Mr. Chinmay Wasnik :- GE Group Shipping India Head

What responsibilities does your job entail and what does an average day look like?

As a Chartering Manager its very great responsibility to manage the team with lots of positivity and keeping the working environment light. Guiding team in every situation if they are stuck.

An average day for a chartering manager may involve:

???????? Reviewing market reports and news to stay updated on industry developments.

???????? Communicating with shipowners, brokers, and internal stakeholders to discuss chartering requirements and negotiate terms.

???????? Analyzing charter party agreements and conducting risk assessments for potential charter contracts.

???????? Participating in meetings or conference calls with team members or external parties to discuss strategy, market conditions, and upcoming chartering opportunities.

???????? Managing documentation and paperwork related to ongoing charter contracts, including amendments, extensions, or terminations.

???????? Monitoring vessel movements and market trends to identify potential opportunities or risks.

???????? Collaborating with other departments such as operations, legal, and finance to ensure seamless execution of chartering activities.

What was your path to your current position?

Switching to Commercial shipping after Merchant Navy was quite tough, had a great secured job but yes commercial shipping was always a second thought after success with sailing on ships as an officer.

As they say we have to sacrifice few things to gain and adopt new things in life.

The current position myself and company is heading no doubt its going to be very successful in coming years, as the path / goal and aims are set.

?

What are the main changes you’ve seen in your field since you began and how do you see it evolving? What changes would you like to see?

Since I have joined and after evaluating the market since then till now it has been quite steady in terms of owners point of view and as well as charterers.

Yes few ups and downs are happening at regular intervals of span.

Vessel owners are moving into segments where they can even move there vessel from a low earning basin to high earning basin facing the losses as well.

Further advancements in autonomous shipping technologies, including the deployment of remotely operated and unmanned vessels.

Continued efforts to reduce carbon emissions and achieve carbon neutrality through the development of zero-emission vessels and the adoption of renewable energy sources.

?

What do you like most about your job and what would you like people considering a career in your area to know about it?

One aspect that many find appealing about commercial shipping is the global nature of the industry. It's fascinating to think about goods being transported across vast oceans, connecting distant parts of the world and facilitating international trade. For those who enjoy traveling or have an interest in global economics and logistics, commercial shipping offers a dynamic and ever-changing environment.

For those considering a career in commercial shipping, here are some important things to know:

Diverse Opportunities: The industry offers a wide range of career opportunities, from working on ships as crew members to shoreside roles in operations, logistics, management, engineering, and more.

Challenges and Rewards: Working in commercial shipping can be demanding, with long hours and time away from home for those at sea. However, it also offers unique rewards, such as the opportunity to see the world, competitive salaries, and the satisfaction of playing a crucial role in global trade.

Continuous Learning: The commercial shipping industry is constantly evolving, with advancements in technology, regulations, and practices. Those entering the field should be prepared for a lifetime of learning and adaptation.

Global Collaboration: Commercial shipping relies heavily on international cooperation and collaboration. Professionals in this field must be adept at working with people from diverse backgrounds and cultures.

Overall, a career in commercial shipping can be both fulfilling and challenging, offering opportunities for personal and professional growth while playing a vital role in global commerce.