Simpson Spence Young (SSY), the world's largest independent shipbroker established in London in 1880 and a key participant in the LNG business, has acquired Piraeus, Greece-based Anchor Shipbroking.
SSY already has 400 employees covering each major market, including LNG chartering and projects, dry cargo chartering and tanker chartering, as well as ship sale and purchase, consultancy and research, derivatives and towage.
“Anchor Shipbroking are specialists in sale and purchase, offering a full range of services to their global network of clients,” said SSY without giving details of the value of the transaction.
The UK firm explained that the acquisition further strengthened SSY’s S&P offering and is part of a long-term investment strategy to build out their forward order book, combining newbuilding and S&P with long-term period and projects.
Expanding their S&P division has been a key focus for the organisation and in 2021 SSY announced that Toby English would be joining the firm to head up the global S&P department which has teams based across the world including London, Singapore, Shanghai, and Hong Kong.
“We are very excited to be growing our global S&P presence with the addition of the Anchor team. Said Global Head of S&P English.
“The Greek market is a crucial part of our S&P activities, and Anchor will be an invaluable addition to this, enabling us to provide a more dynamic service to our clients across a number of sectors,” added English.
