In terms of tankers, it said:
Shipbroking had a strong second half, largely driven by strong tanker markets in the last calendar quarter of 2019 and is estimated to end the year with a forward order book approximately 15% higher than the $43m at the half year.
Shipping markets have seen significant falls in charter rates since the start of the calendar year, particularly in the larger sizes in the Tanker and Dry Bulk markets, due to reduced import volumes into China.