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Simpson Spence & Young (SSY) - Brisbane (Australia) (ID: 7654)
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As the world's largest independent shipbroking group, SSY is an organic and dynamic organisation that combines over a century of traditional broking expertise with technological sophistication and innovation. We take pride in a pro-active approach to broking and advise our clients of future market trends, developments and opportunities as well as anticipating their growing and changing requirements. As the shipping market never sleeps nor does SSY's global coverage which spans ten countries and offers a comprehensive range of services. These include: Dry Cargo Chartering Tanker Chartering Sale & Purchase Freight Futures Agency & Towage Liquified Gas & Chemical Chartering Consultancy & ResearchOur comprehensive range of services include: Dry Cargo Chartering One of the largest teams in the industry. Specialists cover the voyage, contract and period chartering of Handy, Handymax, Panamax or Capesize vessels with expertise in Iron Ore, Coal, Grain and most minor bulks. A projects team also acts as transportation consultants for several major developers and power projects worldwide. Tanker Chartering Another major force within the industry principally covering the voyage and period chartering of tankers used for the carriage of crude oil and petroleum products internationally. Vessels from handysized product carriers through to very large crude carriers are handled daily on behalf of most major shipowners and cargo interests. Sale & Purchase A recognised industry leader providing a full range of services from newbuilding contracting and secondhand sales through to demolition. All vessel types are handled for every category of industry participant. Expertise also includes advice on finance, investment and vessel valuation. Freight Futures Key players in introducing advanced market mechanisms for hedging freight rate risks either from the perspective of cost or earnings. This activity is regulated by the Financial Services Authority and is usually settled against accepted industry indicators produced through the Baltic Exchange. Clients include major charterers, owners and financial institutions with both the dry cargo and tanker markets. Agency & Towage Established agents and brokers for leading harbour towage operators and representatives for port agencies specialising in the North America, Northern Europe and Asia Pacific regions. We are one of very few shipbroking companies embracing this specific area of expertise. Liquified Gas & Chemical Chartering This activity is covered through a joint venture with a US based broker and another London firm from an office in Singapore. Consultancy & Research Highly respected and recognised source of information and analysis for the shipping industry. A large team of dedicated market analysts provide comprehensive data and research services for broking and consultancy clients. Quick Links Exchange Rates Yen/Usd 107.21 +1.27 Euro/Usd 0.787 -0.0105 Won/Usd 1165 -1 Sterling/Usd 1.89 0.00 Buy Online World Oil Tanker Trends is on sale in our online shop. Free Charts SSY produce charts for all sectors of the market, including dry cargo, freight futures, tankers and sale & purchase. Free samples of some of our charts are available to all users. SSY London maintains a dedicated Agency / Towage Department to support the group's chartering and sale and purchase activities. Originally set up over 50 years ago to attend to agency consignments in the Port of London, this department now handles numerous and varied activities. Over the past 20 years it has particularly focused on Agency representation in North America and Harbour Towage representation both in the United States and, increasingly, Northern European ports. Whilst London remains the only office large enough to maintain a dedicated team of individuals specialising in these fields, the full service of this department is also available to clients in SE Asia and the Far East through SSY Shanghai. The Agency/Operations department has two main functions; harbour towage and agency representation. For more details about our activities and expertise in these areas, click on the relevant service below: Harbour Towage Agency Representation Alongside our competitive harbour towage operations, SSY has had close links with the US Agency business for many years. An exclusive working relationship sustained for over a decade with General Steamship Agencies (GSA) allows our expertise to span the entire continent from Dutch Harbor, Alaska to Portland, Maine. General Steamship is of course well known as one of the foremost independently owned non-liner agency organisations in North America. Incorporating Alaska Maritime and Empire Shipping Co., we believe GSA is able to offer clients unequalled service. Please feel free to contact us for further information. SSY has very strong links at the Panama Canal, also dating back to at least the 1940s. This connection is through our close friends and long time principals C Fernie & Co. Like our mutual principals GSA, Fernie was established in the 1920s and since that time has established a reputation as probably the foremost agency organisation in its area. Competitive harbour towage has existed in certain US ports for almost 50 years. SSY's own connections with this industry date back to the mid 1940s. During the last two decades, competition within this industry has continued to grow. Towage in most of the major US East Coast and Gulf ports, as well as in some US West Coast ports, is now competitive. Shipowners/operators can now benefit substantially by entering into standard harbour towage contracts. SSY offers clients highly competitive rates, terms and conditions on behalf of leading towage firms in all of these main competitive ports. Competitive towage in Northern Europe has been considerably slower to develop. However, over the last few years the number of competitive deals available