Simpson Spence Young (SSY), the largest independent shipbroker in the world has opened an office in Madrid to serve the product tanker market.
The firm has around 70 tanker brokers and the Madrid office brings the number of SSY offices to 18.
The new office is located on 3rd Floor, Calle Alcala 61, Madrid 28014 and is led by SSY tanker department director Mike Driscoll, working with Pepe Alvarez-Silva.
The office’s primary focus and expertise is CPP tankers and MR/LR/LR2 tankers.
Simpson Spence Young chairman Mark Richardson said “We wish Mike and his team all the very best in Madrid. It’s certainly an exciting time in shipbroking and we continue to look for opportunities to invest in infrastructure to support our growth and to better service our customers.”
2018 has been a year of expansion for SSY. In March 2018 the firm purchased the 70-year-old Norwegian dry bulk shipbroker Bidsted & Co which is now known as Simpson Spence Young-Bidsted A/S.
The Asian Tanker Conference in Singapore 26-27 February 2019 will discuss evolving regulation, optimising operations and future commercial expectations.