Shipbroker

Shipbroker jobs in Singapore involve acting as the mediators between parties involved in the movement of goods or the sale and purchase of ships.

Shipbroker Job Description

Note

Shipbrokers mentor their juniors and subordinates in carrying out daily tasks.

Shipbroker

As a Shipbroker, Dion uses his finance skills and industry knowledge to facilitate deals and build relationships with ship and cargo owners.

What you should know about Shipbroker jobs in Singapore

Nature of Work

You can be a Chartering Broker who mediates charterers and cargo owners or as a Sales and Purchase Broker who facilitates the buying and selling!

Key Advice

You must stay informed about market trends and build a strong network to mediate between parties in chartering or sales and purchase effectively.

Skills you need to pursue a Shipbroker job in Singapore

Hard Skills

Budgeting

Skill in managing budgets is crucial for effective financial planning in brokerage deals.

Business Data Analysis

Proficiency in analysing market data to inform decisions and strategies in shipbroking.

Cash Flow Reporting

Managing and reporting cash flow is essential for maintaining financial stability.

Chartering/Ship Financing

Knowledge of chartering processes & ship financing options is vital for negotiating contracts.

Market Research

Conduct market research to stay informed of industry trends and identify opportunities in the shipping market.

Soft Skills

Business Negotiation Skills

Conduct market research to stay informed of industry trends and identify opportunities in the shipping market.

Communication

Clear and effective communication skills are vital for liaising with clients and shipowners.

Interpersonal Skills

Ability to build strong professional relationships and a network of contacts in the shipping industry.

Problem-Solving

Skilled in identifying and resolving issues that arise during brokerage operations.

Service Orientation

Commitment to providing high-quality service, ensuring client satisfaction in all brokerage activities.

“As a Shipbroker, I look out for my clients and use knowledge and connections to get the best deals.”

Dion Teo, Shipbroker

Frequently asked questions (FAQs)

How do Shipbrokers determine the risks of new business opportunities?

Shipbrokers analyse data to identify global trends, patterns, and risks in chartering activities and ship supply and demand.
What differentiates Ship Charterers from Shipbrokers?

Ship Charterers manage chartering operations for cargo delivery, while Shipbrokers seek clients and maintain relationships.
How do Shipbrokers connect cargo owners and ship owners to find the best match for their needs?

Shipbrokers use their extensive market knowledge to identify available ships, cargo types and freight rates. They negotiate favourable terms and manage risks. Shipbrokers can connect cargo with suitable ships for the right price.
How important is language proficiency for Shipbrokers?

As the Shipping industry is a global business, proficiency in English is vital to communicating effectively with clients, colleagues, and partners from all over the world.
How do Shipbrokers build and maintain relationships with clients?

Shipbrokers need to consistently demonstrate their value, expertise and interest in client success to secure long-term partnerships.