Toby started shipbroking in London in 1985, working for a small Baltic exchange-based company. He then spent some time working in Norway, before returning to London to join Clarksons in 1991. In 1993, he was promoted to Director and then to the Head of Sales and Purchase Division position shortly afterwards. In 2006, he moved to Monaco with Associated Shipbroking, later becoming a partner at Thurlstone Shipping to establish the sales and purchase division and a new Monaco office.