Prospect of an chartering executive

Originally Posted by Unregistered

Greetings,


I will be having an upcoming interview with an MNC shipping firm as a charterer. Having come from an non-relevant degree, business, I would like to seek the help of veterans in this industry on what kind of questions I would be expecting, technical-based stuff?

To add on, any other tips to excel in this interview and get the job will be kindly appreciated as I have absolute keen interest ever since my NS days in the Navy.

Thanks

your business degree is what got u the interview.. part of chartering involves building and analyzing P&L to calculate DCRs, analyze spot markets.... etc. not many techincal/ops guys can do that.

There are many people here who are making sweeping statements about 1 particular job not paying so well.
I am sure as you are all aware, there are no absolutes.

I’ve been in the industry as a shipbroker (vegoils, chemicals, CPP, DPP, small tankers, MRs), chartering in shipowner (product tankers, chemical parcel carriers, deepsea), charterering in trading house, refinery, producer, grower, etc etc.

14 years total experience.

There are the usual big boys in each “role”.

If you want money, shipbroker.
If you want respect, charterer.
If you want freedom, shipowner.

A tier 1 broker will earn more than a tier 3 charterer, simple fact.

As a broker, all other things being equal, the type of industry affects your salary.
The lowest to highest paid (if all things being equal, like rank, years of exp, title, etc etc)
Liner (container), chemicals, drybulk (handy/supra/pmax), small tanker petroleum, vegoils, LNG/Gas brokers, drybulk (pmax & capemax), deepsea.

As a shipowner, how well you are typically paid will depend on these few factors.
- Owned ships, pooled or com-managed? Com-managed pay the worst, followed by pools, following by actual Owners of the ships.
- Coasters, Handy and below or a bunch of LR/VLCC? The more ships in the fleet, the higher your pay can be. The larger the size of the vessels, the higher your pay can be.
- How many other chartering people are there to “share the wealth”
- Best paying to worst paying by “nationality” are : European, American, Japan-Korea, Indian, Singaporean, Malaysian, Indonesian.
So, an Indonesian shipowner with 4 x 5000dwt junk heaps will pay peanuts compared to a Danish pool owner with 50 vessels of 45-55,000tonnes each.

As for a charterer…. Too many variations for me to list.
I’ve seen salaries for chartering executives range from $3000-9000/month.
I’ve seen salaries for chartering managers range from $5000-25k/month
I’ve seen salaries for freight traders range from $8-15k/month

A broker typically has a low-moderate salary, but with a bonus that is measured in years, not months. (I normally got 2-3 years bonus at book closing)
A shipowner typically has a high salary, at the expense of little or no bonus. I got no bonus at all as a shipowner, but I was paid $12-21k/month, about $2k increment per year.
A charterer typically has a mid ranged salary, with moderate bonuses. I was paid $13k/month, but guaranteed 4 months bonus and additional profit share from my trading desk.

Hi, just curious what are the usual educational reqments or what are the shipping companies usually looking out for in terms of skillset and personality?

Originally Posted by Shipping

There are many people here who are making sweeping statements about 1 particular job not paying so well.
I am sure as you are all aware, there are no absolutes.

I’ve been in the industry as a shipbroker (vegoils, chemicals, CPP, DPP, small tankers, MRs), chartering in shipowner (product tankers, chemical parcel carriers, deepsea), charterering in trading house, refinery, producer, grower, etc etc.

14 years total experience.

There are the usual big boys in each “role”.

If you want money, shipbroker.
If you want respect, charterer.
If you want freedom, shipowner.

A tier 1 broker will earn more than a tier 3 charterer, simple fact.

As a broker, all other things being equal, the type of industry affects your salary.
The lowest to highest paid (if all things being equal, like rank, years of exp, title, etc etc)
Liner (container), chemicals, drybulk (handy/supra/pmax), small tanker petroleum, vegoils, LNG/Gas brokers, drybulk (pmax & capemax), deepsea.

As a shipowner, how well you are typically paid will depend on these few factors.
- Owned ships, pooled or com-managed? Com-managed pay the worst, followed by pools, following by actual Owners of the ships.
- Coasters, Handy and below or a bunch of LR/VLCC? The more ships in the fleet, the higher your pay can be. The larger the size of the vessels, the higher your pay can be.
- How many other chartering people are there to “share the wealth”
- Best paying to worst paying by “nationality” are : European, American, Japan-Korea, Indian, Singaporean, Malaysian, Indonesian.
So, an Indonesian shipowner with 4 x 5000dwt junk heaps will pay peanuts compared to a Danish pool owner with 50 vessels of 45-55,000tonnes each.

