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Hi. I am a shipping company director, transport academic, author, family man and all round nice guy. I have worked as shipbroker, shipowner, freight trader and bulk charterer, in senior positions, with some of the largest and most disrespected (joke) companies in the world. Ask my advice on all things shipping and you will receive my blunt and always honest answer. Hang around to learn more about chartering and ship broker salaries, chartering and ship broker jobs, chartering and shipbroker recruitment agencies, cheap freight, maritime education, chartering and ship broker qualifications, become a ship broker, tips on how to be a successful bulk shipping executive, philosophy, Zen and the art of shipbroking, and much more. Yours The Virtual Shipbroker (recently proclaimed the guru of shipbroking) Copyright © 2009-17 by Virtualshipbroker

Wednesday, March 4, 2009

Baltic Dry Index - BDI - up 50

Steady gain - up 50 - biggest rizes in the panamax size. period activity quite strong.

Sitting at 2084 points..


  1. I am looking to start a career in shipbroking, and was wondering which sectors are the best paid? Is sale and purchase the best with dry cargo next?

  2. Hi

    How long is a piece of string? I Would suggest that all areas are well paid. Sale and Purchase is one of those sectors that can be sink or swim. Many of the top s&p brokers earn a heap of money but there are also many who havent sold a ship for some time and are on basic wages.

    Most shipbrokers, across all sectors are on fairly similar standard wages. (usd 127,000k being the current average). Bonus payments are where the big money is made. If you sell one 200 million dollar ship per year then you are in the bonus money.

    A dry cargo or tanker broker needs to do 100 fixtures per year to generate the same level of income so much more work intensive.

    So in conclusion - Sale and pruchase broking can be great. You can do very little work and earn millions but your pool of customers is small and hence riskier.