UK shipbroking group SSY has struck a deal to acquire Grieg Shipbrokers, adding one of Scandinavia’s longest-standing brokerage houses to its expanding global platform. The deal is set to take effect in January 2026, subject to customary conditions.
Founded in 1884, Grieg Shipbrokers has built a strong position across gas, dry bulk, tankers, offshore, sale and purchase, aquaculture and maritime finance. The firm employs around 50 brokers and specialists and operates from offices in Oslo, Bergen and London.
Under the agreement, Grieg Shipbrokers’ chief executive Morten Müller will continue to run and develop the business as it becomes part of SSY. The Grieg brand will not be retained, with the operation to be fully integrated into SSY’s infrastructure. Financial terms of the transaction were not disclosed.
SSY managing partner Stanko Jekov (pictured) said the deal brings together two firms with closely aligned histories and client-focused cultures. “Both businesses have been built over more than a century and share a commitment to high-quality service,” he said, adding that the acquisition supports SSY’s ambition to become a top-three broker across its core sectors.
Markus Grieg, chair of Grieg Shipbrokers, said the decision marked the end of a long chapter for the family-owned business. “Grieg Shipbrokers has been both a strong company and an important part of our family history,” he said. “We are proud of our colleagues and grateful for their dedication over many years.”
The transaction follows a busy year for SSY, which has been expanding beyond traditional shipbroking. Recent moves include the acquisition of Uranium Markets, a US-based nuclear fuel brokerage, entry into ship recycling, and the launch of a dedicated offshore rig brokerage. The addition of Grieg Shipbrokers is expected to further strengthen SSY’s footprint in Northern Europe and adds depth across offshore, gas and financial advisory work.
