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Simpson Spence & Young, (SSY), Simpson Spence Young, Simpson, Spence & Young Ltd. was founded in 1880 by Ernest Simpson, Lewis Spence and Captain William Young in New York City. Ernest Louis Simpson started as a shipbroker from England. Simpson joined with shipbroker Lewis H. Spence and started Simpson & Spence in 1880. In 1882 Captain William Young joined the company and the name was changed to Simpson Spence & Young. Simpson Spence & Young opened a second office in Newcastle upon Tyne in England. Simpson son Ernest Aldrich Simpson (1897-1958) joined the company. The Simpson Spence & Young became very successful and becoming a worldwide shipping firm, with headquarters in London, one of the largest shipbrokers. Simpson Spence Young has 19 offices worldwide with over 400 employees. Simpson Spence Young operates dry bulk, tanker ships, tugboats and has other services.[1][2]
As of 2022, Simpson Spence Young has offices in: Athens, Copenhagen, Dubai, Geneva, Hong Kong, Houston, London, Madrid, Melbourne, Mumbai, New York, Oslo, Sao Paulo, Shanghai, Singapore, Stamford, Sydney, Tokyo, Vancouver, Varna, and Zug. [4]
SSY Finance
In 2019 Simpson Spence Young founded SSY Finance. Simpson Spence Young bought out Carnegie Bank interest the SSY Carnegie LLP, a joint venture of Carnegie Bank and Simpson Spence Young. SSY Carnegie LLP is now SSY Finance. [5]
SSY Valuation Services
SSY Valuation Services is SSY analytical department for helping clients manage their shipping.
^World War II U.S. Navy Armed Guard and World War II U.S. Merchant Marine, 2007-2014 Project Liberty Ship, Project Liberty Ship, P.O. Box 25846 Highlandtown Station, Baltimore, MD [1]