DRY CARGO

We maintain a pre-eminent position and a global presence in this critical market and an “always available”, responsive approach to doing business. Modern data systems and rapid communications enable market information to be collected and shared with clients quickly, helping them make informed decisions regarding their business.

Our teams include specialists in all key ship sizes and are represented in all of our offices around the world.

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TANKER CHARTERING

Simpson Spence Young Tankers division has over 70 brokers worldwide working on behalf of almost all of the world’s oil companies, traders, shipowners and operators. Our tanker team handles chartering requirements on a global basis for spot, contract of affreightment and time charter, for the carriage of crude oil & refined petroleum products in all sizes.

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DERIVATIVES

Our Futures brokerage was established in 1997 and has grown to include not just freight derivatives but also iron ore, steel and coking coal derivatives. Derivatives are now a core part of Simpson Spence Young’s total business and form a key element of the added value we offer all group clients. We are represented on all the Baltic panels, and are founder members of the Forward Freight Agreement Brokers Association.

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Sale & Purchase

New building contracting and secondhand sales are a core business, and are handled by some of the most experienced brokers in the business. In response to today's fluctuating market conditions, we also handle demolition sales. Through close working relationships with major shipyards across the globe, built up over many years, Simpson Spence Young has been able to facilitate a large volume of contracting business.

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RESEARCH & CONSULTANCY

Our highly respected research department produces a range of premium publications including the Monthly Shipping Review, World Oil Tanker Trends and the Dry Bulk Forecaster. We pride ourselves on the quality of the data and the depth of the market analysis, and our publications and presentations are constantly in demand. The team’s strength is in the scope of its trade data in cargoes, and we are a primary source of freight market assessments.

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AGENCY & TOWAGE

Simpson Spence Young London maintains a dedicated Agency and Towage department to support the firm’s chartering and sale and purchase activities. The two main functions of the department are harbour towage and agency representation. We can offer clients highly competitive rates and terms and conditions on behalf of the leading towage firms worldwide and have over 60 years of experience in the US as well as Europe, the Baltic, Black Sea, Singapore, and the Far East

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CHEMICAL

Simpson Spence Young Chemicals Department has a team of marine specialists that handle all aspects of vessel transportation from chartering of all sizes and types of chemical tankers to vessel operations. Spot charters, contracts of affreightment, time-charters and contract management are covered around the globe for a vast range of cargoes including easy chemicals, vegetable oils and biofuels and for every major trade lane.

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GAS

Formed in April 2004, the Liquefied Gas department employs brokers in Simpson Spence Young’s London, Singapore, Mumbai, and Shanghai offices. The department works on behalf of clients includes LNG and LPG projects, spot, medium-term and long-term chartering. The department is also active in newbuilding and second hand ship sale and purchase involving liquefied gas carrier tonnage.

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