Ship Brokers (Sale & Purchase / Chartering)

Ship brokers act as intermediaries in the sale, purchase, and chartering of vessels, working on commission for a shipowner, buyer, or charterer rather than holding stock or performing a service aboard the ship. Sale-and-purchase (S&P) brokers value tonnage, canvass the market for a buyer or seller, and negotiate the memorandum of agreement covering price, delivery, and condition. Chartering brokers negotiate charter parties — voyage, time, or bareboat — matching available tonnage to cargo or hire requirements and agreeing freight rates, laycan, and charter terms.

This is deal-making and market intermediation, distinct from the ship-management companies that operate a vessel once chartered or owned and from the marine finance providers who fund the transaction. Owners, charterers, and buyers use brokers for market knowledge, negotiating leverage, and access to counterparties they could not reach directly, engaging a broker for a single transaction or on a standing basis and comparing them on market coverage and negotiating track record. It sits within the Professional & Commercial Services category group on PortProcure.

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