UK shipbroker Howe Robinson Partners (HRP) is expanding into the US dry cargo market with the takeover of New Jersey shop BBT Tradeships.

The business was merged on 1 November, forming a company called Howe Robinson Partners NY.

BBT has been one of New York’s premier shipbroking houses for over 35 years, HRP said.

"The well-respected team bring with them a wealth of experience and knowledge," it added.