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WHO WE ARE

We are an independent shipbroker with an approach focused on expertise rather than scale.

Affinity Policy Comment 2 august 2021

Keeping the momentum

The US Senate on Sunday unveiled a USD 1 Tr US bipartisan infrastructure bill to invest in roads, bridges, ports, high-speed internet and other infrastructure, with expectations that the chamber could pass this week the largest public works legislation in decades.

Business surveys on Monday highlighted the divergence in the global economy on the pace of recovery from the pandemic, which led the IMF to downgrade this year’s growth forecast for emerging Asia.

Although manufacturers largely remained open throughout the lockdowns, the loosening of some restrictions designed to limit infections has driven a flurry of demand - but factories are suffering from staff shortages and the supply chain problems.

China's woes were underlined over the weekend by a survey showing factory activity grew at the slowest pace in 17 months amid rising costs and extreme weather. According to National Bureau of Statistics data, the official manufacturing PMI eased to 50.4 in July from 50.9 in June but remained above the 50-point mark that separates growth from contraction.

Furthermore, there is a degree of concern in the markets regarding Beijing’s crackdowns on a range of sectors, which have caused outflows from Chinese stocks and spillovers worldwide. They also helped to push the yuan to three- month lows against the dollar.

While markets have since steadied and the yuan recovered to around 6.46, China’s central bank pledged over the weekend to maintain a prudent, flexible and targeted monetary policy, a sign of more easing to come.

In contrast, Europe's economic recovery outpaced all expectations last quarter, with the PMI reading of July manufacturing at 62.8, a touch above the “flash” number of 62.6. Surprisingly, the euro showed little reaction to this, firming by 0.16 per cent at USD 1.1885 having last week risen as high as USD 1.1909.

The ECB also bought many more bonds in the last two months than the eurozone’s top four countries sold, in an effort to cap borrowing costs for a bloc still recovering from the coronavirus pandemic, official data showed on Monday.

US consumers also spent with abandon in June as coronavirus restrictions eased.

Last week, the Fed stuck to a dovish policy, with Chairman Jerome Powell saying that interest rate hikes were “ways away” and the job market still had “some ground to cover”.

US Treasury bond yields fell after the meeting, and real yields - adjusted for inflation - hit record lows. 10-year notes have now been falling for five weeks in a row to reach 1.23 per cent

The dollar index eased by 0.15 per cent to 91.97 by 11:30 GMT, just off Friday’s one-month low of 91.775. The index dropped by 0.88 per cent last week, its worst since early-May.

Stimulus policies, as well as lockdowns, are expected to be the main drivers behind currency movements in the near-term, according to NatWest analysts.

And while sterling is supported by the possibility of an early end to BOE stimulus, there is a possibility that the Royal Bank of Australia, due to meet this week, could backtrack on its previous decision to taper stimulus, as protracted Covid-19 lockdowns drag on growth.

Focus this week will also be on business activity data on Monday and Wednesday while, on Friday, non-farm payroll numbers are due, the last major jobs report before global central bank officials hold their annual meeting in Jackson Hole in late August.

Economists in a Reuters poll forecast a 926,000 job increase, compared with an 850,000 increase in June.


Affinity Research LLP

what we do

  • Dry Cargo

    Dry Cargo

    Our dry bulk chartering teams in Sydney, Melbourne, Perth, Santiago, Lima, Montevideo, Buenos Aires, Singapore and London are cargo-focussed and they fix voyage, COA and time charter business on behalf of their clients with a wide range of ship owners.
    For Atlantic business please contact Hans Bredrup
    For Pacific business please contact David Oakley

    Contact: Hans Bredrup
    [email protected]
    Contact: David Oakley
    [email protected]

    LNG

    LNG

    Our young and dynamic LNG team possess wide-ranging experience of spot and term charters working with all major LNG shipowners and charterers. The LNG team has close interaction with the Newbuilding and Sale & Purchase divisions with an unrivalled track record of contracting LNG newbuildings and in the sale and purchase of LNG assets.
    We maintain up-to-date knowledge and an understanding of new technologies within the LNG sector to ensure that our clients can make the most suitable and cost-effective decisions on shipping solutions.

    Contact: Joni Mackay
    [email protected]
    +44(0)20 3142 0133

    Newbuilding

    Newbuilding

    Our Newbuilding team has concluded over 500 newbuildings of all types, including LNGCs, FSRUs, drillships, crude tankers, product tankers and dry cargo vessels. We have contracted in all major newbuilding centres globally, with particular focus on the Korean Shipyards.

    Contact: Nick Wood
    [email protected]
    +44(0)20 3142 0111

    Offshore

    Offshore

    Affinity Offshore is based out of our Oslo and Houston offices. The Team focuses on world-wide sale & purchase of offshore support vessels, as well as chartering – particularly in the Americas and Mediterranean/MENA regions.

