We are looking for an energetic and self-driven Senior Freight Trader for one of our global shipping clients. The Freight Trader would be responsible for pricing of freight and rate negotiation and business development with 3rd party cargo and tonnage clients. He/she will works closely with both internal and external cargo customers, whilst also commercially managing the period fleet, optimizing the regional program. With a focus on expanding the company’s reach and access with industrial cargo clients.
The ideal candidate would have at least 6 years of relevant experience with shipping preferably handy-size bulk carriers for the Asia Pacific region and possesses strong communication skills and is a self-motivated and assertive individual.
Primary Responsibilities
· Accurately price, sell and manage freight risk for internal clients
· Develop 3rd party relationships on cargo and owning side, to complement and expand base internal cargo flow
· Optimize regional position through arbitrage of derivative hedges and physical positions; cargoes (internal/external), contracts and period vessels.
Pricing:
· Participation in external markets, spot and forward, to identify ‘replacement’ market prices. Utilize in-house research and data analytics to identify market ‘mispricing’ and relative value trading opportunities.
· Using this price forecast as the basis for generating firm freight rates to provide to internal commodity traders for completion of CNF sales and market research. Also for the basis of external trading on cargoes, contracts and period vessels.
Position Management:
· Orchestrate and execute the optimization and profitable arbitrage of the regional book, interacting with other regional traders to find net best employment for period vessels.
· Actively participate in strategic discussions relating regional opinions into a global perspective and overall position.
Business Development:
· Expand third party network with a particular focus on accessing industrial cargo clients and bypassing operator/trader intermediaries. Seeking both spot, medium and long-term opportunities, including COAs and joint ventures.
Freight Contract Execution
· Works closely with Freight Operations to stay on top of the itineraries, stowplans, and voyage execution PnLs. Ensuring all documentary and administrative requirements are completely in timely manner.
· Evaluates and monitors contract performance to ensure compliance with contractual obligations and/or to determine the need for changes; if necessary/applicable consults with the Senior Trader on unusual price strategy, policy and operational issues.
· Adheres to the Corporate and/or Platform Risk, Credit, Compliance, and Ethics guidelines
Additional Responsibilities
· Research and evaluate trading partners based on price, quality, selection, service, support, availability, reliability, production, distribution capabilities, reputation and history.
· 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.
Internal Client Management:
· Organize and attend regular meetings with internal commodity traders to discuss market outlook, upcoming programs, target business and any execution/trading problems that require attention. Ensuring relevant commodity market themes and perspectives are effectively communicated for a broader Freight awareness.
Requirements
· At least 6+ years of relevant experience within Drybulk shipping preferably Handy-size experiences.
· Excellent oral and written English communication skills
· Strong MS Excel Skills. Data science and Statistics skills represent a plus
· Strong analytical and interpersonal skills
· Self-motivation, assertiveness, and emotional intelligence
· Extensive experience performing advanced freight calculations.
· Extensive experience/familiarity negotiating time-charter and voyage charterparty terms
· Extensive experience arbitraging freight positions on spot and forward markets.
· Experience and/or interest in analyzing balance sheets and working with researchers/data analysts.
We regret that only shortlisted candidates will be notified. Thank for your understanding.
