Cargo Chartering

Timing and information are the two most valuable assets in the negotiation process due to the lack of transparency in the physical chartering market and fragmentation of ship ownership. From experience gained at Glencore, management recognised the benefit of controlling tonnage to acquire more market information and thus improve the economics of cargo shipping. By chartering both on behalf of ship-owners and cargo owners, we gain access to more and better information than our competitors. A higher volume of transactions allows us to transact more competitively and develop close relationships with the main ship-owners and oil majors. In this very volatile market, timing and ship-selection can save an oil trader over US$100,000 on a single voyage.

In this volatile market, timing and ship-selection can save oil trader over US$100,000 on a single voyage.