SSY acquires Danish broker

British shipbroker Simpson Spence Young (SSY) has bought out Denmark’s Bidsted & Co in the latest phase of consolidation seen across the shipbroking sector. No price was given for the acquisition.

Founded in Copenhagen in 1940, Bidsted focuses on dry bulk chartering and S&P with Danish and Asian clients.

Stanko Jekov, head of dry cargo at SSY, said: “We are very much looking forward to working with the team at Bidsted and this acquisition is a great opportunity for us to continue to grow our dry cargo department with local expertise in Copenhagen, one of the major shipping hubs of Europe.”

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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