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Ship Broking

Braemar Opens Crude and Products Ship Broking Operation

Denis Petropoulos

Braemar Seascope said it is strengthening its ship broking activities by opening a new division within the group’s Houston offices focusing on the large crude and products tanker trades. The new operation will launch following the employment of four tanker brokers: Nelson Hebert, Clint DeAtley, Chip Kelman and John Anderson have all come across town to the Braemar office. They will be joined by ex-MJLF broker and past Tanker Pacific chartering executive, Lynne Rutherford.  


Braemar to Buy Shipbroker peer ACM; M&A Activity Heats Up

Braemar chief executive James Kidwell.

Braemar Shipping Services will buy fellow British shipbroker ACM Shipping Group in the latest industry shake-up as players look to grow after years of freight market turmoil. In the biggest deal to date, Braemar, whose businesses include ship broking, said on Tuesday it had agreed to acquire the entire share capital of ACM. "What this transaction is about is growing our shipbroking presence collectively," said Braemar chief executive James Kidwell.


Moore Stephens: Further Consolidation for Insurance Industry

Moore Stephens says that current trends in the UK insurance industry point towards further consolidation and convergence in the underwriting and broking sectors over the next twelve months. In the latest issue of the Moore Stephens’ newsletter Insured Interest, Simon Gallagher, head of the firm’s Insurance Industry Group, says, “Consolidation has been a feature of the insurance industry for some years now, but there may be still some way to go


New Tech Saves Time for Shipbrokers

Stelvio has reacted to demands from the shipbroking sector for faster and more accurate vessel positioning and cargo order data by developing software which it claims will cut the workload by half. ShipDecision from Stelvio is designed to eliminate the need for brokers to search manually through the thousands of incoming daily emails. The Vessel Position feature of the system examines each incoming message and automatically extracts the critical vessel


Ship Broker Clarkson Looks to Acquire Platou

Top ship broker Clarkson is seeking to acquire Norwegian brokerage and investment bank RS Platou for 281.2 million pounds ($441 million) in a deal that would create one of the sector's biggest players globally. The deal would be the latest in an industry which has suffered one of its worst-ever downturns in the past five years. Owners ordered large numbers of vessels between 2007 and 2009, just as the global economy started to slow, creating a glut.


Asia Dry Bulk-Capesize Rates Could Slip Again

A ValeMax Bulk Carrier (file image: Vale)

Capesize market could worsen in short-term; 3.5 mln tonnes could be cut from Brazil ore exports. Freight rates for capesize bulk carriers could drift lower next week as Brazil's Samarco iron ore mine disaster and uncertain ore demand from China weigh on cargo volumes, brokers said. That comes as capesize charter rates from Brazil to China on Wednesday hit their lowest level since December 2008. "I'm afraid things could get even worse in the short term," said Ralph Leszczynski


JHC Launches International Hull Clauses

The Joint Hull Committee's (JHC) project to produce a new set of hull insurance clauses which is intended to reflect the needs and requirements of today's shipowners and insurers has been completed on time. The new clauses, which have been drafted following extensive consultation with shipowners and other interested parties, will be available for use from November 1 and will be known as the International Hull Clauses.


Galbraith's appoints three new directors

International shipbroker and shipping consultant Galbraith's Ltd has appointed three new directors with effect from January 1, 2005 - Bjorn Andersen, Peter Bartleet, and Richard Harmsworth. Bjorn Andersen is a Norwegian national, 35 years of age, who started his shipping career in New York before moving to Galbraith's in 1999. He focuses on the crude oil sector and in particular on VLCC and Suezmax trades. Bjorn,


Eagle Turin Delivered to AET

Tanker owner-operator AET welcomed the newest addition to its rapidly growing fleet with the naming and delivery of the 107,000 dwt Eagle Turin at the Imabari Shipyard at Koyo Dockyard in Japan. Eagle Turin, which will fly the Singapore flag, becomes the 49th aframax vessel operated by AET and brings the company’s total fleet of tankers to more than 70. Guests of honour at today’s naming ceremony were Andy Viens, General Manager Global Marine for AET customer ConocoPhillips


Tighter Supertanker Market Impacts Asian Fuel Supplies

The window to sell Western fuel oil to Asia is starting to close as demand for a limited fleet of supertankers to store cheap crude pushes freight rates to multi-month highs, shipping and trade sources said. Crude prices have fallen nearly 60 percent since June and, with prices a year ahead already quoted about $10 a barrel dearer than now, crude traders have hired up to 20 supertankers to store oil with a view to turning a big profit later.


Anticipating Market Change Crucial for Industry - Braemar

(l to r) James aBeckett, Head of Dry Cargo Broking Braemar ACM; Denis Petropoulos, President Braemar Group Asia; and Peter Ryan, Head of Consultancy Braemar Incorporating the Salvage Association. Photo Braemar Group

Being in a position to accurately anticipate change in the shipping markets is becoming ever more crucial for maritime service providers, as owning principals demand more solutions to the problems created by over-ordering, according to Braemar Group Asia President Denis Petropoulos.


