July 16th, 20191Despite bigger companies, challenging market conditions, trade wars, newcomers on the ship financing market and digital disruption, there will always be a space in shipping for shipbrokers, argues Lorenzo Banchero in today's Maritime CEO interview. The chairman of the Genoa-based Banchero Costa shipbroking company reflects on the...
March 25th, 20196A new book published this month claims that Russians bugged the boardroom of the world’s largest shipbroker. The controversial claims are made in Client Confidential: Spooks, Secrets and Counter-Espionage in Celtic-Tiger Ireland, penned by former soldier turned security consultant Sean Hartnett, published by Merrion...
July 5th, 20180There’s a change of top management at Hamburg-based brokers Harper Petersen. Simon Aust is stepping down as managing director to be replaced by two men, Bjoern Andersen and Arne Corleis, on August 1. Andersen successfully built up the bulk desk at the broker over the past three years while Corleis has been working with Harper...
April 24th, 20180A profit warning from Clarkson gave the shipbroker its biggest daily fall in 25 years. Just over a month after saying there were signs of recovery in the shipping markets, Clarkson said clients were once again postponing transactions. Clarkson said a "challenging environment in shipping and offshore capital markets" led to...
December 18th, 20170British 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...
November 30th, 20170Clarksons, the world’s largest shipbroker, has been hit by a cyber attack, and has called in the police to investigate the incident. “Our initial investigations have shown the unauthorised access was gained via a single and isolated user account which has now been disabled. We have also put in place additional security measures to...
October 24th, 20170One of the best known names at UK broker Simpson Spence Young (SSY) has quit after nearly 10 years at the firm. James Palmer, a partner and head of SSY Tankers, is leaving “to pursue other interests”, the brokerage said in a release on Tuesday. Palmer had been at Galbraith’s for 14 years prior to joning SSY in April...
October 6th, 20174Should capesize brokers be mulling a new career? Up to a third of them could be replaced by online platforms, suggests analysts at Alphabulk in their most recent weekly report. The future of shipbroking in the digital era has been the source of much conjecture and many articles on this site this year, much of it stemming from news...
August 25th, 20170Singapore-based shipbroking firm Sovereign Shipping is going through its own digital transformation, developing an S&P app. Wong Hong Lee, managing director, believes the shipbroking sector is evolving with the times like the rest of the maritime industry. The downturn in shipping has forced many shipowners to relook at their...
July 5th, 20170Affinity Shipping is growing its financial services offerings, conscious of the “new breed of investors” coming into the industry, the brokerage’s managing partner Richard Fulford-Smith tells Maritime CEO today. Fulford-Smith, one of the best-known names in shipbroking throughout the world, founded Affinity in January of 2015,...
