Industry Shipping Headquarters Stamford Number of employees 41 | Website www.mjlf.com Founded 1979 Type of business Private | |
Key people Curt Townshend (President) | ||
Mallory Jones Lynch Flynn & Associates (MJLF & Associates or MJLF) is an international ship brokerage and advisory firm with primary offices located in Stamford, Connecticut, United States, and a second office located in Athens, Greece. Formally founded in 1979 in New York City, the MJLF maritime tradition dates back to the early 19th century by way of Charles Mallory, a named partner and founder of the firm. The Mallory's of Mystic, Connecticut began as sail makers in 1819 and by 1945 had developed into America's largest ship owner.
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As a ship brokerage firm, MJLF functions as an intermediary between clients who need shipping services and suppliers who provide them. The firm executes vessel chartering, as well as concluding sales and purchase transactions.
Vessel chartering
The Spot Department is designated for the executing of vessel chartering, which includes voyage charters, time charters, and bareboat charters. A voyage charter consigns a vessel to a specified transport of commodities between ports or regions. Time and bareboat charters, on the other hand, dedicate a vessel’s employment for a period of time for unspecified trading. A bareboat charter, unlike a time charter, implies that no crew or provisions will be included as part of the agreement.
Shipbrokerage firms may specialize in dry cargo vessels, tankers, combination carriers, liquid gas carriers, or other vessel types. MJLF specializes in oil tankers—ships designated to carry bulk liquids such as crude oil and petroleum. MJLF executes the point-to-point movement of these products in both U.S. Flag and international markets. Currently, the firm averages over 1,000 spot cargo movements annually. These completed transactions are known by industry jargon as ‘fixtures.’
Sales and purchase transactions
The S&P Project Department is designated for newbuildings, the sales and purchase of existing vessels, and scrapping. S&P is characterized by a longer time frame and higher capital commitments for transactions. It is further distinguished from conventional brokerage by the wide array of participants with diverse technological expertise who come together during a transaction. To this end, MJLF employs engineers, former shipyard professionals, ship officers, and MBA’s.
Post fixtures
An operational department follows the chain of events after the vessel’s negotiation has been concluded to ensure the proper implementation of contract details and to act as a liaison between owners and charterers during the voyage. The operations staff drafts a freight invoice for the owners, aids in facilitating the vessel’s arrival at the load port within the stipulated laydays, and monitors the owner's miscellaneous and demurrage claims until settlement.