Maritime Advisors

Sector Expertise

LPG Shipping

The gas trade has witnessed rapid growth due to emergence of an increasing environmental consciousness among the emerging economies; alongside production increases in the US and other oil and gas producing countries.  In this context Drewry’s advisory team has been increasingly working with shipowners, traders, pure play investors and industrial users in the sector. The scope of work in LNG/LPG tankers has straddled a wide variety of assignments including market analysis, lender’s due diligence, asset valuation and seafreight strategy formulation.

The gas shipping advisory team provides strategic, commercial and technical advisory services to industry players and investors. Our approach is to provide a bespoke package to each client, working to ensure that each project focuses on achieving its core objectives and that the analysis we prepare answers the client’s fundamental project questions. These questions range from whether it is the right time to invest in the sector to how to manage seafreight to ensure corporate competitiveness.


In all our projects, our starting point is an in-depth understanding of the characteristics and dynamics of the global gas shipping market and a clear view of the outlook for the sector’s earnings and asset values. The advisory team works closely with Drewry’s LNG and LPG Shipping Research team, who provide up to date analysis on LNG and LPG trade, market rates and asset values, the newbuild orderbook and other key industry trends.


This understanding of the market underpins our work in market analysis, commercial due diligence, valuation and investment appraisal. We prepare earnings and asset value projections under a variety of scenarios and combine this with financial modelling and analysis to allow clients to see the likely outcomes of planned investment. The outlook for the market and understanding of the gas shipping operations is used by our advisors in providing seafreight strategy formulation and freight benchmarking to industry users.


Drewry’s in-house technical experts are able to offer a full range of technical services including desktop technical due diligence, health and safety due diligence, operating cost benchmarking and physical inspection of vessels.


The combination of commercial, financial and technical expertise means that Drewry has the complete set of capabilities required to service all stakeholders within the LNG and LPG shipping market.


Commercial and market assessment

  • LNG/LPG shipping market outlook
  • Projections of earnings and asset values
  • Vessel valuation (Charter free, Charter attached)
  • Residual Value assessment
  • Investment due diligence of target company
  • IPO/Private placement support
  • Seafreight strategy development for industrial users
  • Freight rate benchmarking
  • Counterparty due diligence and credit analysis
  • Strategic planning and investment
  • Mergers and Acquisition assistance
  • Market entry and exit


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

  • Desktop technical due diligence
  • Health, Safety and Environment due diligence
  • 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

Chemical tanker market outlook with long-term time charter revenue projections

Drewry provided a detailed chemical tanker market outlook with long-term time charter revenue projections to a European-based chemical and product tanker owner-operator.

Indonesian International and Domestic Shipping: Port and Logistics Market Study

To assist with identifying potential investment areas, Drewry was engaged to conduct a market study of various sectors (including tankers and liquid bulk ports); areas of analysis including market size and dynamics, key players, profitability and growth prospects.


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


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


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


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