Bunker trader - Page 3 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




Bunker trader

Reply
 
Thread Tools
  #21 (permalink)  
Old 31-01-2016, 02:10 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
no sh*t. must borrow 500k to make 7% for 3 years then still must fork out money to hire an auditor all the way.

are us serious or making sh*t up as you go along? u trying to get a simple youngster w/o exp who just wants to find a good paying job into trouble har?
I can craft a realistic and successful story of someone, through hard work and perseverance, reached the apex of the investment industry where in his journey did, through very legitimated means, what I mentioned. But to not waste any one's time, I wouldn't.

Reply With Quote
  #22 (permalink)  
Old 31-01-2016, 05:16 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I can craft a realistic and successful story of someone, through hard work and perseverance, reached the apex of the investment industry where in his journey did, through very legitimated means, what I mentioned. But to not waste any one's time, I wouldn't.
if u dunno anything abt bunker trades then just f off. nobody is interested in how good u r at crafting stories.

Reply With Quote
  #23 (permalink)  
Old 01-02-2016, 12:03 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
if u dunno anything abt bunker trades then just f off. nobody is interested in how good u r at crafting stories.
Actually I'm ok. But need to go by something ma. So I read other forums, read successful people wiki, then try to mimic them. They do A get B so I try to do A then hope to B. Sometimes succeed but if cannot then LL.

Reply With Quote
  #24 (permalink)  
Old 01-02-2016, 03:41 PM
Unregistered
Guest
 
Posts: n/a
Default

Sinkies here really hopeless. Ask them take a bit of risk also scared. If you don't borrow big and prove you can win big, nothing will happen. Safe track is guarantee for no achievement.
Reply With Quote
  #25 (permalink)  
Old 01-02-2016, 03:54 PM
Unregistered
Guest
 
Posts: n/a
Default

Haha in the end nobody bother to answer the question or help the ts. All more interested in acting like insider by posting bs story. This forum is only useful for asking normal jobs like civil service, stat board, GLC, starting pay for grads and some blue collar position. Anything more than that end up with nothing but rubbish.
Reply With Quote
  #26 (permalink)  
Old 02-02-2016, 10:40 AM
Senior Member
 
Join Date: Nov 2013
Posts: 64
aplover is on a distinguished road
Default

this forum is really funny at times when i see Unregistered people talking to Unregistered people and trying to think of how many actual people are talking to each other.

I'm not so sure about bunker trading, not sure how different it is from the standard oil and products trading. Should have some similarities. But i see for bunker trading there are more ah der ah kow companies doing it. I guess it's abit more cow boy land? Also salaries don't look great for base pay, again this is based on what i see on job websites. So those numbers may not be real but i think my friends in oil trading get more.

With the decline in the oil markets and forcing of banks to shut down oil trading desks, there's more supply of oil traders in the market. Some of these oil traders have been forced to do bunkering, i would think so overall there's a depression of salaries especially in the current market when prices are weak.
Reply With Quote

  #27 (permalink)  
Old 02-02-2016, 11:24 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by aplover View Post
this forum is really funny at times when i see Unregistered people talking to Unregistered people and trying to think of how many actual people are talking to each other.

I'm not so sure about bunker trading, not sure how different it is from the standard oil and products trading. Should have some similarities. But i see for bunker trading there are more ah der ah kow companies doing it. I guess it's abit more cow boy land? Also salaries don't look great for base pay, again this is based on what i see on job websites. So those numbers may not be real but i think my friends in oil trading get more.

With the decline in the oil markets and forcing of banks to shut down oil trading desks, there's more supply of oil traders in the market. Some of these oil traders have been forced to do bunkering, i would think so overall there's a depression of salaries especially in the current market when prices are weak.
So in short your info on bunker trading is from reading online and oil trading is from your “friends”?.

Is there anyone here who really has experience doing actual bunker trading can comment???

Would really appreciate some insights. As for those who are not in the industry and have opinions they hear from others, thank you for the contribution, but some of us here really need more accurate insider insights instead of generic comments.
Reply With Quote
  #28 (permalink)  
Old 02-02-2016, 12:00 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
So in short your info on bunker trading is from reading online and oil trading is from your “friends”?.

Is there anyone here who really has experience doing actual bunker trading can comment???

Would really appreciate some insights. As for those who are not in the industry and have opinions they hear from others, thank you for the contribution, but some of us here really need more accurate insider insights instead of generic comments.
At least he contributed relevant information.

"bunker trading there are more ah der ah kow companies doing it" - he might see from reputable sources.
"salaries don't look great for base pay" - this is the only part where he mentioned websites.
"i think my friends in oil trading get more" - why you assume they are not his real friends? And I think he mentioning oil trading can serve as a gauge on how much bunker trader makes, which is relevant.

I know we're all looking for insights. But I think this poster make a decent contribution to the discussion.
Reply With Quote
  #29 (permalink)  
Old 02-02-2016, 06:44 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
So in short your info on bunker trading is from reading online and oil trading is from your “friends”?.

Is there anyone here who really has experience doing actual bunker trading can comment???

