01 December 2011

Acquisition of Boxton Holding AS and Bridge Maritime AS

Clarksons, the world's leading integrated shipping services group, is pleased to announce it has today agreed to acquire Boxton Holding AS ("Boxton") and Bridge Maritime AS ("Bridge"), both Oslo-based ship broking businesses.

Boxton and Bridge have extensive experience in sale and purchase, newbuilding, leasing and project broking across all shipping markets, and have particularly strong client relationships within the container, tanker, gas and offshore markets.

Boxton, Bridge and Clarksons' existing Norwegian businesses will be immediately integrated into a single office, employing circa 15 people, with Jakob Tolstrup-Møller becoming Managing Director of Clarksons Norway.

The acquisition complements Clarksons strategy to build its presence in Scandinavia. Supported by Clarksons' unrivalled global reach and breadth of broking and capital market services, the enlarged team at Clarksons Norway will be able to significantly expand the offering to our clients.

Clarksons will acquire these businesses from Foxy AS, IB Holdings AS, Millennium Capital AS and Cambridge Shipping & Trading AS. Gross assets to be acquired amount to £1.1m.

Jakob Tolstrup-Moller CEO of Boxton commented:

"We are delighted to join forces with Clarksons. We believe our clients will benefit from this amalgamation, as Clarksons' global capability and market leading position gives us a fantastic platform to strengthen the service offering we can deliver."

Andi Case, CEO of Clarksons, commented:

"We are excited to welcome Boxton and Bridge into the Group. Their strong expertise, excellent international reputation and relationships in the projects and sale and purchase markets add further to our global client base, but also reinforces our commitment to the Scandinavian Market. "

Enquiries:

Clarksons 020 7334 0000
Andi Case / Jeff Woyda

Hudson Sandler 020 7796 4133
Andrew Leach / Kate Hough