A problem shared is a problem halved, runs the proverb. But in the case of London’s two listed shipbrokers, the problem they share is a problem with double the struggle to solve.
This month, Braemar Shipping Services announced that chairman David Moorhouse intended to retire after three years in post and nearly 14 years as non-executive director.
Meanwhile, about four kilometres to the east, headhunters are searching for a new chairman of Braemar’s arch-rival, Clarksons.