Shipowners Reject Proposals for Ships to Pay for EU Ship Recycling Licences

Photo: International Chamber of Shipping

 Proposals to compel ships, regardless of flag, to pay for European Union ship recycling licences when calling at EU ports, will undermine efforts by the International Maritime Organization (IMO) to improve working and environmental conditions in developing nations


Shipping Industry Slumps, but Ship Scrapping Looks Up

Alang, Gujarat: Worlds biggest ship breaking yard. Photo from Youtube video

 While the shipping industry struggles through a historic downturn, ship scrapping business is seeing accelerating demand, reports WSJ.   The global economic slowdown is putting shipping through its most bruising period since the 2008 financial crisis.   


Hong Kong Shipping Group Wants Aid to Arrested Ship's Crew

The Hong Kong Shipowners Association (HKSOA) on Thursday called on the city's authorities to provide assistance to the crew of a Hong Kong-flagged coal ship off the east coast of Australia that is running out of food and fuel. Local Australian media and Great Britain's Guardian newspaper


Swiss Shipping Line and ACC Annouce Blue Alliance Shipping

Logo by Blue Alliance Shipping

 Swiss Shipping Line and Africa Car Carrier announce the starting up of their joint venture company under the name "Blue Alliance Shipping."   Blue Alliance Shipping pools resources and many years of experience of the founding companies which combine their activities in the


Singapore Recognises 53 Ships Under Green Ship Programme

Image by Government of Singapore.

 The Maritime and Port Authority of Singapore (MPA) today recognised another 53 Green Ships from 41 companies that have qualified for the Green Ship Programme (GSP) at the Third Singapore Registry of Ships Forum (SRS Forum).   The GSP encourages Singapore-flagged ships to reduce carbon


Sustainable Shipping Initiative leans on shipping ahead of COP21

Logo: Sustainable Shipping Initiative

 The Sustainable Shipping Initiative (SSI) is stepping up pressure on the shipping industry ahead of the COP21 Climate Change Conference in Paris, says The Chamber of Shipping of British Columbia.   SSI want the IMO to support the UNFCCC global CO2 reduction targets on the basis that


Houston Ship Channel Reopened After Ship Fire

The Houston Ship Channel was re-opened after a burning tanker prompted a nearly three-hour shutdown of a two-mile-long (3.20-km-long) section of the largest petrochemical port in the United States.   The fire was extinguished nearly 90 minutes after it started


Ship Owners to See Reduced P&I Premiums in 2016

Image: Gulf Agency Company (GAC)

 Despite protection and indemnity (P&I) Clubs announcing that they are trying to achieve on average 2% increases in premium, ship owners with good records can look forward to reductions in premiums for P&) insurance at the 2016 renewals, according to Willis Group Holdings


Trelleborg Ships its 600th LNG Ship Shore Link

Photo: Trelleborg

Trelleborg’s marine systems operation has passed a milestone with the shipment of its 600th SeaTechnik Ship Shore Link (SSL) system for the Liquefied Natural Gas (LNG) Industry.   The SeaTechnik SMART SSL system will be installed on a 174,000m3 LNG Carrier (Hull number 2411)


Fredriksen forms ship broker with Arctic Securities

Norwegian-born billionaire John Fredriksen has teamed up with investment bank Arctic Securities to form a ship broking company aimed at taking on bigger rivals and betting on a recovery in the global shipping market. Many segments of the shipping industry, including dry bulk commodities


Diana Shipping to Acquire Three Panamax Ships

Diana Shipping Inc. has signed, through three separate wholly-owned subsidiaries, three Memoranda of Agreement to acquire from a related party three Panamax vessels for an aggregate purchase price of $39.8 million. These vessels are the m/v Sunshine, a 2010 built Panamax dry bulk vessel of 75


Asia Dry Bulk-Capesize Rates to Stay Flat

Asia Dry Bulk-Capesize rates to stay flat, but higher fuel prices could provide support   Freight rates for capesize bulk carriers on key Asian routes are likely to remain flat as vessel supply outpaces cargo demand, while higher bunker prices could support freight rates


Hong Kong Shipping Register Crossing 100 Million Gross Tonnage

Image: Hong Kong Port

 The Hong Kong Shipping Register has  crossed of 100 million gross tonnage, informed the Secretary for Transport and Housing, Professor Anthony Cheung Bing-leung.   To Hong Kong, it’s more than a vote of confidence, Anthony said


UK Shipping Sector Risks Sinking Fortunes if Brexit Prevails

Photo: Port of London Authority

If Britain votes to leave the European Union, the country's shipping sector faces years of disruption as trade agreements get reworked and currency volatility leads to higher costs at a time when the industry is battling its worst global downturn.  






 
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