Simpson Spence Young takes over Anchor Shipbroking

Simpson Spence Young (SSY), the world’s largest independent shipbroker, has acquired Piraeus-based Anchor Shipbroking.

The acquisition is said to further boost SSY’s sale and purchase (S&P) offering and is part of a long-term investment strategy to build out the company’s forward orderbook, combining newbuildings and S&P with long-term period and projects.

SSY has been looking to expand its S&P division, and in 2021, the company announced that Toby English would be joining the firm from rival UK broker Affinity to head up the global S&P department.

“The Greek market is a crucial part of our S&P activities, and Anchor will be an invaluable addition to this, enabling us to provide a more dynamic service to our clients across a number of sectors,” English said.

The Anchor team will join SSY’s dry cargo team that is based in the new Athens office. Financial details surrounding the deal have not been disclosed.

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
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