Shipbrokers Ifchor and Galbraiths have signed their planned merger agreement to create a new 300-person brokerage with a global presence.

The companies said on Wednesday that the integration of the new combined group, which will comprise 21 offices, is now “well underway”.

“Since our announcement in November of our intention to merge, we have been delighted by the positive feedback from colleagues and clients around the world,” the new partners said in a short statement.