Would really appreciate some insights. As for those who are not in the industry and have opinions they hear from others, thank you for the contribution, but some of us here really need more accurate insider insights instead of generic comments.
I'll create some good karma for myself by sharing. My husband was a bunker trader for about close to 2 years and recently left the industry. He shares with me what goes on at work daily so I have a very good idea what the job entails. In short, it's a very bad time to join the industry now. I'll list the points down:

1. Shipping industry is doing badly so the requirement for bunker (marine fuel) has also dropped in correlation.
2. With the implementation of the mass flow meter, suppliers aren't able to quote low prices by short changing the ships anymore. The margin has dropped by a lot.
3. It's a very competitive industry with many small and medium bunker trading companies fighting for the same pie. I quote an example, for a trade of about USD 50k for a small vessel the profit margin is only about USD1-2k. Even if u get a 10% cut out of the 1-2k it's only usd 100-200. They expect u to make profits enough to cover your base pay before u get any bonus sharing. Only the few big boys are able to trade with the big shipping companies as they have huge volumes and thus are able to negotiate for much better prices with suppliers compared to the small and medium fry bunker trading companies.
4. Within the trading companies competition between traders is very stiff. For the past 1 year after the fall of OW bunkers ( u can google for yourself to find out what happened) , the traders from OW flooded the markets and they join existing bunker creating a very very negative infighting environment. They fight for the same customers with each other.
5. My husband has been getting quite a few calls from recruiters asking if he's keen to join etc bunker trading companies but no thanks. He has found a much better industry where the environment is healthier and more stable. Recruiters told him a lot of bunker traders have exited the industry and they can't find experienced ppl to join. It must be bad enough for the experienced ones to switch.
6. Basic pay if u look around in indeed.sg or jobstreet, could be anyway from 2.5k to 3+k. Not going to reveal my husband's pay here. A lot of the companies want u to have existing customers before they hire u, they don't have time to wait for u to build up your customer base or learn from scratch, they basically want to see the $$ now so fresh grads have almost naught chance of entering.
7. If you don't hit your target u will be asked to go, they only give u 6 months to perform, after that u can FO if they don't see the $$$. Happened to my husband's colleagues. Heard the common target is $20k profit, not revenue mind you.

Anymore questions feel free to ask me. I'm so happy my husband left this industry.
Reply With Quote
  #30 (permalink)  
Old 04-02-2016, 02:34 AM
Unregistered
Guest
 
Posts: n/a
Default

I'm a Bunker trader and yes. it is very competitive amongst traders

It's a game of poker. trying to outsmart your competitors. getting support from physical suppliers.

What those guys mentioned earlier on is Oil Trading/cargo

Bunker trading is basically a sales job. Nothing glamorous.

If you are good pay would be quite substantial. Im doing 20k within a few months of joining

The industry. And i had no connection. Just keep applying. if you are not a people's person. forget about this job. U need excellent relationship with both clients n suppliers
Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Be a commodities trader Salary.sg Income and Jobs 223 03-10-2022 10:43 PM
Bunker Oil Trader alibaba Income and Jobs 25 16-09-2015 10:55 AM
Trader job emptybottle Income and Jobs 8 20-03-2015 10:57 AM
Junior Trader Makes $200k Salary.sg Income and Jobs 12 10-06-2014 11:23 AM
Advice needed - Soccer Trader sebeisuay Income and Jobs 4 02-06-2011 04:47 PM

» 30 Recent Threads
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
5,827 Replies, 4,655,731 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
15,302 Replies, 4,981,418 Views
UOB Management Associate Program ( 1 2 3... Last Page)
1,453 Replies, 783,930 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
5,338 Replies, 4,767,513 Views
Career as Teacher ( 1 2 3... Last Page)
10,818 Replies, 6,661,094 Views
Compare civil service salary ( 1 2 3... Last Page)
16,342 Replies, 12,452,060 Views
Civil Service Current Estimated... ( 1 2 3... Last Page)
169 Replies, 308,687 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
678 Replies, 387,858 Views
Constituency Manager (People... ( 1 2 3... Last Page)
989 Replies, 813,707 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,920 Replies, 2,901,955 Views
Julius Baer Graduate Program 2023 ( 1 2 3)
21 Replies, 14,713 Views
Roles in accenture singapore ( 1 2 3... Last Page)
7,385 Replies, 2,323,161 Views
Lawyer Salary ( 1 2 3... Last Page)
21,013 Replies, 10,327,547 Views
GovTech ( 1 2 3... Last Page)
5,159 Replies, 2,162,195 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
752 Replies, 357,864 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
1,049 Replies, 440,352 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,464 Replies, 1,374,783 Views
ST Electronics ( 1 2 3... Last Page)
3,767 Replies, 1,543,991 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,794 Replies, 1,042,931 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,260 Replies, 613,282 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,123 Replies, 3,738,064 Views
MX12 reappointed at MX11
8 Replies, 757 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
307 Replies, 368,614 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
749 Replies, 405,191 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,329 Replies, 1,141,656 Views
MFA- Foreign Service... ( 1 2 3... Last Page)
54 Replies, 84,905 Views
Cybersecurity/Info security career ( 1 2 3... Last Page)
511 Replies, 268,359 Views
Visa Graduate Development Program ( 1 2 3... Last Page)
206 Replies, 134,416 Views
Singapore Airlines ( 1 2 3)
22 Replies, 11,250 Views
NUS (National University of... ( 1 2 3... Last Page)
318 Replies, 318,768 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 07:50 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2