Chinese brokers call for joint research platform
Small local brokerages, which lack business credibility and research ability, are often excluded from large deals when competing with sector champions. Also, ship brokers need to take a more proactive business approach amid the rise of the non-traditional shipowners which have a financial institution background, a recent conference in Shanghai was told
Brokers are looking to increase brand awareness and value-added services amid combined pressure from big international competitors as well as a fast-changing shipping market