Medium-sized shipbrokers could be strained in the coming years

Consolidation among shipbrokers took another step last week when UK-based Simpson Spence Young acquired Denmark's Bidsted & Co. Medium-sized brokers could be strained in the coming years, Chairman Mark Richardson tells ShippingWatch.
Photo: Simon Spence Young
Photo: Simon Spence Young

On Friday last week, UK-based shipbroker Simpson Spence Young acquired Denmark's Bidsted & Co., and the takeover shows that there is still life in the acquisition wave that began two-three years in the shipbroker market.

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