Shipbroking

Shipbroking is involved in the sale & purchase ('S&P'), literally the buying and selling of existing or new ships (called 'newbuildings' in industry parlance) as well as used ships. S&P brokers discuss opportunities and market trends with shipowners, report on sales, value vessels, calculate freight earnings, advise on finance and try to find ships for specific employment opportunities. When a ship is sold brokers usually negotiate on behalf of the buyer and seller on price and terms and also provide a route to resolving any disputes which might arise.

Cargo Brokering is a part of the shipping industry. A Cargo broker is the intermediary between a charterer, who owns the cargo, and a shipowner. Shipbrokers assist charterers and shipowners in negotiating the terms and conditions of the movement of cargo. Upon completion of the freight deal, the Cargo Broker will send out a recap (recapitulation) of what both parties have agreed. This is sometimes accompanied by a charter party.

Larger Broking firms have separate departments specialising in Dry Cargo Chartering, Tanker Chartering, Sale & Purchase and sometimes also Demolition sales and Research. Major shipbroking centres include London, Piraeus, New York, Houston, Hamburg, Singapore, Hong Kong, Shanghai.

The Shipbroker on-line resource facility Olympic Vessels (www.olympicvessels.com) (covers all the main shipping markets with latest news updates and provides an on-line portal which allows listings for shipbrokers and ship owners who are in the market selling ships.

OLYMPIC VESSELS

The Shipbroker on-line resource facility Oyster Assets Ltd (www.oysterassets.com) (covers all the main shipping markets with latest news updates and provides an on-line portal which allows listings for shipbrokers and ship owners who are in the market selling ships.

OLYMPIC VESSELS