Terry Chance

Founding Partner, Mobile: 201.463.3834

Sale & Purchase, Recycling/Demolition, Offshore

Recognized as one of the leading industry experts in demolition sales, Terry has concluded over 750 sale & purchase transactions in this sector. In addition, Terry serves clients such as Exxon-Mobil and Chevron in second hand sales and purchase. Terry has been the broker of record on behalf of Chevron for a large percentage of their sale and purchase transactions, including both demolition and second hand. In July 1992, Terry received the Chevron Shipping Company Recognition and Award Certificate. This Certificate reflects exceptional performance and specifically recognized Terry for his professional knowledge, integrity and dedication. Terry also works on the recently formed offshore desk at Compass Maritime, which focuses on the sale & purchase and chartering of tugs, barges and various offshore equipment.

Terry has served two terms on the Board of Governors for the Maritime Associates and one term on the membership committee of The Association of Ship Brokers and Agents, USA (ASBA).

Terry graduated from the College of Wooster in 1972, with a Bachelor of Arts degree. He joined A.L. Burbank & Co., Ltd. in 1974 as a broker trainee in the Sale and Purchase department and eventually became a senior broker specializing in demolition sales. Terry was a founding Director of A.L. Burbank (Shipbrokers) Ltd in 1986 and later served as the company President. He is currently a founding partner of Compass Maritime Services.