Client: Shipowner
Drewry carried out earnings forecast for two Ultramax vessels, owned by the company for 25 years. The project team utilised the information from the international shipping market and its in-house expertise on historical newbuilding costs, freight markets, etc to arrive at reasonable earnings forecast. Based on the earnings obtained, Drewry carried out discounted cash flow valuations for the vessels, considering the charterparty terms.
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