Assistant Manager, Chartering (Capesize)

Morgan McKinley; Singapore; On-site; SGD 180,000 - 240,000; Full time

Job summary

Morgan McKinley is seeking an experienced Chartering professional to execute time and voyage charter agreements for Capesize assets on a global basis, with a strong emphasis on decarbonization and new fuel technologies. You will manage charter-in/charter-out activities, vetting, market analysis, and project leadership to drive profitability and growth.

The role requires deep commercial and operational expertise, ability to lead cross-functional projects, and a proactive stance on identifying

Qualifications

• Bachelor's degree in any relevant discipline preferred.
• Over 5 years in dry bulk/mining shipping, capsize chartering preferred.
• Proven experience launching decarbonization projects.
• Proficient in negotiating voyage and time charter contracts.
• Strong finance and accounting understanding for chartering and new business development.

Responsibilities

• Negotiate and execute time charter-out and voyage charter agreements, including COAs, on long-term, medium-term, and spot basis.
• Manage time charter-in activities (spot/term) with shipowners as required.
• Prepare and implement practical arrangements to meet customer and industry vetting standards.
• Conduct regular market research to analyse freight/time charter rate trends and market dynamics.
• Prepare detailed reports for management on Capesize market outlook and forecasts.
• Assess and manage charterers’ creditworthiness to mitigate financial risk.
• Plan and manage vessel voyage schedules to optimise fleet utilisation.
• Lead commercial projects to enhance profitability and launch new decarbonisation initiatives.
• Execute Freight Forward Agreement deals to manage risk and profitability.
• Identify and research new business opportunities, especially decarbonisation-related, and formulate business plans.
• Lead commercial efforts in developing vessels focused on decarbonization (LNG, Ammonia, Methanol, biofuels).
• Support financial structuring and package development for new ventures as needed.

Skills

Commercial acumen

Operations expertise

Project management

Decarbonization knowledge

Education

Bachelor's degree

Job description

This role is responsible for supporting the execution of all Capesize chartering activities on a global trade route. The successful candidate will also be crucial in securing and establishing new projects, with a particular focus on decarbonization.

The position handles a fleet composed of conventional and potential new vessels utilizing new and emerging fuels such as LNG, methanol, and biofuels. This requires a professional with a strong commercial background, operational expertise, and project management skills who is flexible and enthusiastic about adapting to new technologies.

Key Responsibilities

• Negotiate and execute time charter-out and voyage charter agreements, including Contracts of Affreightment (COAs) on a long-term, medium-term, and spot basis.
• Manage time charter-in activities (spot/term) with shipowners as required.
• Prepare and implement practical arrangements to ensure vessels meet customer and industry vetting standards.
• Conduct regular market research to analyze freight/time charter rate trends, demand and supply dynamics, and the competitive landscape.
• Prepare detailed, fundamental-based reports for management on the Capesize market outlook and forecast.
• Assess and manage charterers’ creditworthiness to mitigate financial risks.
• Plan and manage vessel voyage schedules to optimize fleet utilization and commercial efficiency.
• Lead key chartering projects to enhance business profitability.
• Execute Freight Forward Agreement (FFA) deals to manage risk and secure profitability in alignment with company strategy.
• Identify and research new business opportunities, particularly those related to decarbonization, and formulate detailed business plans.
• Lead commercial efforts in developing and launching new vessel types focused on decarbonization (e.g., LNG, Ammonia, Methanol, biofuels).
• Support the financial structuring and package development for new business ventures as necessary.

Qualifications

• A Bachelor's degree of any relevant discipline is a plus.
• More than 5 years of experience in the dry bulk/mining shipping industry, with a focus on capsize chartering and mining is a plus.
• Demonstrated experience in launching new projects, especially those related to decarbonization, is a significant advantage.
• Proven experience in negotiating voyage and time charter contracts with owners and charterers.
• Proficiency in accounting and finance principles relevant to chartering and new business development.
• Demonstrated ability to build and maintain strong relationships with dry bulk industry stakeholders, including owners, charterers, and brokers.