    Contact: Tor-Øyvind Bjørkli
    [email protected]
    +47 2109 8210

    Research

    Research

    Our research department combines real time market information with econometric modelling and the latest technology. 

    Contact: Sevita Kondyliou
    [email protected]
    +44(0)20 3142 0182

    S & P

    S & P

    Our Sale & Purchase team has extensive experience of working with private clients, national shipping companies, major corporates, oil companies, grain houses and institutional investors. We provide a cradle to grave services across all shipping sectors. We operate from London, Singapore and Seoul to give 24-hour coverage of the markets, working for both newbuilding and second-hand buyers.

    Contact: Tom Morrison
    [email protected]
    +44(0) 20 3142 0128

    Tankers

    Tankers

    Our established tanker chartering teams serve the industry from London, Houston and Santiago delivering a highly proficient spot chartering service with a prime position in the fuel oil market. The team has close relationships with oil majors, national oil companies, oil traders and major ship owners and operators. 
    Our ethos for operations and post-fixture is simple: these roles are as important to us as the chartering/commercial function, and we continue to apply those same principles of professional ship broking throughout the life of each fixture.

    Contact: Tim Gurdon
    [email protected]
    +44(0)20 3142 0142

    Valuations

    Valuations

    We provide transparent, objective ship valuation service to major owners, banks and other financial institutions at short notice and a daily basis. We provide a retainer service for regular fleet valuations.

    Contact: Ben Pusey
    [email protected]
    +44(0)20 3142 0125

    Dry Cargo

    Our dry bulk chartering teams in Sydney, Melbourne, Perth, Santiago, Lima, Montevideo, Buenos Aires, Singapore and London are cargo-focussed and they fix voyage, COA and time charter business on behalf of their clients with a wide range of ship owners.
    For Atlantic business please contact Hans Bredrup
    For Pacific business please contact David Oakley

    Contact: Hans Bredrup
    [email protected]
    +56 99 887 3036
    Contact: David Oakley
    [email protected]
    +61 2 9937 8806

    LNG

    Our young and dynamic LNG team possess wide-ranging experience of spot and term charters working with all major LNG shipowners and charterers. The LNG team has close interaction with the Newbuilding and Sale & Purchase divisions with an unrivalled track record of contracting LNG newbuildings and in the sale and purchase of LNG assets.
    We maintain up-to-date knowledge and an understanding of new technologies within the LNG sector to ensure that our clients can make the most suitable and cost-effective decisions on shipping solutions.

    Contact: Joni Mackay
    [email protected]
    +44(0)20 3142 0133

    Newbuilding

    Our Newbuilding team has concluded over 500 newbuildings of all types, including LNGCs, FSRUs, drillships, crude tankers, product tankers and dry cargo vessels. We have contracted in all major newbuilding centres globally, with particular focus on the Korean Shipyards.

    Contact: Nick Wood
    [email protected]
    +44(0)20 3142 0111

    Offshore

    Affinity Offshore is based out of our Oslo and Houston offices. The Team focuses on world-wide sale & purchase of offshore support vessels, as well as chartering – particularly in the Americas and Mediterranean/MENA regions.

    Contact: Tor-Øyvind Bjørkli
    [email protected]
    +47 2109 8210

    Research

    Our research department combines real time market information with econometric modelling and the latest technology. 

    Contact: Sevita Kondyliou
    [email protected]
    +44(0)20 3142 0182

    S & P

    Our Sale & Purchase team has extensive experience of working with private clients, national shipping companies, major corporates, oil companies, grain houses and institutional investors. We provide a cradle to grave services across all shipping sectors. We operate from London, Singapore and Seoul to give 24-hour coverage of the markets, working for both newbuilding and second-hand buyers.

    Contact: Tom Morrison
    [email protected]
    +44(0) 20 3142 0128

    Tankers

    Our established tanker chartering teams serve the industry from London, Houston and Santiago delivering a highly proficient spot chartering service with a prime position in the fuel oil market. The team has close relationships with oil majors, national oil companies, oil traders and major ship owners and operators. 
    Our ethos for operations and post-fixture is simple: these roles are as important to us as the chartering/commercial function, and we continue to apply those same principles of professional ship broking throughout the life of each fixture.

    Contact: Tim Gurdon
    [email protected]
    +44(0)20 3142 0142

    Valuations

    We provide transparent, objective ship valuation service to major owners, banks and other financial institutions at short notice and a daily basis. We provide a retainer service for regular fleet valuations.

