British shipping and logistics firm Peters & May has reported increased group turnover in 2025.
The company reports growth across its global forwarding and courier operations during the year, with turnover increasing by 26 per cent compared with 2024. This is attributed to demand for integrated freight, customs and specialist logistics services.
Activity also increased within the US forwarding operation, supported by transatlantic trade and a rise in enquiries originating in the US that require specialist logistics handling.
This result follows growth across the group over several years. Peters & May recorded average annual turnover growth of 17 per cent between 2022 and 2025, exceeding its average growth rate between 2010 and 2022.
UK forwarding continued to contribute materially to overall performance. Turnover rose by 24 per cent between 2021 and 2023, followed by a further increase of 26 per cent between 2023 and 2025. The business attributes this performance to network integration and access to secured vessel capacity across key trade lanes.
Additional capability was introduced in 2025 through the integration of the Peters & May facility in the Netherlands, completed in September. The integration expanded customs clearance and bonded warehousing capacity and was intended to provide greater operational control and flexibility for UK–EU movements post Brexit.
Alongside divisional growth, the group expanded its global network through selected partnerships. A joint venture with Bati Yacht Transport increased operational coverage in Turkey and the Eastern Mediterranean, supporting yacht transport activity in the region.
In northern Europe, a partnership with Briese Chartering secured guaranteed monthly vessel capacity on the northern Europe – east Mediterranean route. The first sailing under the agreement, BBC Bahrain, departed fully utilised both under deck and on deck.
Peters & May also advanced its sustainability programme during 2025. The group achieved Planet Mark Business Certification for a second year, installed 186 solar panels at its UK warehouse, introduced electric vehicle charging infrastructure and restated its target of a 90 per cent reduction in emissions by 2050.
Simon Judson, CEO of Peters & May, says: “2025 has been a strong year for the group, marked by disciplined growth, an exceptional performance from our forwarding division, and continued investment in the capability and resilience of our global network. These developments position Peters & May well as we look ahead to 2026.
“By securing ships through our partnership with Briese Chartering and strengthening our Mediterranean network, we’re making sure clients get reliable service, flexibility, and long-term stability, even as global trade becomes more complicated.”
Looking ahead, the company expects increased activity in 2026 as yachts are repositioned for scheduled regattas and boat shows, including the Monaco Yacht Show and Dubai International Boat Show, as well as preparations for the 2026 America’s Cup.
Judson also notes that geopolitical uncertainty and routing constraints are expected to continue to affect some trade corridors.
He continues: “Managing vessel capacity during peak seasonal demand continues to be a key challenge across the sector. While the transatlantic route remains our most stable trade lane, shipments via the Suez to and from the Persian Gulf and Asia – supported by our partnership with Bahri Shipping – enable significantly reduced transit times, particularly for movements connected to the Eastern Mediterranean.
“While the mid-sized yacht market remains relatively subdued, we are seeing increased activity in larger motor yachts, particularly those above 35 metres. Performance sailing yachts continue to move seasonally, but the strongest growth is in luxury motor yachts relocating between the Mediterranean, Caribbean and Asia.”
The Peters & May racing division also reported a busy year, supporting teams from Australia and Europe for the Admiral’s Cup in the Solent, as well as return movements to home ports and logistics for the Middle Sea Race. Ongoing service partnerships with the 52 Super Series and RC44 Championship continued during 2025.
Individual yacht movements during the year included logistics support for Black Pearl (54ft), Black Jack (100ft) and Whisper (66ft).
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