Company Description: AquaStar Worldwide is an asset owner company focused on investments in the maritime sector, with a primary emphasis on building a high-quality asset pool of container ships and tankers operating globally. The company serves international shipping needs, supporting reliable and effective cargo transportation across key trade routes. AquaStar Worldwide is also exploring diversification by investing in maritime ports and related digital or physical infrastructure.

This approach allows the organization to participate in multiple parts of the maritime value chain and create long-term, sustainable growth opportunities for its stakeholders.

Role Description The Chartering Executive is responsible for supporting and managing vessel chartering activities, identifying business opportunities, negotiating charter party terms, and coordinating with shipowners, charterers, brokers, and internal operations teams. The role aims to maximize vessel utilization, optimize freight earnings, control operational costs, and ensure the smooth execution of chartering contracts in accordance with company policies and maritime industry practices.

Key Responsibilities

A. Vessel Chartering and Commercial Activities

- Identify and develop business opportunities for vessel employment in domestic and international shipping markets.
- Source suitable cargoes, vessels, and chartering opportunities in accordance with the company’s commercial strategy.
- Handle vessel chartering activities under voyage charter, time charter, and other applicable charter arrangements.
- Liaise with shipbrokers, cargo owners, charterers, shipowners, and shipping agents to obtain competitive market offers.
- Prepare and evaluate freight quotations, vessel offers, counteroffers, and commercial proposals.
- Monitor market freight rates, vessel availability, cargo demand, and competitor activities.

B. Charter Party Negotiation and Documentation
- Negotiate charter party terms and conditions, including freight rates, hire rates, laytime, demurrage, dispatch, bunkers, and other commercial clauses.
- Assist in drafting, reviewing, and finalizing charter party agreements in coordination with management and relevant departments.
- Ensure that contractual terms, deadlines, and obligations are properly recorded and communicated to the relevant parties.
- Maintain accurate records of fixtures, charter party agreements, amendments, and supporting documentation.
- Escalate contractual risks, disputes, and non-standard commercial terms to management.

C. Vessel Operations Coordination




- Coordinate with the operations team to ensure vessels perform according to agreed charter party terms and schedules.
- Monitor vessel positions, expected arrival and departure times, loading and discharging operations, and voyage progress.
- Liaise with port agents, vessel operators, masters, and charterers regarding voyage instructions and operational requirements.
- Follow up on cargo readiness, port restrictions, documentation, and other matters that may affect vessel performance.
- Identify and report delays, deviations, and operational issues that may result in additional costs or contractual claims.

D. Freight, Hire and Cost Control
- Monitor freight payments, hire payments, bunker expenses, port charges, and other voyage-related costs.
- Coordinate with the finance department to ensure timely invoicing, payment follow-ups, and settlement of chartering accounts.
- Review voyage estimates and actual voyage costs to assess commercial performance and profitability.
- Assist in preparing voyage profit and loss statements and post-fixture performance reports.
- Monitor demurrage and dispatch calculations and coordinate the preparation, submission, and settlement of related claims.

E. Market Research and Business Development
- Monitor shipping market developments, freight indices, vessel supply and demand, and relevant trade routes.
- Maintain relationships with existing charterers, shipbrokers, cargo owners, and other industry stakeholders.
- Identify new customers, cargo sources, trade routes, and vessel employment opportunities.
- Prepare regular market updates, chartering reports, and commercial recommendations for management.
- Support the development of long-term chartering relationships and repeat business.

F. Compliance and Risk Management
- Ensure chartering activities comply with company procedures, contractual obligations, and applicable maritime regulations.
- Coordinate with relevant departments to verify vessel suitability, trading restrictions, insurance requirements, and other applicable compliance matters.
- Identify commercial, operational, credit, and contractual risks before confirming fixtures.




- Maintain confidentiality of commercial information and customer relationships.
- Ensure proper filing and traceability of chartering records and correspondence.

Qualifications and Experience

Bachelor’s degree or diploma in Maritime Studies, Shipping, Logistics, International Trade, Business Administration, or a related field.

Preferably 2–5 years of experience in ship chartering, ship operations, commercial shipping, or a related maritime role.

Practical knowledge of voyage charter, time charter, charter party agreements, freight calculations, laytime, and demurrage.

Familiarity with shipping routes, vessel types, port operations, and international shipping practices.

Experience working with shipbrokers, charterers, shipowners, and shipping agents is an advantage.

Good command of written and spoken English.

Proficiency in Microsoft Excel, Word, email, and shipping-related software.

Required Skills and Competencies

Strong commercial awareness and negotiation skills.

Good understanding of chartering markets and shipping operations.

Analytical skills for freight evaluation, voyage calculations, and profitability assessment.

Excellent communication, coordination, and relationship-management skills.

Ability to manage multiple fixtures, deadlines, and operational priorities.

Attention to detail in contracts, calculations, and documentation.

Problem-solving ability and sound commercial judgment.

- Ability to work independently and collaboratively in a fast-paced shipping environment.

Key Performance Indicators (KPIs)

Performance will be evaluated based on the following indicators:

- Chartering Revenue and Profitability: Achievement of agreed revenue and voyage profit targets.
- Vessel Utilization: Reduction of idle time and improvement in vessel employment.
- Commercial Performance: Competitiveness of negotiated freight and charter hire rates.
- Fixture Performance: Number and quality of fixtures secured in line with company targets.
- Cost Control: Accuracy of voyage estimates and control of avoidable operational expenses.
- Demurrage Management: Timely submission, follow-up, and settlement of demurrage claims.
- Contractual Accuracy: Timely and accurate preparation and finalization of charter party documentation.
- Customer Relationships: Retention of existing clients and development of new business opportunities.
- Operational Coordination: Effective communication and resolution of chartering-related issues.
- Reporting and Compliance: Timely reporting and adherence to company procedures and contractual requirements.

📌 Chartering Executive (Navi Mumbai)
🏢 AquaStar Worldwide
📍 Navi Mumbai