ICAP expands shipping presence in Asia

ICAP, the world's largest interdealer broker, has acquired Singaporean shipbroking company Island Shipbrokers Pte Ltd for an undisclosed sum.

ICAP, the world's largest interdealer broker, has acquired Singaporean shipbroking company Island Shipbrokers Pte Ltd for an undisclosed sum.

ICAP's shipping arm, ICAP Shipping, has been involved with Island Shipbrokers since its inception and the synergy and working relationship between the two are said to be already "excellent".

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.