has also increased. SSY is well placed with leading towage firms and able to offer clients the potential of considerable savings on harbour towage costs in these competitive areas. SSY's Consultancy & Research team is one of the most respected in the industry. It prides itself on both the quality of its data and the depth of its market analysis. One of the team's strengths is the scope of its trade data in both dry cargoes and oil, built up over a number of years. SSY is a primary source of trade and fleet data, freight rate and market assessments. Data is compiled through customs & official statistics, direct market information and in co-operation with other information providers. Our dedicated team of market analysts is involved in commodity demand & trade forecasting, earnings forecasting, investment appraisals and the identification of investment opportunities. The Consultancy & Research team works closely with the SSY broking teams and their clients providing presentations, reports and advice. In addition commercial consultancy studies are undertaken on behalf of numerous external bodies. SSY is one of the few shipbroking companies to have pioneered FFAs (Forward Freight Agreements) for both the dry cargo and tanker markets. Supplementing the physical chartering desks at SSY, the FFA team offers a paper alternative for hedging freight costs or earnings. The FFA team works directly with leading charterers, owners, traders and financial institutions and has been influential in attracting new players to the market and raising market liquidity. SSY's FFA brokers are members of the FFA Brokers Association and are FSA regulated. SSY is a true market leader in the field of Dry Cargo Chartering. Around 60 brokers specialise in this sector through its network of strategically placed international offices. The knowledge and experience of a major broking operation can thus be most effectively channelled to local markets and individual clients. Such a scale of operation also provides for an enviable level of business diversity. Specialist teams focus on specific markets, vessel sizes and commodity groups in order to maximise customer service. SSY directly represents both major industrial charterers and shipowners. All bulk carrier sizes from mini through to the largest Capesizes are handled as well as specialist bulk carriers, combined carriers, general cargo vessels and containerships. Cargo coverage includes coal, iron ore, grains, bauxite & alumina, steel products, sugar, fertilisers and many other minor bulks on a worldwide basis. Chartering solutions are provided through the mechanisms of single voyage charters, consecutive voyage charters, trip charters, period charters and contracts of affreightment. Traditional negotiation skills are combined with market knowledge, research and analysis giving clients the opportunity to benefit from an all-encompassing broking and consultancy service. SSY's Dry Cargo Chartering team prides itself on its dynamic approach and commitment to quality. SSY brokers are panellists and contributors to various Baltic Exchange Indices. With a total of 24 brokers operating through offices in London, Singapore and Jakarta, SSY is one of the industry's major tanker broking companies. The tanker team handles the chartering of all ocean-going tanker sizes up to and including VLCC on an international basis. SSY is part of the Worldscale Association and a member of the London Tanker Brokers Panel. Each day SSY's tanker brokers compile freight rate assessments for both The Baltic Exchange (BITR) and a large number of individual clients. Direct access to major oil companies, independent oil companies, large traders, significant owners and pool operators has ensured SSY's position within the industry as a leader in chartering solutions. Through voyage charters, period charters or contracts of affreightment, SSY is involved in the carriage of crude oil, clean products, dirty products and orimulsion around the globe. SSY tanker brokers take pride in their market knowledge, expertise and commitment to their clients. Services - Liquified Gas & Chemicals Operated through a joint venture partnership (SBQ) with two other leading shipbroking companies in which SSY has a share. SBQ is located on a separate floor within the same building as SSY's Singapore office. SBQ provides chartering solutions via voyage and period charters for all types of vessel engaged in the carriage of liquified petroleum gases (LPG), chemical gases or liquid chemicals. Departmental contact listings for Gas & Chemicals (SBQ PTe Ltd)SSY has one of the most significant S&P teams in the industry, with an operation spanning six countries around the world. Contracting of newbuilding tonnage of all types is headed by some of the most experienced brokers in the business. Through close working relationships with major shipyards built up over many years, SSY has been able to facilitate a large volume of contracting business with several of the world's significant shipowning companies. As well as offering extensive experience, market intelligence and negotiating skills, SSY provides consultative services to both shipyards and shipowners in support of contracts. Regular advice is given concerning commercial aspects of individual new designs and market appraisals made on behalf of investors. SSY is also active in newbuilding resales, secondhand tonnage sales and demolition sales for all vessel types and sizes. In addition to conventional sales contracts, SSY is involved with 'sale and charter back deals', leasing, hire-purchase, bareboat chartering and k/s financing. Vessel valuations are another field of expertise provided by the S&P team to several shipowners and financial institutions around the world. SSY prides itself in its neutral approach to valuations based upon the concept of 'willing buyer willing seller'. As the world's largest independent shipbroking group, SSY is an organic and dynamic organisation that combines over a century... Simpson Spence & Young (SSY) - Brisbane (Australia)