Commodity Broker Directory

This is a reference on the broking function rather than a paid listing. We do not sell directory placements, and we do not rank firms commercially.

Types of intermediary

• Physical cargo brokers — match buyers and sellers of cargoes and manage negotiation.
• Shipbrokers — arrange voyage and time charters, sale and purchase, and provide freight market intelligence.
• Bunker brokers and traders — intermediate or take principal positions in marine fuel supply.
• Derivatives brokers — execute swaps, futures and options for hedging and speculation.
• Specialist advisory desks — origination, structured finance and distressed logistics.

What a good broker provides

• Genuine market coverage rather than a single relationship
• Accurate, timely market information and honest reporting of levels
• Discretion about client positions and intentions
• Documentary competence and a clean recap
• Constructive help when a deal goes wrong, not just when it closes

How brokers are paid

Physical and freight brokers are usually paid a commission on concluded business, typically by the seller or owner, expressed as a percentage of value or freight. Derivatives brokers charge per lot. Any arrangement where an intermediary takes principal risk should be disclosed clearly, because it changes whose interest they represent.

Questions to ask before appointing

• Which counterparties do you actually cover in this market?
• Are you acting as broker or principal in this transaction?
• How are you remunerated, and by whom?
• What is your compliance and sanctions screening process?
• Who handles documentation and claims after the recap?