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Image of career: Shipbroker

Shipbroker

Overview

Shipbrokers help with maritime business deals by negotiating between parties who are moving goods or buying and selling ships.

Description

  • Grow and manage chartering, sales, and purchase brokerage business operations.
  • Determine risks and feasibility of new business opportunities.
  • Service client accounts and maintain good relationships.
  • Lead improvements for better operational efficiency and business processes.
  • Manage resource allocation for brokerage activities.

Entry requirements

  • You'll need a Diploma or Bachelor's Degree in Shipping, Maritime Studies, Business, Economics, or Logistics for this role.
  • Having good networking skills is a bonus when seeking prospective clients to build a global network of contacts.

Salary

$4,900 – 10,800

/mo

Salary ranges are estimated based on public information found on Singaporean job portals, including MyCareersFuture, MySkillsFuture. Updated as of 2026.

Trivia

There is a strong culture of mentoring in the industry. Shipbrokers share industry knowledge with juniors and subordinates, and build the next generation of maritime professionals.

What to expect

You may choose to be a chartering broker who mediates charterers and cargo owners, or as a sales and purchase broker who facilitates the buying and selling.

Soft
skills

Business Negotiation

Able to negotiate well between parties to close successful and fair brokerage deals.

Communication and Relationship Building

Able to communicate clearly with clients and shipowners and build strong professional networks.

Problem-Solving

Able to identify and resolve issues that arise whilst maintaining service quality.

Financial Management

Skilled in budgeting, cash flow reporting, and financial planning.

Market Analysis and Research

Ability to research and analyse shipping market data to identify opportunities and make strategic decisions.

Chartering/Ship Financing

Knowledge of chartering processes and ship financing options.

Hard
skills

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

Dion Teo, Shipbroker

MCO Office

Frequently asked questions

Shipbrokers analyse data to identify global trends and associated risks with chartering activities or the supply and demand of ships.

Ship charterers handle chartering operations to ensure safe, cost-efficient cargo delivery. Shipbrokers actively look for potential clients and maintain strong relationships with existing ones.

Shipbrokers use extensive market knowledge to identify available ships, cargo types, and freight rates. They negotiate favourable terms and manage risks to connect cargo with suitable ships.

Since shipping is a global business, English proficiency is important to communicate well with clients, colleagues, and partners internationally.

Shipbrokers regularly demonstrate their value, expertise, and genuine interest in client success to secure long-term partnerships and repeat business.