Marex Spectron Moves Into Ship Broking

Marex Spectron, the global commodities broker, today announced the hires of Dave Cullen and Archie Chandler to the newly established clean petroleum broking desk. Both brokers will be based in London and report to Simen Ebbesen, Head of Physical Tankers. The team will also work closely with Nils Arnesen, Head of Tanker Freight Derivatives,

Cullen and Chandler will join in the first quarter 2017 from Braemar Shipping Services where they concentrated on clean petroleum products in the Black Sea, Mediterranean and Baltic / Continental markets.

Marex Spectron’s investment in physical ship broking, not only complements the existing tanker derivatives team, but is a natural evolution of the franchise as it develops its presence in the physical energy space. Recent hires have also included the physical Canadian Crude brokers, Justin Norbraten, Jay Mitchell and Tarun Ajwani, from Shorcan Energy.

Jeremy Elliott, MD and Co-Head of Energy, Marex Spectron, commented: “We are very excited that Dave and Archie are joining Marex Spectron. The move into clean petroleum broking is part of a broader strategy to develop our physical energy business and we are actively looking for further opportunities to invest.”