Mitsubishi Corporation RtM International Pte Ltd – Maritime and Freight – Internship

Purpose of role

Intern will work directly with the GM and senior chartering team, contributing to the analytical tools and data infrastructure that underpin the department’s Phase 2 development. The work is hands-on and consequential because the models and tools you develop will be embedded into real operational and governance decisions.

A core part of this role is developing commercial grounding alongside analytical work. You will spend structured time with the chartering team learning how vessels are fixed, how freight rates are negotiated, and how hedging decisions are made in practice. Understanding the market context is as important as building the models.

Responsibilities

• Hedging Strategy and Simulation
• Modelling freight rate and bunker cost exposure within a unified TCE framework across voyage charters, time charters, and period charters
• Analysing FFA and bunker swap instruments as hedging tools (i.e., how they are priced, settled, and calibrated against physical exposure)
• Quantifying basis risk between physical route exposure and FFA settlement indices for relevant routes
• Comparing dynamic and static hedge strategies: modelling roll costs, re-hedging frequency, and performance under different market conditions
• Developing sensitivity analysis across key inputs: TC rate, spot rate, bunker price, voyage duration, and coverage ratio
• Vessel Positioning and Triangulation Value
• Modelling Time Charter Equivalent (TCE) economics across routes, cargo types, and voyage parameters
• Analysing the incremental value of cargo sequencing and triangulation versus spot-by-spot procurement using representative RtMI trade lanes
• Building a ranking framework: comparing open position options by TCE contribution, ballast cost, and internal coverage rate
• Developing a TCE breakeven and coverage sensitivity analysis: at what coverage level and market rate does period charter generate positive value over spot procurement
• Integrating breakeven outputs as the analytical foundation for the scenario modelling work in Area 3
• Period Vessel Scenario Analysis
• Constructing a scenario matrix across different market conditions (Bear / Base / Bull)
• Calculating Freight P&L, Commodity Value Uplift, and Net Value for each scenario combination
• Building an interactive sensitivity layer: key inputs adjustable so the model can be used in live governance and stakeholder discussions
• Summarising findings in a concise narrative e.g., worst-case outcomes relative to stop-loss limits, breakeven coverage conditions, and key risk drivers
• Market Data Infrastructure and Reporting Dashboard
• Designing and building a structured database ingesting Baltic index data (P5TC, P3A, bunker indices) and internal fixture records, with data validation and documentation
• Developing automated refresh scripts to keep the database current with minimal ongoing manual effort
• Building a management reporting dashboard on top of the clean data layer for visualising freight rate levels, exposure metrics, internal coverage, and TCE performance vs. benchmark
• Ensuring the dashboard is readable by a non-technical, senior management audience and aligned to the department’s monthly reporting framework
• Documenting the full pipeline and dashboard architecture for team handover and future extension

Knowledge and Experience

• Major in Business Analytics, Information Systems, Data Science or Business Administration preferred
• Programming experience (e.g. Python, R, SQL)
• Exposure to financial derivatives, hedging concepts, or options pricing
• Good excel skills (e.g. VBA, Pivot Tables)
• Basic understanding of database and big data technologies
• Prior Internship experience with commodity trading houses

Personal Attributes

• Able to multi-task and is open to a breath of tasks due to smaller setup
• Enthusiastic and versatile with a great attitude
• Strong sense of ownership for project/tasks and responsibility
• Strong communication and interpersonal skills
• Willing to learn