update on junior salaries from a former student of mine

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btw VS, just completed 2 years as a broker a few weeks ago, and I guess I’ll update the salary question bc that’s usually what everyone wants to see. I went from 45k the first year, to 55k the second year, to 75k into my current contract, not including bonuses. Currently in discussion with a few other shops/principals offering about 90k if I stay in the country I am in, and close to $120,000 if I go abroad. If I can get a handle on this, anyone can.

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Many thanks update. Not sure where you are and what currency you are using but either way whether it is USD, Euro, Pounds or Sing not a bad progression and a nice wage for someone in the game for 2 years..

Keep me updated - you are a legend!

VS

Another great question from a few weeks ago - sorry late posting

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Hi mate,

Big fan of your blog, great to read something that is explained as clearly as it is! 

I have recently started working as an FFA trader for a shipowners, but have barely been taught anything about the physical side of things. I have 2 questions if you would kindly answer. 

What are the advantages and disadvantages of fixing a spot ship?

China cut their interest rates recently meaning stock prices went up. How does that effect the shipping market?

Thanks!

 

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Answers anyone??? Love this interactive stuff

demurrage / half despatch - wtf?

Great question!

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Hi VS,

I am a fan of your wonderful blog.

Also brought one of your books "Shipbrokers Fasttrack" which was very informative and useful when I worked for a broking firm.

Presently, I work for a Charterer and I have 3 questions for you.

Why Despatch is half of Demurrage ?
Why not same as Demurrage ?
What is the logic behind Half of Demurrage ?

Thanks,

Best Regards
AC

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Who can answer???

Cmon - join in!