Shipbroking News

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.

International shipbroker Braemar announced on Monday that it has acquired Southport Maritime, one of the highest volume U.S.-based shipbroking tanker companies.With a particular focus on spot tanker fixtures, Southport’s 18-strong team will complement Braemar’s existing Tanker desks in London, Singapore, Madrid, Houston and Geneva.Braemar’s new offices in West Palm Beach and Winter Park Florida, will continue to be led by Michael Corey and Peter Tornaben, the co-founders of Southport Maritime.

Forward freight agreement (FFA) trades for a basket of 38,000-dwt handysize time charter rates will help operators take longer-term cover with less risk, says shipbroker Simpson Spence Young.Following an ever-strengthening charter market, SGX have confirmed a launch date for the new offering as April 19, 2021, with EEX aiming for early May pending regulatory approval. Both exchanges are keen to promote clearing of the new contract.The handysize futures market was previously based on the Baltic Exchange's old 28…