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Poten & Partners

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Parent: Teekay LNG Partners Hop 5 terminal

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Poten & Partners
NamePoten & Partners
TypePrivate
IndustryMaritime Energy Brokerage
Founded1918
FounderJulius Poten
HeadquartersNew York City
Area servedGlobal
ServicesBrokerage, Advisory, Research

Poten & Partners is a New York–based independent firm specializing in energy and shipping brokerage, advisory, and research services with a focus on liquefied natural gas, petroleum, and tanker markets. It operates in global maritime and energy hubs and provides transactional brokerage, market analysis, and consulting to producers, traders, shipowners, and financial institutions. The firm is noted for its historical roots in commodity brokerage and for producing market reports used by industry participants, regulators, and investors.

History

Poten & Partners traces its lineage to early 20th‑century brokerage traditions in New York, with connections to Atlantic shipping routes and oil trading practices linked to Standard Oil, Royal Dutch Shell, BP, ExxonMobil, and Chevron. Through the interwar period and post‑World War II reconstruction tied to the Marshall Plan and the expansion of the Suez Canal era, the firm evolved alongside developments in tanker construction by shipyards such as Mitsubishi Heavy Industries, Hyundai Heavy Industries, and Daewoo Shipbuilding & Marine Engineering. In the late 20th century the company expanded into LNG markets contemporaneous with projects like Algeria's Sonatrach exports, the development of the Qatar Liquefied Gas Company projects, and the rise of trading hubs such as Henry Hub, National Balancing Point, and Tokyo Gas. The firm’s timeline intersects with major events including the 1973 oil crisis, the 1990 Gulf War, the North American shale revolution, and the liberalization of European gas markets influenced by the European Commission directives.

Services and Operations

Poten & Partners provides brokerage services comparable to those offered by firms operating in the same markets as Clarkson PLC, Braemar ACM Shipbroking, BRS Group, and Lloyd's Register. Its service suite includes voyage brokerage, chartering, sale and purchase facilitation relevant to classes such as VLCC, Suezmax, Aframax, and LNG carriers built to Moss-type and Membrane LNG specifications. Advisory and consulting engagements involve counterparties such as TotalEnergies, ENI, Gazprom, PetroChina, and Woodside Petroleum as well as financial actors like Goldman Sachs, Morgan Stanley, Citi, and JPMorgan Chase. Operations extend to major ports and hubs including Singapore, Rotterdam, Houston, Dubai, Shanghai, and Come By Chance.

Market Position and Clients

Positioned among maritime energy brokers, Poten & Partners serves a client base spanning national oil companies, international oil companies, commodity trading houses such as Vitol, Trafigura, Glencore, Gunvor, and Mercuria, and shipowners including Frontline, Teekay, Mitsui O.S.K. Lines, and NYK Line. The firm’s role in LNG contracting places it alongside gas project developers like Chevron LNG, Shell LNG, Cheniere Energy, and Petronas. Institutional clients include pension funds, hedge funds, and infrastructure investors such as BlackRock, Brookfield Asset Management, and KKR assessing shipping and energy collateral. Market intelligence products are used by trading desks active in hubs including Nymex, Intercontinental Exchange, and ICE Futures Europe.

Organizational Structure and Leadership

The firm is structured with divisions for brokerage, research, advisory, operations, and compliance, reflecting practices in firms such as Brown Brothers Harriman, Marsh & McLennan Companies, and Deloitte. Leadership has historically included principals and partners drawn from shipping, oil trading, and maritime law backgrounds, interfacing with institutions like United States Department of Transportation, Federal Energy Regulatory Commission, Maritime and Coastguard Agency, and academic centers such as Massachusetts Institute of Technology, University of Oxford, and London School of Economics where executives have lectured or studied. Boards and senior management maintain relationships with classification societies like American Bureau of Shipping and with insurers in the Lloyd's of London market.

Research, Publications, and Data Products

Poten & Partners produces market reports, freight indices, and analytical commentary used alongside industry publications such as Platts, Argus Media, Bloomberg, Reuters, and research from International Energy Agency, OPEC, and BP Statistical Review of World Energy. Data products cover tanker freight, LNG chartering, and petroleum markets, informing stakeholders engaged with projects like Mozambique LNG, Ichthys LNG, Gorgon LNG, and pipeline developments such as Nord Stream and Trans‑Adriatic Pipeline. Their research often cites vessel classes, trade routes, and cargo specifications used by entities like ABS, DNV, and ClassNK.

Like many intermediaries in energy and shipping, brokers face scrutiny over charterparty disputes, commission claims, and compliance with sanctions regimes administered by bodies such as the United Nations Security Council, Office of Foreign Assets Control, and the European Union. Industry disputes have involved counterparties that include trading houses and state entities, and litigation may reference precedents from admiralty cases adjudicated in venues such as the United States District Court for the Southern District of New York and the Admiralty Court in London. Compliance topics intersect with anti‑corruption standards like the Foreign Corrupt Practices Act and anti‑money laundering directives enforced by regulators including the Financial Crimes Enforcement Network and national financial intelligence units.

Category:Energy companies of the United States Category:Shipping companies of the United States Category:Companies based in New York City