Shipbroker News

An arbitration dispute highlighted in the latest Claims Review by International Transport Intermediaries Club (ITIC) has concluded with a shipbroker settling a $380,000 claim. Accused of breach of contract and negligence for not disclosing critical navigation restrictions to charterers, the case underscores the paramount importance of transparent communication and due diligence in the shipbroking industry.The incident began when a shipbroker arranged a charter party (CP) agreement between shipowners and charterers.

Want to set yourself apart from the crowd? Institute of Chartered Shipbrokers Chairman Glenn Murphy offers this advice to young shipbrokers In the bustling world of global trade, shipbrokers play a crucial role in facilitating seamless transactions and ensuring the smooth movement of goods across vast oceans. As a shipbroker, you are at the heart of this dynamic industry, and staying ahead of the competition requires a strategic approach and a particular set of skills.Shipping does not stand still: shipbroking is a multifaceted skill which has always moved with the times.

Braemar signed a seven-year contract with the UK’s Ministry of Defence (MOD) to provide global shipbroking services across all commercial maritime sectors. Under the contract, Braemar will provide the MOD with access to its S&P, chartering and research departments across Braemar’s 14 global offices. The seven-year contract encompasses all aspects of S&P, as well as spot and period chartering for routine and emergency response requirements globally.