Shipping Analyst

Shipping Analysts develop tactical business proposals by conducting research and analysing data on new and emerging markets. They also identify problems in existing business processes to improve efficiency.

Shipping Analyst Job Description

Analyse and anticipate market developments.
Analyse and enhance operational performance.
Formulate strategic business plans.
Service clients’ accounts for the provision of data and research.

Note

Aside from creating reports, Shipping Analysts will present their findings and conclusions to clients or at public conferences.

What you should know about Shipping Analyst jobs in Singapore

Nature of Work

You will need excellent report-writing skills to create comprehensive business intelligence reports from market research.

Key Advice

Develop strong analytical skills and a deep understanding of maritime market dynamics to excel in creating insightful shipping reports.

Entry Requirements

Entry Requirements
A bachelor’s degree in Maritime Studies, Shipping, Business or Economics is required.

Work experience is highly valued.
Possible Pathway

Possible Pathway

Skills you need to pursue a Shipping Analyst job in Singapore

Hard Skills

Business Data Analysis

Proficiency in analysing shipping data to identify trends and insights crucial for strategic decisions.

Business Performance Management

Ability to assess and manage the performance of shipping operations against business objectives.

Demand Analysis

Skilled in evaluating market demand to forecast shipping needs and optimise service offerings.

Market Profiling

Expertise in creating detailed market profiles to understand customer segments and tailor shipping solutions.

Market Research

Conducting in-depth research to stay abreast of industry developments and the competitive landscape in shipping.

Soft Skills

Communication

Effective communication skills for presenting analytical findings and collaborating with diverse teams.

Computational Thinking

Strong computational skills to analyse complex shipping data and derive actionable insights.

Digital Literacy

Proficiency with digital tools and platforms for shipping analysis and data management.

Problem-Solving

Ability to identify and solve complex problems in shipping operations and market strategies.

Teamwork

Collaborative skills to work effectively in team environments, contributing to shared objectives in shipping analysis.

Frequently asked questions (FAQs)

Do Shipping Analysts have to board ships?

Shipping Analysts focus on data gathering and market trend forecasting, not boarding ships.
How do Shipping Analysts gather market data?

Shipping Analysts use internal tools like GIS and external sources like brokerage firms for market data.
What types of data do Shipping Analysts analyse in their work?

Shipping Analysts deal with a range of data, like technical, environmental and market data.
What software do Shipping Analysts use for data analysis and visualisation?

Depending on the type of data they deal with, Shipping Analysts often use software like Excel sheets to visualise and analyse data, MarineTraffic or FleetMon to track vessels, and IHS Markit or Global Trade Tracker to forecast future market trends.
How do Shipping Analysts deal with data limitations or inaccuracies?

Shipping Analysts can look for alternative data sources, estimate and input the missing values based on available data and verify with multiple data sources to ensure data reliability.