As for a charterer…. Too many variations for me to list.
I’ve seen salaries for chartering executives range from $3000-9000/month.
I’ve seen salaries for chartering managers range from $5000-25k/month
I’ve seen salaries for freight traders range from $8-15k/month

A broker typically has a low-moderate salary, but with a bonus that is measured in years, not months. (I normally got 2-3 years bonus at book closing)
A shipowner typically has a high salary, at the expense of little or no bonus. I got no bonus at all as a shipowner, but I was paid $12-21k/month, about $2k increment per year.
A charterer typically has a mid ranged salary, with moderate bonuses. I was paid $13k/month, but guaranteed 4 months bonus and additional profit share from my trading desk.

Thank you so much for your generous insights in this industry, I am sure many other fresh grads whom are looking to enter this industry would appreciate this information from a veteran.

Just to identify myself, I was previously the business degree fresh grad that's hoping to enter this industry as the banking sector is pretty saturated. As much as I have been rather unlucky in my job hunt so far, stretching to over 9 months now, I just got a job offer to be a marine and bunker surveyor (bunker surveyor after I passed the necessary marine engineering certs) in a local SME shipping firm. The boss seems pretty enthusiastic in hiring me as I reckon I am probably the highest qualified applicant so far and will be under his personal tutelage. Though he painted the job as one with hardship and commitments, I feel I am totally up for the task as I am currently single with no other commitments, except to ensure my parents are well-taken care of in old age before starting a family of my own.

Would genuinely seek advise from the seniors and veterans to help this greenhorn on the prospects and progression as a marine/bunker surveyor (salary/bonus I am looking at if i decide to make this as a permanant job role), and would it be able to progress to other shipping jobs such as chartering/shipbroking/shipowner jobs as mentioned earlier with the experience gained as a surveyor. I have searched through google and popular forums in regards to this issue, but could not get a solid answer I am hoping for.

Thank you for taking time to read my wall of text. I can be contacted at [email protected] if any respondent would like to communicate via email.

Yours Sincerely,
Jobless Fresh Grad.

Originally Posted by Unregistered

Thank you so much for your generous insights in this industry, I am sure many other fresh grads whom are looking to enter this industry would appreciate this information from a veteran.

Just to identify myself, I was previously the business degree fresh grad that's hoping to enter this industry as the banking sector is pretty saturated. As much as I have been rather unlucky in my job hunt so far, stretching to over 9 months now, I just got a job offer to be a marine and bunker surveyor (bunker surveyor after I passed the necessary marine engineering certs) in a local SME shipping firm. The boss seems pretty enthusiastic in hiring me as I reckon I am probably the highest qualified applicant so far and will be under his personal tutelage. Though he painted the job as one with hardship and commitments, I feel I am totally up for the task as I am currently single with no other commitments, except to ensure my parents are well-taken care of in old age before starting a family of my own.

Would genuinely seek advise from the seniors and veterans to help this greenhorn on the prospects and progression as a marine/bunker surveyor (salary/bonus I am looking at if i decide to make this as a permanant job role), and would it be able to progress to other shipping jobs such as chartering/shipbroking/shipowner jobs as mentioned earlier with the experience gained as a surveyor. I have searched through google and popular forums in regards to this issue, but could not get a solid answer I am hoping for.

Thank you for taking time to read my wall of text. I can be contacted at [email protected] if any respondent would like to communicate via email.

Yours Sincerely,
Jobless Fresh Grad.

Hi there, may i know how did you manage to land a bunker surveyor job?

I am looking to join this industry as well. Please kindly advise. Thanks.

Originally Posted by Unregistered

Hi there, may i know how did you manage to land a bunker surveyor job?

I am looking to join this industry as well. Please kindly advise. Thanks.

It was through a friend introduction, maybe u would wanna converse with me through email in regards to this.

Jobless Fresh Grad.

Originally Posted by Unregistered

It was through a friend introduction, maybe u would wanna converse with me through email in regards to this.

Jobless Fresh Grad.

just dropped you an email. If you have skype (messenger) we chat there. Thanks.

Anyone with lobang?