About the Role
Marsoft is seeking a Senior Market Analyst (Dry Bulk) to lead our dry bulk market coverage, own the forecast, and serve as a primary voice to clients. Our analysts build the supply and demand models, scenario forecasts, and vessel valuations that banks, lessors, investors, and shipowners use to make lending and investment decisions. Each quarter we publish Base, High, and Low Case forecasts for every segment we cover, and between releases we track the market closely enough to issue interim updates when it moves.
Responsibilities
- Own supply, demand, and earnings models for the dry bulk market, from fleet and orderbook through tonne-mile demand and fleet utilization.
- Produce quarterly Base, High, and Low Case forecasts for freight rates, time charter rates, newbuilding prices, and secondhand values by vessel age.
- Translate geopolitical and trade disruptions, such as chokepoint closures, rerouting, sanctions, and tariffs, into explicit, defensible scenario assumptions.
- Reconcile model estimates with actual fixtures and sale-and-purchase transactions, and explain revisions to clients.
- Write quarterly market reports and monthly eBriefs, and build internal chartpacks that compare each release with the last.
- Test each release in our valuation software before clients see it, checking that values are consistent across vessel ages and specifications.
- Answer client questions from banks, lessors, and owners on valuations, operating costs, and forecast accuracy.
- Maintain market datasets from broker reports, freight indices, and vessel-tracking sources, and help automate their collection.
- Own the dry bulk forecast end to end, present it to clients and at industry events, and mentor junior analysts.
Market Focus
- Iron ore, coal, grain, and minor bulk trades, and the economic drivers behind them, especially in China.
- Fleet growth, orderbook, and shipyard capacity across Capesize, Panamax, Supramax, and Handysize vessels.
- Charter rate volatility and how it feeds through to secondhand values by vessel size and age.
Requirements
- 5+ years of shipping market analysis or research, including in-depth coverage of the dry bulk market.
- Strong quantitative skills and experience building forecasting or econometric models.
- Comfort working in large Excel model workbooks; Python, R, or SQL preferred.
- Clear writing for professional audiences.
- Willingness to defend assumptions, and to change views when the data says so.
Education
- Bachelor's degree in Economics, Finance, Maritime Studies, Engineering, or a related quantitative field; a Master's degree is a plus.
- Progress toward the CFA or a maritime qualification (e.g., Institute of Chartered Shipbrokers) is a plus.
Desired
- Familiarity with industry market data, broker weekly reports, freight indices, or AIS-derived trade data.
- Experience presenting to bank credit teams or senior clients.