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Maritime Advisors

Sector Expertise

Dry Bulk Shipping

Drewry has a team of professionals with extensive experience in dry bulk shipping from commercial, technical, operational and financial perspectives. Our advisory team is also able to leverage a team of researchers dedicated to dry bulk sector and financial and technical analysts.

 

Drewry advises a broad spectrum of clients in this sector. Our recent clients include:

Financial Institutions (including ship finance banks, private equity, asset management company) in:

  • Valuation of portfolio of dry bulk assets held by them
  • Assisting credit committee of a financial institution in reviewing internal bank document for a sale and lease back shipping transaction
  • Acquiring a target company
  • Assessment of revenue performance

Dry bulk Shipping company tend to seek advice on:

  • Market outlook of different segments
  • Operating cost benchmarking
  • IPO/Private placement

Industrial users (Coal-fired power plants, Steel plants, Iron ore, Coal and Bauxite mining company, Smelters) have sought our assistance in:

  • Seafreight strategy development
  • CoA tendering advice
  • Contract negotiation to estimate at FOB price of cargo

Services offered

Commercial and market assessment

  • Dry bulk market outlook (in terms of demand, supply, earning and asset values forecast)
  • Valuation
    • Vessel valuation (Charter free, Charter attached)
    • Residual Value assessment
  • Freight rate benchmarking
  • IPO/Private placement support
  • Developing freight cost assessment model for contract negotiation
  • Counterparty due diligence
  • Strategic planning and investment
  • Seafreight strategy development for industrial users
  • Investment due diligence of target company
  • Contract of affreightment tendering advice
  • Mergers and Acquisition assistance
  • Market entry and exit

Technical due diligence of vessels (to assess seaworthiness of vessels)

  • Health, Safety and Environment (HSE) due diligence of dry bulk shipping company
  • Oversight supervision of vessels under construction
  • Operating cost benchmarking
  • Physical inspection of vessels

Financial assessment

  • Financial modelling
  • Earnings benchmarking

Key Contacts

Jayendu Krishna

Jayendu Krishna

Director, Drewry Maritime Advisors

Recent Projects

Ship leasing company due diligence

Drewry conducted an independent market assessment of dry bulk, containers and liquid bulk and undertook vessel valuation (charter free and charter attached) of the target company’s entire fleet.

Seafreight strategy

A Brazilian coal mining and power generation company sought our assistance in assessing freight procurement options for importing coal for its local thermal power plants.

6

$6bn: The combined value of container shipping industry investments we have advised on since 2010.

20

$20bn: The value of financing projects we have provided commercial due diligence advice for in port M&A since 2010.

48

The number of countries in which our Maritime Advisors have completed assignments since 2005.

400

Our advisors have been involved in over 400 port assignments over the past 10 years.