tag:blogger.com,1999:blog-1301590790606020.post4032500213039522731..comments2024-02-23T00:46:53.433-08:00Comments on The Virtual Shipbroker: An open question from a readerThe Virtual Shipbrokerhttp://www.blogger.com/profile/13194680475223774516noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-1301590790606020.post-15629793799667486742010-11-23T02:47:44.422-08:002010-11-23T02:47:44.422-08:00Yes - i cover the idea of freight trading (ships a...Yes - i cover the idea of freight trading (ships and derivatives) in 'Inside SHipbroking".<br /><br />Basically taking a position means any decision where one has 'exposure' to the markets - any markets. <br /><br />In shipping we can take positions hundreds of different ways. <br /><br />Cheers<br />VSThe Virtual Shipbrokerhttps://www.blogger.com/profile/13194680475223774516noreply@blogger.comtag:blogger.com,1999:blog-1301590790606020.post-54153079017030389942010-11-23T02:20:07.511-08:002010-11-23T02:20:07.511-08:00Taking a position can be divided into two sections...Taking a position can be divided into two sections basically : A)Physical Trading (charter a vessel , sell a vessel etc) and B)Paper Market Trading (FFAs mostly). As i see you already have covered section A in some of the comments i will briefly explain section B.<br /><br />To take a position in paper market trading means to enter a forward agreement for some underlying commodity (bunkers,Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1301590790606020.post-35068348503202358352010-11-22T11:57:33.401-08:002010-11-22T11:57:33.401-08:00I would say that 80 percent of all shipping deals ...I would say that 80 percent of all shipping deals include brokers and 20 percent are done directly (no brokers) between principals.The Virtual Shipbrokerhttps://www.blogger.com/profile/13194680475223774516noreply@blogger.comtag:blogger.com,1999:blog-1301590790606020.post-79788530450974079692010-11-22T11:11:08.350-08:002010-11-22T11:11:08.350-08:00A company has to trade even with shipbrokers, righ...A company has to trade even with shipbrokers, right?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1301590790606020.post-15546228862445400392010-11-17T12:08:24.286-08:002010-11-17T12:08:24.286-08:00Hi there
I suggest you read 'inside shipbroki...Hi there<br /><br />I suggest you read 'inside shipbroking' where I explain the role of a 'freight trader' also known as a 'shipoperator". <br /><br />Its a big topic<br /><br />Cheers<br />VSThe Virtual Shipbrokerhttps://www.blogger.com/profile/13194680475223774516noreply@blogger.comtag:blogger.com,1999:blog-1301590790606020.post-76687745527255207842010-11-17T07:47:58.057-08:002010-11-17T07:47:58.057-08:00"Taking a position basically means 'tradi..."Taking a position basically means 'trading' - or going long or shot in ships or cargoes."<br /><br />Could you expand on this? Who are they 'trading' with?<br /><br />How does a company go long or short? Once again, I understand this in Wall Street terms, so if it is similar you can go off that analogy. From my understanding Operations takes over after the shipbroker Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1301590790606020.post-67232743165179221062010-11-17T04:33:09.818-08:002010-11-17T04:33:09.818-08:00Freight trading..Freight trading..sznoreply@blogger.comtag:blogger.com,1999:blog-1301590790606020.post-31405088889378933882010-11-17T02:42:17.734-08:002010-11-17T02:42:17.734-08:00mmm....interesting
Yes 'taking a position'...mmm....interesting<br /><br />Yes 'taking a position' can be stressful. Taking a position basically means 'trading' - or going long or shot in ships or cargoes.<br /><br />It can be even more stressful if you have to do it week in week out for years on end. Its like one is on war footing most of the time.<br /><br />I always prefer/ed fixing company tonnage personally.<br /><br />The Virtual Shipbrokerhttps://www.blogger.com/profile/13194680475223774516noreply@blogger.comtag:blogger.com,1999:blog-1301590790606020.post-49445370038193367932010-11-17T02:04:57.892-08:002010-11-17T02:04:57.892-08:00sleepless nights, high blood pressure, tendency to...sleepless nights, high blood pressure, tendency to switch to psychopath mode with wife. Ahh, the joys of capitalism!!!Anonymousnoreply@blogger.com