UK shipbroking group SSY is bolstering its commodities arm, SSY Futures, with the acquisition of Uranium Markets, a US-based nuclear fuel brokerage.
The acquisition gives SSY a foothold in the nuclear energy market — a sector gaining traction as global energy demand rises and digital infrastructure and AI priorities place renewed emphasis on stable, clean baseload power.
Founded in 2014 and operating with four brokers in both the US and UK, Uranium Markets has become a leading player in the nuclear energy commodity space. Under the agreement, the firm will continue to trade under its own brand, supported operationally by SSY Futures.
Financial terms of the deal, taking effect on August 1, have not been divulged.
The move also marks SSY’s third expansion this year, following its entry into ship recycling and the launch of a dedicated offshore rig brokerage.
Commenting on the acquisition, Stanko Jekov (pictured), managing partner at SSY, said: “Today’s announcement represents another important milestone in SSY’s expansion roadmap. Nuclear will be a game-changer in the power markets, so it’s very exciting to be entering this sector in partnership with the Uranium Markets team. From our side, as a world-class, leading broker in both physical and financial commodity markets, SSY has both the scale and the size to help facilitate Uranium Markets’ future growth ambitions.”
