Aurora Borealis Marine Pte. Ltd. is a shipbroking company specializing in the dry bulk sector of the maritime transportation industry. Its primary activity is facilitating transactions between cargo owners (charterers) and shipowners, from the initial contact through to the successful completion of the charter party.
The company maintains a real-time database of vessels seeking employment, containing information such as vessel size, current location, and expected availability upon completion of the previous voyage. It also maintains a database of cargoes requiring shipment, covering prompt positions as well as cargoes scheduled for loading up to two or three weeks ahead.
The company focuses on cargo parcels of 35,000 - 60,000 metric tonnes, primarily carried by Handysize, Supramax, and Ultramax bulk carriers. Drawing on extensive market knowledge and professional expertise, we identify the most suitable vessel for a particular cargo - or the most suitable cargo for a particular vessel - from among dozens of market opportunities available at any given time.
We bring the parties together, conduct commercial negotiations on their behalf, assist in reaching agreement on freight rates and key contractual terms, amend the pro forma charter party to reflect the agreed terms, and prepare the final version for execution. Throughout the performance of the contract, we monitor its progress on a daily basis, helping to prevent disputes - or resolve them amicably where they arise - and relieving both owners and charterers of routine administrative tasks, such as laytime calculations.
We continuously monitor developments in both the physical freight market and the Forward Freight Agreement (FFA) market in order to advise our clients on the optimal timing and appropriate market rate for fixing vessels or cargoes. Upon request, we also provide estimated freight calculations, enabling charterers, particularly commodity traders, to forecast logistics costs when negotiating sales contracts.
The company's principal trading routes and cargoes include:
steel scrap from various European countries to Turkey and Egypt;
cement from Turkey to the United States;
petcoke and coal from the United States to India; and
coal from Indonesia, South Africa, and Australia to India.
The company's long-term objective is to expand beyond traditional shipbroking activities and operate as a principal by becoming a time charter operator, managing a fleet of chartered-in vessels and performing the commercial functions of a shipowner.