Exactly two years ago Hamburg sale-and-purchase (S&P) broker Christoph Bruhn took the gamble of striking out on his own.

The move was not untypical in the world of shipbroking and certainly not unique in Germany's shipping capital where small S&P broking shops are common.

But Bruhn has survived. He runs his business from the top floor of an office building in An der Alster, a short walk from Ballindamm where some of his larger competitors such as Andreas J Zachariassen and Peter Gast Shipping ply their trade.

They