The sale and purchase of shipping assets such as ships are an essential aspect of the shipping industry. It is a huge investment and requires different kinds of experts who facilitate the deals between two parties. As magnificent a ship looks, there is a need for a brokerage. So whether new contracts are built, used vessels in the secondary market are being purchased, or when old sea vessels are scrapped or demolished, every transaction requires the presence of brokers who assist in carrying out the same.

Ship Sale and Purchase brokers, also referred to as S&P brokers, are highly specialized brokers who are experts in the business of selling and purchasing ships. Much like a real estate agent, a shipbroker acts as a vital intermediary between parties who wish to purchase and sell ships for their maritime trade. They do not own sea vessels; however, act as middlemen who make sure the deal is executed seamlessly.