Clarksons acquires Washington DC based shipbroking firm, Euro-America Shipping & Trade

Clarkson PLC ("Clarksons") is pleased to announce that Clarksons USA Inc (a wholly owned subsidiary) has acquired Euro-America Shipping & Trade, Inc (“EAST”) – a Washington DC based ship brokerage firm that specialises in fulfilling freight contracts with U.S. Government agencies.

Founded in 1979, EAST is a leading shipbroker for U.S. Government cargoes providing brokerage and advisory services across multiple shipping markets including dry bulk, tankers, containers, multipurpose and offshore. With Clarksons existing coverage of these markets and depth of expertise, the acquisition will strengthen the offering of both parties in complementary ways. 

The dedicated team at EAST is led by President, Obaid Ahmad, and has more than 40 years of experience working closely with U.S. Government transportation agencies and a broad range of U.S flag and foreign flag ship owners and operators. The team will continue in their existing location, under the leadership of Obaid, focused on this area of expertise, but now operating under the Clarksons name with full support of, and access to, the global group.

Andi Case, CEO of Clarksons said:

“I’m pleased to welcome Obaid, and his team to Clarksons. EAST has a strong track record of professionalism and client service in a unique market segment, which aligns to the expertise the Clarksons group is known for.

The acquisition adds capability to the Clarksons group by further expanding our presence within the US and broadening our capabilities with this new market segment. With the landscape of global trade becoming increasingly complex, our ability to partner with clients to navigate change, in a multitude of ways, remains at the forefront of our strategy. We look forward to the new opportunities the joint offering will bring for our clients.”

Obaid Ahmad, President of EAST said:

“EAST is delighted to be joining Clarksons and be recognised as part of the world’s leading provider of shipping services. The backing of the Clarksons group will enable us to excel in our core activities while exploring the potential to open new opportunities for growth with a broader service offering.”