As trusted and long-established shipbrokers, Simpson Spence Young has the privilege of working with clients across the globe, connecting people in the world of shipping. Our wide range of expertise and knowledge means that we can provide support to clients of any size, from the largest names in shipping, to boutique firms and individuals.
We were established in 1880 by Ernest Simpson, Lewis Spence and Captain William Young, and have been growing, evolving, and adapting ever since.
All partners work in the firm, and concentrate on both their specialist areas of operation and the complete needs of clients. Simpson Spence Young’s comprehensive and integrated set of services help to manage risk and maximise reward in shipping and trading. We have experts and teams working in long established areas of shipbroking; dry cargo chartering, tanker chartering, and ship sale and purchase. In addition, we have specialist teams in the chemical, gas, agency and towage sectors, a highly respected research department, and as one of the founding developers of the Forward Freight Agreement market, our specialist in-house derivatives brokerage - SSY Futures Ltd, covers not only freight but also iron ore, coking coal, steels, alumina and the new market for base metal delivery premiums.
Simpson Spence Young operates from 23 offices across the globe and employs over 400 experts. Covering all the major shipping and commodity locations, and providing a round the clock service.
We represent both major industrial charterers and ship owners as well as Banks and Hedge Funds. Our brokers are panellists and contributors to all Baltic Exchange indices.
Our advice and insights are supported and informed by our well-respected Research Department, which gathers and analyses global data and turns it into actionable information for the whole of Simpson Spence Young and its many clients. We supply the industry with information via the leading news vendors and publications, and publish regular reports, which are regarded as authoritative barometers of the industry. Our Research Department also undertakes bespoke consultancy and reporting for clients who wish to manage risk and make better informed decisions.
We are known for our solid reputation, which is built on a long-standing wealth of experience combined with our ability to respond quickly to ever changing market conditions.