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How to build a successful career in Ship Chartering

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Shipping is a special and very demanding Industry which requires a lot of dedication, knowledge and skills in order for someone to build a successful career. Ship Chartering primary deals with the employment of the vessels by following the shipping, commodity and other financial markets, building valuable relationships and drafting appropriate charter party contracts. Therefore, its practitioners should develop various fields of expertise in order to grow and succeed in ship chartering.

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How to build a successful career in Ship Chartering

  1. 1. How to build a successful career in Ship Chartering
  2. 2. Where to Start ?
  3. 3. Types of positions to start 1 Ship broking office - as competitive broker or trainee Freight forwarding company - as forwarding agent 2 3 4 Shipowner’s office - in chartering, post-fixing or operation departments Charterer’s or Shipper’s office - chartering or post-fixing departments
  4. 4. 1 Ship broking office Freight forwarding company 2 Working in a ship broking office is a very competitive job and in order for someone to start his career in this position, he should convince the prospective employer that broking is the ideal career and is equipped with the necessary skills to conclude deals effectively. Keep in mind, most ship broking firms prefer to grow their own brokers from a trainee or intern stage, guaranteeing high loyalty to the company. A job related to a freight forwarding company or a Charterer’s office, providing a closer connection to the cargo side of the spectrum.
  5. 5. 3 Shipowner’s office Charterer’s or Shipper’s office 4 Working from the Owner’s perspective can improve the technical knowledge of the ships and give a deeper understanding of maritime economics. Post-fixing and operation departments handle the daily issues of a charter party and provide experience which will definitely be required for a chartering position. Here you can start from the import/ export or the customs departments and then advance to post-fixing or chartering department. The role foresees you to be making and maintaining connections with shipowners.
  6. 6. Where to Learn ? To be the best fit in shipping, four key characteristics are needed: - good English, which is the main language of communication, - perseverance and willingness to keep learning, - exceptional communication skills, - the ambition to become the best of the best!
  7. 7. 1 Institute of Chartered Shipbrokers Lloyds Maritime Academy 2 Institute of Chartered Shipbrokers (ICS) courses can be attended both via distance learning and at one of the ICS branches around the world end up with annual examinations. By passing the Institute’s examinations one is becoming a member of ICS and get the prestigious services of a close club. Lloyds of London, via their Lloyds Maritime Academy, are offering both independent courses and complete programs which can be attended via distance learning.
  8. 8. 3 Baltic Exchange, BIMCO and IMO + Begin with comparison of all available courses and build your own list of interests according to your needs and plans. Baltic Exchange, BIMCO and IMO (International Maritime Organisation) courses are specialised in chartering (e.g. analysis of charter party forms, c/p clauses, legal cases etc), which can help you to enrich professional knowledge on chartering and handle negotiations more efficiently.
  9. 9. How to succeed ?
  10. 10. Build relationships & stay connected + meet new people, establish relationships and make friends + attend various events related to shipping, at least once a year + use your LinkedIn & Facebook pages to follow ship chartering community + don’t forget about your reputation, this is your own personal brand
  11. 11. Study the markets + follow the market dynamics on a weekly/daily basis, commodity and financial markets + + look for reliable reports related with your segment of expertise + analyse the data and make your own conclusions about the current market conditions and prospects watch out for new chartering apps and services, follow new technologies
  12. 12. How OpenSea can help you to succeed ?
  13. 13. The best chartering manager or broker is the one who can find the best cargo or ship within minutes. This is where OpenSea is better than any professional, as we are giving you suitable ship or cargo immediately after you place your open position. So you just have to choose the best one and start firm negotiations.
  14. 14. How does OpenSea work?
  15. 15. In-app & email on-boarding gives positive experience and helps to get acquainted with the service
  16. 16. Very simple process of position placement, takes just a few minutes to add ship or cargo
  17. 17. Matching algorithm searching for suitable positions round the clock
  18. 18. The user only needs to choose with whom to start a firm negotiation, and can fix a deal without leaving our service
  19. 19. After completion of the voyage, both sides can leave feedback and gain reputation
  20. 20. Freight Analytics allow to trace the current market, obtain insight and make forecasts
  21. 21. What’s the next logical step for me to take ?
  22. 22. If you’re considering OpenSea - Sign up for a free trial at OpenSea.pro and take a look at how you can benefit from our product. More information available through our blog: https://opensea.pro/blog/find-cargo-or-ship We’re happy to offer you our continuous support.
  23. 23. https://www.facebook.com/OpenSea.pro https://www.linkedin.com/in/OpenSeapro hello@opensea.pro in OpenSea.pro

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