A small company with experienced people
Prow Mercantile Ltd., based in Nicosia, Cyprus, is a small, independent brokerage and consulting firm with 30 years of expertise in marine transportation, particularly in chartering, vessel brokerage, consulting and advisory services. As a small company offering bespoke solutions and value platforms, we do not report our fixtures or sales to other brokers for inclusion in market circulars. We develop close relationships with our clients and other industry participants, and bind ourselves to the strictest of confidentiality. Insight, hard work, and discretion are assured.
Invested in Motion
Projects and Investments
Prow Mercantile works closely with ship owners and managers, charterers, investors, bankers, brokers, insurers, and suppliers from around the world. Prow Mercantile actively pursues and evaluates opportunities for itself and its partners in a number of marine and non-marine related fields, and brings together a wide network of industry service experts and finance providers to create innovative structures and value platforms.
Chartering and Post Fixture Operations
Prow Mercantile has executed hundreds of unique charter parties for spot, time charter and pooling agreements transporting millions of tonnes of oil and oil products to markets around the world for oil majors, major oil traders, national and regional energy companies, as well as small, independent local traders, exporters and importers. We take pride in being able to understand the risk and needs of global oil companies, and bring this understanding to participate in the growth of smaller participants.
Prow Mercantile has bought and sold dozens of vessels, both as brokers and as principals, from sub 10,000 tonne product/chemical carriers to 420,000 tonne ultra large crude carriers, and has participated in hundreds of sale and purchase candidate evaluations and contract reviews for a wide range of clients include Fortune 500 companies, large investment funds, and small private investors for all manner of ship types including newbuildings, second hand tonnage, and vessels sold for scrap.
Sale and Purchase
Prow Mercantile has worked extensively with private investors and understands entirely the need to protect capital, optimize the use of the asset, and ensure properly worded and well thought-out contracts:
Global reach for a wide range of services
Prow Mercantile has navigated in international markets and has developed an extensive network of service providers in a wide range of segments to which it is able to connect its clients. From inspection to purchase, from corporate structure to handover, from technical managers to trusted suppliers, and from dispute to resolution, Prow Mercantile builds a total value platform for its clients by linking all the elements together to ensure alignment, transparency and accountability.
Maritime Expertise
Prow Mercantile is pleased to use its extensive experience and expertise to its client base and offers the additional services:
Drydock Brokerage
Prow Mercantile has developed relationships with a large number of ship repair and drydock, and conversion and construction yards around the world. Prow Mercantile works with its owners and managers to source suitable yards for annual and intermediate surveys and repairs, as well as with investors for capital intensive works such as conversions and newbuildings. Unlike other brokerage firms, Prow Mercantile's independence has allowed it to align a global network of both shipyards and expert brokers through which Prow Mercantile is able to offer its clients a wider spectrum of shipyards than any other brokerage firm.
Arbitration Preparation
Through its experience as a principal and having participated in several complicated, time consuming, exhaustive, and expensive arbitrations and subsequent appeals in the High Court of England, Prow Mercantile works closely and extensively with its clients and their insurers, if any, to evaluate and appoint suitable counsel for which Prow Mercantile acts as interlocutor. Prow Mercantile works extensively and closely with its clients to ensure the full preparation and forensic review of all documentation, and the completeness and logic of the argument prior to committing to the process.
Prow Mercantile undertakes discrete and detailed audits of chartering and post fixture operations, which is of particular interest to investors who may require an independent review of how a ship or a fleet which they have funded is being operated. Prow Mercantile reviews and analyses charter party terms, brokerage channels and commissions structures, bunker suppliers and costs, agency nominations and fees, as well as freight or hire receipts, demurrage calculations and claims outstanding, as well as speed and consumption performance, and performance generally if under time charter or in a pool.
Independent Review and Advisory
A trusted partner protecting your interests
Prow Mercantile is small, agile, and not beholden to any single large client. We are happy to act quickly and decisively on behalf of our clients to protect their interests. The consulting and advisory services that we offer are geared to finding the truth through measured and complete analysis of information. We can do a full commercial evaluation of the existing operation if you are thinking of investing or are already invested in a vessel or fleet, or we can ensure expert input from a wide range of industry sources in order for you to develop a full overview before committing your time and capital.
Get in touch
Feel free to contact us with your inquiry.
Copyright 2024 Prow Mercantile ltd.
Registered Address: Leof Prodromou 121, Hadjikyriakou Building, 7th Floor, Nicosia 2064 Cyprus