Interim Management Statement

Braemar Shipping Services PLC
17 January 2008


For immediate release                                            17 January 2008


                          Braemar Shipping Services plc
                          Interim Management Statement

The Group is now some ten and a half months through its financial year ending 28
February 2008 and since the interim results were announced on 26 October 2007
trading and prospects for the full year have improved.

Shipbroking revenues are comfortably ahead of last year. Transaction volumes
have been strong. Deep-sea tanker chartering freight rates have recovered
rapidly over the last two months after a quiet Summer/Autumn and dry bulk rates
- despite some seasonal volatility - have remained at historically high levels.
Our forward order book remains at record levels.

Our other divisions have performed well and in line with our internal
expectations. The acquisitions of Falconer Bryan in June 2007 and 80% of Fred.
Olsen Freight in December 2007 will add to second half earnings of our Technical
Services and Logistics divisions.

We anticipate the second half result to be similar to the £7.1 million pre tax
profit reported in the first half and that the Group's full year profits will be
significantly ahead of last year's pre-tax profits of £11.0 million.


For further information, contact:

Braemar Shipping Services plc
Alan Marsh                                   Tel [phone]
James Kidwell                                Tel [phone]

Aquila Financial
Peter Reilly                                 Tel [phone]

Elaborate Communications                     Tel [phone]

Charles Stanley Securities
Philip Davies                                Tel [phone]



Notes

Braemar Shipping Services plc (ticker: BMS) is a leading integrated provider of
broking and consultancy services to the shipping industry.

Braemar Shipping Services plc

Specialised shipbroking and consultancy services to international ship owners
and charterers in the sale & purchase, tanker, gas, chemicals, offshore,
container and dry bulk markets.

www.braemarseascope.com

Falconer Bryan Pte Ltd
Offices at the following locations:
Australia, China, India, Indonesia, Malaysia, Singapore, Vietnam, United Kingdom

www.falconer-bryan.com


Cory Brothers Shipping Agency

Port agency, freight forwarding and logistics services within the UK.

www.cory.co.uk


Wavespec

Marine engineering and naval architecture consultants to the shipping and
offshore markets.

www.wavespec.com


DV Howells

Pollution response service primarily in the UK for marine and rail operations

www.dvhowells.co.uk



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