Bunker Trader (Korean Speaker)

Navig8; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A maritime services company in Singapore is seeking a professional to liaise with suppliers for bunker fuel procurement. Candidates must be proficient in Korean and have strong negotiation skills. The role involves conducting market research, maintaining business relationships, and managing supply/sales contracts. A proactive mindset and the ability to work autonomously are essential. Travel to meet suppliers is required up to twice a year.

Qualifications

• 1-2 years in a similar role.
• Must be well versed with the Korean language; Japanese is a plus.
• Interest in the shipping market.

Responsibilities

• Conduct market research to identify prospective new customers.
• Liaise with existing 3rd party customers daily.
• Marketing Integr8 to third-party customers.

Skills

Proficiency in Korean

Strong negotiation skills

Proactive mindset

Ability to build relationships

Job description

Overview

About the Role becomes an integral part of Integr8’s trading business model. They are responsible for securing the best commercial terms possible with physical suppliers in the regions they operate and be the conduit of information between Integr8’s customer traders and suppliers’ market.

You will be liaising with Japanese / Korean suppliers regarding the supply of bunker fuel and to manage, build and maintain business relationships with current and potential suppliers.

Responsibilities

• Conducting market research to identify prospective new customers and winning new business
• Marketing Integr8 to third-party customers
• Bunker sales for a range of third-party customers
• Planning ideal bunkering ports for the voyage the vessel is planning
• Liaising daily with existing 3rd party customers
• Maintaining and improving the Bunker Trading Platform
• Managing the risk management activities of the supply/sales contracts in accordance to corporate tolerances such as mVar, Flat Price limit (Quantity), Stop Loss (USD), and Paper Tenor (Month) etc
• Employ risk management and profit optimizing strategies including but not limited to Fixed Forward Price (FFP), Capped Supply Contract (CSC), Discounted Floating Price (DFP), Physical Collar Contract (PCC) etc
• Daily DER (daily exposure report) to capture exposure

Qualifications

• Proficiency in Korean, strong negotiation skills, and a proactive mindset.
• Must be well versed with the Korean language. Japanese is a plus but not necessary
• 1-2 years in a similar role
• An interest in the shipping market
• Proactive mindset
• Commercially driven
• Ability to work autonomously as well as in a team
• Strong negotiation skills or a willingness to learn
• Willing to travel to meet suppliers (normally twice a year)
• Ability to build relationships at all levels