Long-term shipping strategy

Background

• The company trades a wide range of cargoes, including condensate, LPG, and refined products, with a total volume of over 25 million tonnes. Drewry was appointed to conduct a comprehensive review of the client’s shipping activities and to develop potential investment plans to expand its shipping business.

Client Objectives

The study included: 

• Conducting a comprehensive business review of the company.
  • Cargo flows and overview of the shipping business
  • Seafreight procurement strategy
  • Chartering process review
  • Operation efficiencies review
• Market assessment on the tanker and LPG sectors
• Benchmarking exercise for current business
  • Freight benchmark
  • Demurrage benchmark
  • TC rate benchmark
• Development of the shipping strategy

Results Achieved

• Drewry delivered an in-depth analysis of the client’s shipping business, assisting the client in determining the location of their shipping functions that best suited their current trading activities.
• In addition, Drewry helped the client streamline their business process, besides developing a seafreight procurement strategy.
• The final report supported the client in making their business plan and informed investment decisions.