Maritime Advisors

Sector Expertise

Key Contacts

Shailesh Garg

Shailesh Garg

Director, General Manager India


Prolonged downturn continues; consolidation to pick up.

The slump in oil prices has continued to prevail upon the E&P and offshore markets. As a result, charter and utilisation rates continue to show a downward trend, as oil and gas companies cut  their capex whilst the supply of offshore vessels increases. Drewry expects to see industry consolidation, asset sales, and alternative uses of vessels as offshore companies look to ride out the industry’s malaise.

Drewry covers the global offshore markets from offices in London, Delhi, Singapore and Shanghai. Over the years Drewry has built a strong reputation in the offshore sector; working for Offshore support & Drilling companies, Financial institutions and Port O&M operators in assignments ranging from market analysis, financial modelling and analysis, to operational assessment, technical and commercial due diligence.


Drewry provides expert advice covering the full spectrum of the commercial and technical aspects of the Offshore Drilling & Support Vessel Industry. We can assist clients in developing their overall business strategies and key investment decisions. Including the identification of opportunities; review of the competitive environment; and potential risks, mitigation, revenue and profitability analysis.


Our services include:

  • Market analysis – characteristics and dynamics of offshore markets, customer, key trends, cabotage laws and competitor analysis
  • Offshore Support base studies – independent assessment of Oil & Gas markets, Exploration & Production activities in the region, Hinterland and Logistics aspects analysis
  • Techno-commercial due diligence – independent assessment of the market, EHS review, shipbuilding contracts review, asset and charter market review
  • Investment and divestment appraisals – market entry strategies and vessel acquisition review for offshore support sector
  • Market studies and forecasting – projecting offshore vessel demand, identifying trends, opportunities, and challenges
  • Asset Valuation – charter free and discounted cash flow valuations for offshore tugs and support vessels

Key Contacts

Shailesh Garg

Shailesh Garg

Director, General Manager India

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.


$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.

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