Shipbrokers News

The Federation of National Associations of Ship Brokers and Agents (FONASBA) elected a new president and board at its annual meeting in Athens last month.Fulvio Carlini of Italy has succeeded Javier Dulce as FONASBA’s President, and the FONASBA Board now consists of the following members:Fulvio Carlini, President (Italy)Javier Dulce, Past President (Argentina)Botond Szalma, Executive Vice-President (Hungary)Dureid Mahasneh, President Designate, and Regional Vice-President Middle East (Jordan)Mohamed Mouselhy…

Chartering, sale and purchase, and market intelligence brokerage Colebrook Offshore has changed its name to CSO Shipbrokers in a strategic rebrand.“We have achieved significant growth over the past two years, more than doubling the size of our team and consistently developing our client base and list of active projects” said Tony Colebrook, Chief Executive Officer of CSO Marine Group.“Colebrook Offshore has served us well up to this point, but with Sam Stout now taking the reins as Managing Director of the Brokerage…

The Institute of Chartered Shipbrokers has officially welcomed its new senior officers at a Controlling Council meeting held in Athens, Greece.Taking over from Glenn Murphy as International Chair of the Institute is Luis Bernat. Prior to his election as Chair, Bernat has held the position of Vice Chair since 2021. He brings to the role extensive experience gained over almost 50 years in the industry. This includes, most recently, his role as Chartering Manager for TSL Shipping & Trading.

Independent shipbroker Simpson Spence Young (SSY) on Monday announced it has appointed Roar Adland (Ph.D, FICS) to the role of global head of research, effective May 2023. Internationally recognized with over 20 years of professional experience, Adland has built an impressive reputation as one of the most pre-eminent shipping experts in the world today, gaining a Ph.D from the Massachusetts Institute of Technology and holding senior positions at the Norwegian School of Economics and Clarksons.“As evidenced by their recent acquisitions and strong performance…

Shipbrokers IFCHOR and Galbraiths have agreed to merge and are in the final stages of completing a share for share agreement which is expected to close in the next few weeks. The new entity will be headquartered in Switzerland and comprise of 20 offices with over 300 employees from many different backgrounds and nationalities, strengthening further their competitive and diversified broking services.

Shipbroker Simpson Spence Young (SSY) on Wednesday revealed it will open a new office in Genoa, Italy.The new SSY Genoa office will open this Autumn. Initially, the team that will be based there will focus on dry cargo, specifically handy, supramax and panamax, with a number of individuals from a local shipbroking firm joining the team.SSY's global head of dry cargo, Stanko Jekov, said, “We’re very pleased to be establishing a base in Genoa and continuing to grow our Dry Cargo division.

Shipbroker Gibson said that it had received a number of resignations from its Suezmax and Aframax broking desks on June 29, according to an email from its managing director Roger Harrison on Thursday.Suezmax and Aframax tankers are usually used in the transport of crude and some oil products."Whilst we are always disappointed to see people leave our company ...

Shipbroker Simpson Spence Young (SSY) on Tuesday announced it has opened a new office in Athens, Greece.The new office, which is based in Glyfada, is being managed by SSY Dry Cargo broker Nicholas Vamvakaris and currently includes teams from the dry cargo division who focus on Cape, Panamax and the Handy Supra markets.SSY said it plans to expand the remit of this office in the near future to include other departments.Mark Richardson, chairman of SSY, said, “We are very pleased to open SSY Hellas, and to have our brokers present in Athens.

Byron E. Vernicos has been appointed exclusive Agent for Ardent for the Greek and Cypriot market.Ardent is a global specialist in emergency preparedness, emergency response, waste management, wreck removal, subsea services and decommissioning, servicing the marine and oil and gas industry. Byron E. Vernicos is a shipbroker who specializes in the offshore and maritime market since its establishment in 1978. Main focus areas are salvage, offshore vessels employment including deep sea towage and period charter, sale and purchase and other related activities.

Braemar Shipping Services posted half-yearly results for the six months ended 31 August 2019 which showed that interim revenues rose 4% to GBP59.5mln, while losses dropped to £1.3mln from £2.8mln.The UK-based provider of shipbroking, financial advisory, logistics and engineering services principally to the shipping and energy industries, however, said that strong performance from shipbroking, especially in second quarter, achieving 9% revenue growth and underlying operating profit growth of 16% in the first half.Ronald Series, Executive Chairman of Braemar, commenting on the results and the outlook said: “I am pleased to report strong performance in our core Shipbroking division.

Ship management company OSM Maritime has launched a portfolio of ‘industry first services’ with the introduction of OSM ON. The new product will be offered to a customer base that not only includes owners, but also insurance companies, financial institutions and brokers. It utilizes the company’s recently opened Maritime Operations Center in Singapore – which digitally connects all vessels under OSM management, and all activities with real-time visibility and transparency – to provide 24/7 response and risk management support services.

Shipbroking is set to have an interesting year of opportunities as the shipping industry prepares for the International Maritime Organisation’s (IMO) low sulphur fuel regulations which become effective internationally on 1 January 2020.The implementation of these regulations will have multiple effects but overall is expected to have a positive effect on freight markets, especially for tankers, said Ronald Series, Chairman of Braemar Shipping Services, provider of broking, financial, consultancy, technical and logistics services to the shipping, marine, energy and offshore industries."In addition, our investment in new talent, particularly in the dry cargo sector…

Denis Petropoulos has been elected Chairman of the Baltic Exchange Council with effect from June 1, 2019. He replaces Duncan Dunn who has held the position since January 2018. Denis Petropoulos was a founding partner of Braemar Tankers Ltd and remains a significant shareholder at Braemar Shipping Services PLC. He most recently headed up Braemar's Singapore office for seven years, before returning to the UK.He has been a Baltic Exchange Member since 1999 and has held positions…