Ben Courtney, head of tanker derivatives at ICAP Energy, has been elected as chairman of the Tanker FFA Brokers Association.

He takes over the position from Braemar ACM’s Jay Lovell who has led the group, which represents the worldwide community of tanker FFA brokers, for two years.

The FFABA describes itself as an independent association of 15 Forward Freight Agreement broking Baltic Exchange member firms formed in 1997.