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Maritime Advisors

Sector Expertise

Key Contacts

Jayendu Krishna

Jayendu Krishna

Director, Drewry Maritime Advisors
Melissa Charn

Melissa Charn

Principal Consultant, Drewry Maritime Advisors

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
Melissa Charn

Melissa Charn

Principal Consultant, 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.