Assistant Manager, Chartering (Capesize)

MORGAN MCKINLEY PTE. LTD.; Singapore; On-site; SGD 110,000 - 150,000; Full time

Job summary

Morgan McKinley Pte Ltd is seeking an Assistant Manager, Chartering - Capesize to support global Capesize chartering activities and drive decarbonization initiatives. The role requires commercial acumen, operational expertise, and project management skills to handle diverse vessel types and fuels.

You will negotiate charter agreements, manage time charter-in/out, and conduct market analysis to forecast rates and trends, while leading decarbonization-focused projects and new ventures.

Qualifications

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

Responsibilities

• Negotiate and execute time charter-out and voyage charter agreements, including COAs on long-, medium-, and spot-term basis.
• Manage time charter-in activities (spot/term) with shipowners as required.
• Prepare arrangements to ensure vessels meet customer and industry vetting standards.
• Conduct market research to analyze freight/time charter rate trends and demand/supply dynamics.
• Prepare detailed reports for management on Capesize market outlook and forecasts.
• Assess charterers’ creditworthiness to mitigate financial risks.
• Plan and manage vessel voyage schedules to optimize fleet utilization.
• Lead chartering projects to enhance profitability.
• Execute Freight Forward Agreement (FFA) deals to manage risk and profitability.
• Identify and research new business opportunities, especially decarbonization-related, and draft business plans.
• Lead development of decarbonization-focused vessel types (e.g., LNG, Ammonia, Methanol, biofuels).
• Support financial structuring for new ventures as needed.

Skills

Commercial acumen

Operational excellence

Project management

Negotiation

Financial awareness

Stakeholder relations

Decarbonization focus

Education

Bachelor's degree

Job description

Assistant Manager, Chartering - Capesize

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.

Morgan McKinley Pte Ltd

Senjoo Khong

EA Licence No: 11C5502

EA Registration No.: R23116117