Angus Procter has will take over from Braemar ACM-GFI colleague Pat Donnelly as the chairman of the Wet FFA Brokers Association (FFABA).

Procter believes he is taking over ahead of what he expects to be a very interesting 2019.

"Over the coming 12 months we'll be working with the Baltic to introduce new routes, helping traders reduce basis risk as well as advising clients as we head towards IMO 2020 legislation," Procter said in a statement Wednesday.