BASIC INFORMATION:
Simpson Spence Young is the world's largest independent shipbroker. They are agile, responsive, and autonomous with the experience and expertise to provide outstanding client service across the globe. They represent both major industrial charterers and ship owners as well as Banks and Hedge Funds. Their wide range of expertise and knowledge means that they can provide support to clients of any size, from the largest names in shipping, to boutique firms and individuals. They were established in 1880 by Ernest Simpson, Lewis Spence and Captain William Young, and have been growing, evolving, and adapting ever since.
REGULATORY INFROMATION: LICENSE
Simpson Spence Young was regulated by the National Futures Association (NFA) at the United State with the regulatory license number of 0449314
BUSINESS SCALE
The company offers a wide range and a number of ship services and shipping product.
SERVICES
They offer the following services to their client;
· DRY CARGO
They 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.
Their teams include specialists in all key ship sizes and are represented in all of our offices around the world.
· TANKER CHARTERING
Simpson Spence Young Tankers division has over 70 brokers worldwide working on behalf of almost all of the worlds oil companies, traders, shipowners and operators. Their 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.
· DERIVATIVES
Their 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 Youngs total business and form a key element of the added value they offer all group clients. They are represented on all the Baltic panels, and are founder members of the Forward Freight Agreement Brokers Association.
· 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, they 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.
· RESEARCH & CONSULTANCY
Their highly respected research department produces a range of premium publications including the Monthly Shipping Review, World Oil Tanker Trends and the Dry Bulk Forecaster. They pride themselves on the quality of the data and the depth of the market analysis, and our publications and presentations are constantly in demand.
· AGENCY & TOWAGE
Simpson Spence Young London maintains a dedicated Agency and Towage department to support the firms chartering and sale and purchase activities. The two main functions of the department are harbor 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
· 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.
· GAS
Formed in April 2004, the Liquefied Gas department employs brokers in Simpson Spence Youngs 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.
· CARBON
The shipping community is now faced with the huge challenge of how to reduce its greenhouse gas emissions.
By combining data analytics and research, broking expertise, world-class voluntary offset projects and regionally compliant allowances such as the EUs Emissions
Trading System, Simpson Spence Young can help you rise to that challenge.
· SSY FINANCE
SSY Finance provides tailor made, unbiased and impartial advice as well as arranging, structuring and execution services covering all aspects of ship finance, shipping investments, mergers and acquisitions, divestments and restructurings.