    Contact: Ben Pusey
    [email protected]
    +44(0)20 3142 0125

Click here for our terms of business

Our locations


  • Floor 44
    The Leadenhall Building
    122 Leadenhall Street
    London EC3A 8EE

    T +44 (0)203 142 0100

    View full office info

    LONDON

    Dry Cargo LNG Research S & P Tankers Newbuilding Finance Valuations


    Floor 44
    The Leadenhall Building
    122 Leadenhall Street
    London EC3A 8EE

    T +44 (0)203 142 0100

    View full office info


  • 72 Anson Road
    #13–03 Anson House
    Singapore
    079911

    T +65 6805 8760

    View full office info

    SINGAPORE

    Dry Cargo LNG S & P Tankers


    72 Anson Road
    #13–03 Anson House
    Singapore
    079911

    T +65 6805 8760

    View full office info


  • Suite 5, Level 1
    200 Toorak Road
    South Yarra
    VIC 3141
    Australia

    T +61 398 671 466

    View full office info

    MELBOURNE

    Dry Cargo


    Suite 5, Level 1
    200 Toorak Road
    South Yarra
    VIC 3141
    Australia

    T +61 398 671 466

    View full office info


  • 8/38 Colin Street
    West Perth
    WA 6005
    Australia

    T +61 892 260 618

    View full office info

    PERTH

    Dry Cargo


    8/38 Colin Street
    West Perth
    WA 6005
    Australia

    T +61 892 260 618

    View full office info


  • 1st Floor
    64 Alexander Street
    Crows Nest, NSW 2065
    Australia

    T +61 299 378 800

    View full office info

    SYDNEY

    Dry Cargo


    1st Floor
    64 Alexander Street
    Crows Nest, NSW 2065
    Australia

    T +61 299 378 800

    View full office info


  • #703, Shin-A Building
    50 Seosomun-ro 11gil
    Jung-gu, Seoul
    South Korea
    100-752

    View full office info

    SEOUL

    LNG Newbuilding S & P


    #703, Shin-A Building
    50 Seosomun-ro 11gil
    Jung-gu, Seoul
    South Korea
    100-752

    View full office info


  • 6/F Kimberley Plaza
    45-47 Kimberley Road
    Tsim Sha Tsui. Kowloon
    Hong Kong

    T +852 2154 2237

    View full office info

    HONG KONG

    Tankers


    6/F Kimberley Plaza
    45-47 Kimberley Road
    Tsim Sha Tsui. Kowloon
    Hong Kong

    T +852 2154 2237

    View full office info


  • 1301 McKinney Street
    Suite 2975
    Houston, Texas
    77010, USA

    T +1 832 925 7500

    View full office info

    HOUSTON

    Tankers


    1301 McKinney Street
    Suite 2975
    Houston, Texas
    77010, USA

    T +1 832 925 7500

    View full office info


  • Marco Polo Parkside Building 1204,
    Anli Road No. 80,
    Chaoyang District,
    Beijing, China, 100101

    View full office info

    BEIJING

    LNG Tankers


    Marco Polo Parkside Building 1204,
    Anli Road No. 80,
    Chaoyang District,
    Beijing, China, 100101

    View full office info


  • Jirón Cruz del Sur 140, of. 1712,
    Santiago de Surco, Lima,
    Perú

    View full office info

    LIMA

    Containers Dry Cargo


    Jirón Cruz del Sur 140, of. 1712,
    Santiago de Surco, Lima,
    Perú

    View full office info


  • Room 04, 10/F, 500
    Yan'an West Road,
    Shanghai,
    People's Republic of China


    View full office info

    SHANGHAI

    Dry Cargo


    Room 04, 10/F, 500
    Yan'an West Road,
    Shanghai,
    People's Republic of China


    View full office info


  • Augusto Leguia Norte 100
    Office 710
    Las Condes
    7550155 Santiago
    Chile

    T +56 22 352 7100

    View full office info

    SANTIAGO

    Dry Cargo


    Augusto Leguia Norte 100
    Office 710
    Las Condes
    7550155 Santiago
    Chile

    T +56 22 352 7100

    View full office info


  • Misiones St. 1372,
    1st Floor "De Los Patricios" Building,
    11000 Montevideo, Uruguay

    View full office info

    MONTEVIDEO

    Dry Cargo


    Misiones St. 1372,
    1st Floor "De Los Patricios" Building,
    11000 Montevideo, Uruguay

    View full office info


  • Viamonte 174, 4 to B,
    C1053ABD Buenos Aires,
    Argentina

    View full office info

    BUENOS AIRES

    Dry Cargo


    Viamonte 174, 4 to B,
    C1053ABD Buenos Aires,
    Argentina

    View full office info


  • Rua Barão de Cotegipe, 443, room 1310
    Porto de Gale Business Center
    Rio Grande
    Brazil


    View full office info

    RIO GRANDE

    Dry Cargo


    Rua Barão de Cotegipe, 443, room 1310
    Porto de Gale Business Center
    Rio Grande
    Brazil


    View full office info


  • Address to be reconfirmed

    View full office info

    ROTTERDAM

    Dry Cargo


    Address to be reconfirmed

    View full office info


  • Inkognitogaten 35,
    0256 Oslo
    Norway

    View full office info

    OSLO

    Offshore


    Inkognitogaten 35,
    0256 Oslo
    Norway

    View full office info