As a Shipbroker, your key function will be to arrange the ocean transport of goods and commodities by sea, and the employment of vessels, or to buy and sell ships on behalf of clients. You will be expected to provide client with a wide range of market intelligence and advice.
Fundamentally a sales position, you may be required to:
- Initiate a business deal to potential clients
- Negotiate the terms of contract or sale
- Finalise the details of the contract
- Follow the deal through to its conclusion
Typical employers include:
- Shipbroking firms
- Major shipping companies that employ in-house shipbrokers.
Shipbroking is a challenging job with long hours and brokers are expected to be available 24/7. You may also be required to travel widely and extensively due to the global and dynamic nature of shipbroking.
- Maritime Studies
Companies are generally willing to recruit people without experience or relevant qualifications as much the skills needed for the job is gained on-the-job. Nonetheless, a wide range shipping-related business courses are available in local established universities and overseas.
Some examples of related courses in local universities are:
- Bachelor of Science in Maritime Studies at NTU
- Bachelor of Science in Maritime Studies with Business Major at NTU
A typical career progression track for good performance can be:
Junior/Trainee Broker -> Senior Broker -> Management Positions
You should possess the following key traits:
- Excellent negotiating skills with a strong ability to influence people at all levels
- Strong people engagement skills to build a global network of contacts
- Strong commercial acumen and a dynamic personality to plan, work and deliver
- An ethical and professional code of conduct in handling confidential information and closing deals
The starting basic salary of shipbrokers is $2,500 to $3,000 per month, along with an attractive commission structure. Shipbrokers with 2 to 3 years of experience can expect to earn $4,000 to $4,500 per month.
Find out more about being a Shipbroker from Raymond Tham, a shipbroker with Eastport Maritime Pte Ltd.