We have had many discussions regarding how, in bulk shipping, do shipowners calculate the price of their ships at any given moment. How is it that one day a ship is woreth this much to hire and the next day the rate is different? How is it that two seamingly similar vessels are rating the same cargo / business at very different rates?
This answer is long and varied and my voyage estimation pack will answer this question and more in great detail.
But alas I have a short answer! And this is the truth.....so take note any unsuspecting charterer or mining company..
A SHIPOWNER WILL CHARGE WHAT HE/SHE THINKS YOU CAN PAY!
Say it loud - bulk shipping is a commodity business (the commodity being FREIGHT) not a cost business.......
This also explains why shipbrokers and freight traders get paid the same if not more than commodity traders and brokers. Many people think that organising shipping is the menial job of a lowly paid shipping clerk.
When people realise that millions are being made and lost and that bulk freight is highly negotiable, tradeable commodity - then we get closer to the truth.
- The Virtual Shipbroker
- 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