SIMON SAYS: “Broker” comes from the French word “brocheor” meaning wine retailer – say no more!

Submitted by Simon Hill on Thu, 10/10/2019 - 17:00

I tried broking once when I was in between jobs way back in the early 90s. The company was called Kinetic Energy and amazingly to me I was fixing cargoes (not enough of them I must say) intra Mediterranean, loading from Libya, Algeria, Greek and Italian refineries, Lavera and then trying to broke them into Morocco, Spain, Turkey and Italy. Most of the cargoes were small and I can’t say I caused any major impact, maybe a stir or two.

SIMON SAYS: What makes ship owners smile?

Submitted by Simon Hill on Tue, 09/24/2019 - 17:00

There’s nothing that makes a ship owner smile more than seeing a decent number of ships getting fixed in the market, of course the grin widens if the rates are also edging up, and if the levels are jumping up, well I’ll leave that one for you to decide. As all eyes last week were focused on the consequences of the drone attack at Saudi Arabia’s key crude oil processing facility in Abqaiq, charterers hesitated for a while, but not for that long.