happy or sad shipbrokers? #shipping

For once, let’s take it from a broker prospective.

You have the happy one

happy-broker

(“OMG, they just lift the subs!”)

the one who fixed this well named mv« Majestic Sky » for 62’000 10 ferts from Klaipeda to N.china reported done at 29usdpmt. Assuming the broker took the standard 1.25% (unless this is done via a big broker house pretending to be direct with both owners and charterers but in reality Paul in the asian office is handling the relationship with the owners and Patrick based in Geneva is handling the relationship with the charterers, which makes 1 company in between but 2 offices and 2 brokers payroll), then on the basis of 1 brok com, it’s something like this is the kind of fixture any brokers would be pleased to fix once per day. On the basis of 68200mt loaded (majestic sky is a 82kdwat) this ends up to be a $23’000 commission ($11’500 for Paul and Patrick alternatively).

Then you have ones wondering if they shall have been involved in the fixture

sad-broker

(“OMG, don’tell me they just lifted the subs!”)

The one who fixed the mv « nautical Amethyst » 57kdwat from CJK to West Africa reported done at $1’500/day for 70 days then $5’500 daily afterwards. Assuming the broker took the standard 1.25% (unless this is done via a big broker house pretending to be direct with both owners and charterers but in reality Jack  in the asian office is handling the relationship with the owners and Philip based in Geneva is handling the relationship with the charterers, which makes 1 company in between but 2 offices and 2 brokers payroll), then on the basis of 1 brok com, it’s something like this is the kind of fixture any brokers would be pleased to fix max once per day. On the basis of 70 days duration this ends up to be a $1’312.50 commission ($656.25 for Jack and Philip alternatively). If duration is 71 days, then you can add 68.75usd to be shared equally. If Jack and Philip have to call each other more than once to sort out some issue on this fixture, let’s hope they have access to skype. Otherwise it’s ending up to be a costy fixture for the brokers.

Trust the above is summarizing quite well the market situation. So much unbalanced between Atlantic and FEAST. We have not tried to understand Owners key decision maker to make them accept $1500 daily but no needs to be a genius to understand for owners it pays the ballast bunkers, it’s pays the cigarets and then once open in Wafr, he may be able to get $10’000 daily dely ecsa redel Skaw.

It’s still bit early to know if next fixture of mv ‘nautical Amethyst ‘ is going to be fixed by  Paul and Patrick or by Jack and Philip.

If you still have a bit of time ahead of you, you should find out Bmti today report somewhere as they’re talking about our friend UBER (or a looklike) who’s knocking at shipping doors. Does it mean brokers will become one day useless. As brokers I don’t think so. For sure not the ones bringing you bright market reports. I like to believe in it anyway.

Then you have us, always happy to fix

party

(fixed! what’s next?)

As you know our fuel here is the joy of fixing, the joy of bringing the right service, the commission is only the cherry on the cake. We are like that at Pelagos.

Jerome

 

 

 

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