The British shipbroking group Simpson Spence Young (SSY) is acquiring Grieg Shipbrokers, thereby expanding its global platform to include one of Scandinavia’s longest-established brokerage houses.
The transaction is expected to become effective in January 2026, subject to customary conditions. Grieg Shipbrokers was founded in 1884 and is active in the gas, dry bulk, tanker, offshore, sale and purchase, aquaculture and maritime finance segments. The company employs around 50 brokers and specialists and has offices in Oslo, Bergen and London.
Following completion of the acquisition, CEO Morten Müller will continue to manage and expand the business. However, the Grieg Shipbrokers brand will be discontinued and the activities will be fully integrated into SSY’s infrastructure. Financial details of the transaction were not disclosed.
SSY Managing Partner Stanko Jekov explained that the merger brings together two companies with similar histories and a strong customer focus. “Both companies have been built up over more than a century and share a commitment to high-quality services,” said Jekov. The acquisition supports SSY’s goal of becoming one of the three leading brokers worldwide in its core business areas.
Markus Grieg, Chairman of the Board of Directors of Grieg Shipbrokers, spoke of the end of a long chapter for the family-run company. “Grieg Shipbrokers has been both a strong company and an important part of our family history,” he said. “We are proud of our employees and grateful for their many years of dedication.”
The transaction follows a year of expansion for SSY. In addition to the traditional shipbroking business, the group has acquired the US nuclear fuel broker Uranium Markets, entered the ship recycling business and established a specialized team of brokers for offshore rigs. With Grieg Shipbrokers, SSY is strengthening its presence in Northern Europe in particular and gaining additional depth in the offshore, gas and financial advisory sectors.
