Fearnleys acquires Ocean Shipbrokers

Norwegian shipbroker Fearnleys has acquired UK-based Ocean Shipbrokers, strengthening its tanker, shopping for and promoting and LPG actions.

Fearnleys mentioned the transfer would see the corporate double the dimensions of its tanker staff, buyer attain and market protection.

Based in 2006, Ocean Shipbrokers has a tanker presence in Beijing, Singapore, Dubai, Geneva and Oslo and a head workplace in London with round 30 workers.

The mixture with Astrup Fearnley Group’s international attain in offshore broking and offshore monetary providers is anticipated to strengthen each events as one staff transferring ahead.

“This becoming a member of of the businesses will deliver a recent and dynamic method to the shoppers we serve and the power to construct additional throughout the Fearnleys group,” mentioned Dan Gundy, Director, Ocean Shipbrokers.

Commenting on the deal, Marius Hermansen (pictured), CEO of Astrup Fearnley, added: “This deal has been a very long time coming and the timing couldn’t be higher within the early phases of an anticipated multi-year upgrading cycle within the tanker market. This mix will result in Construct considerably improved buyer choices and platform to draw extra expertise.

The settlement comes into impact from September 21, and the mixing course of will start instantly with Astrup Fearnley’s group of 380 folks working in brokerage and monetary providers and 15 workplaces world wide.