of its three key divisions, its chief executive says.

London-listed Braemar said in its full-year accounts today the facility would provide flexibility on future merger and acquisition activity.

James Kidwell, chief executive of Braemar Shipping Services, told TradeWinds at a breakfast briefing this morning: “We recognise in the future the markets that we are in are probably going to grow on a single digit percentage.