One of our global dry bulk freight operator clients is looking for an energetic and self-driven Freight Trader to join their dynamic and culturally diverse team. He/she would be responsible for pricing of freight and rate negotiation, develops and builds relationships with 3rd party cargo and tonnage clients and works closely with the Freight Operations team for freight contract execution and ensuring corporate and/credit, compliance and ethics guidelines are adhered to. The ideal candidate would have at least 3 years of relevant experience with shipping preferably dry bulk/ handy size vessels, possesses strong communication skills and is a self-motivated and assertive individual.
- Pricing of Freight and Rate Negotiation
1.1) Communicates with internal traders and vessel owners/brokers to price freight needs; uses FFA and analyzes external price proposals to determine fair market prices; negotiates freight rates and other Charter Party contractual terms under supervision.
1.2) Develops and builds relationships with third party cargo and tonnage clients and identifies and pursues trading flows complimentary to the company’s existing tonnage and cargo book. Liaise with internal commodity teams to anticipate demand while ensuring smooth internal shipment program.
1.3) Utilizes in-house research and knowledge to anticipate freight market demands and trends, both short and long term, and uses in-house and third-party cargo and tonnage to position the company to extract value anticipating these changes
1.4) Researches information from the freight market through communication with brokers and owners to assist in accurately assessing freight levels and projecting freight levels.
1.5) Provides information on grain and minor bulk flows as well as competitor and supplier activities to the global team as applicable.
1.6) In the course of pricing and negotiation, identifies and trades arbitrage and hedging opportunities in the freight derivatives and futures market, and assesses the opportunity of applying a period ship or new period ship fixture against a freight sale
- Freight Contract Execution
2.1) Works closely with Freight Operations to stay on top of the itineraries, stow plans, and voyage execution PnLs. Ensuring all documentary and administrative requirements are completely in timely manner.
2.2) Evaluates and monitors contract performance to ensure compliance with contractual obligations and/or to determine the need for changes; consults with the Senior Trader on unusual price strategy, policy and operational issues.
2.3) Adheres to the Corporate and/or Platform Risk, Credit, Compliance, and Ethics guidelines
- Additional Responsibilities
3.1) Research and evaluate trading partners based on price, quality, selection, service, support, availability, reliability, production, distribution capabilities, reputation and history.
3.2) Undertake and completes training on: Time charter and Voyage charter parties, FFA contract negotiation and execution; Vessel bunkering hedging and execution; Internal freight accounting practices; Internal freight IT systems.
- Bachelor or Master Degree in Engineer/ Mathematics/ Finance/ Economics/ Maritime Concentration
- 3 – 5 years of relevant experience within shipping preferably drybulk and handysize
- Excellent oral and written English communication skills
- Strong MS Excel Skills. Data science and Statistics skills
- Strong analytical and interpersonal skills
- Self-motivation, assertiveness and emotional intelligence