Braemar Shipping Services plc operates in four segments: Shipbroking, Technical, Logistics and Environmental. Shipbroking income comprises commission arising from tanker and dry cargo charter broking, sale and purchase broking, offshore broking and financial consultancy arrangement fees. Technical fee income comprises fees for the supply of technical and energy loss adjusting services. Logistics agency income is recognized at the point when the ship sails from the port. Environmental revenue from environmental services is recognized at the contractual rates. On May 9, 2011, the Company acquired BMT Marine and Offshore Surveys Limited (BMTMOS). On July 15, 2011, it acquired Casbarian Engineering Associates Inc. On February 16, 2012, the Company disposed of the subsidiary, Braemar Steege de Mexico.