Norway's Grieg Shipbrokers is going through transformation as it moves into the larger bulker segments with a joint venture with Flaship Brokers.

The move sees the broking unit of Bergen-based Grieg Group team up with a specialist in panamax and capesize chartering. The new venture will have some 20 brokers based in Seoul, Shanghai, Singapore and Antwerp.

“For a few years we have had a strategy of moving further from being an in-house broking firm for the Grieg group.