UK broker Simpson Spence Young (SSY) has announced a new office in Dubai to spearhead a new bulker chartering drive.

The base will start operations in November, led by Manish Pamecha, Maersk Broker's Dubai head.

"Opening in Dubai means that SSY now has 21 international offices, with our dry cargo department operating out of 18 of these, providing shipbroking services for dry bulk shipowners and charterers," said Stanko Jekov, head of dry cargo at SSY.