Norwegian shipbroking giant Fearnleys is in talks to buy UK-headquartered Ocean Shipbrokers as the company looks to splash its cash on growing its broking arm globally.
Multiple well-placed sources in the global shipbroking community said Fearnleys is set to take over Ocean, with several indicating to TradeWinds that a deal has been agreed in principle between the two companies.
“It is happening,” one senior tanker source said, detailing that Ocean shareholders have opted to sell the business.
