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Maritime Advisors

Sector Expertise

Key Contacts

Jayendu Krishna

Jayendu Krishna

Director, Drewry Maritime Advisors
Melissa Charn

Melissa Charn

Project Manager, Drewry Maritime Advisors

Oil Tanker Shipping

Drewry’s advisory team works with shipowners, pure play investors and industrial users of Crude and Product Tankers in a wide variety of assignments including market analysis, lender’s due diligence, seafreight strategy formulation, assessing opportunities and plotting strategy in the crude and product tanker markets.

The global crude oil, product and tanker markets are dynamic and volatile. The rise of US shale, the waning power of OPEC, the constant shifting of refining capacity, the rapid growth in the development of electric cars and falling cost of renewable sources energy raise both short and long term strategic questions for stakeholders. This is compounded by the complexity of the shipping and shipbuilding market: ever-changing regulatory requirements, the availability of newbuilding capacity and the volatility of tanker earnings and asset values add to the challenges faced by stakeholders.

 

In this complex environment, Drewry provides strategic, commercial and technical advisory services to shipowners, investors, lenders and industrial users. Our advisory team works closely with Drewry’s Tanker Research team, which is continuously monitoring and reporting on the sectors and which publishes Drewry’s Tanker Insight and Tanker Forecaster. It provides up to date analysis on crude and product trade developments, the implications for seafreight, seafreight market rates and asset values, the 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.

 

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 crude tanker market.

 

Our Service Capabilities

 

Commercial and market assessment

  • Crude tanker market outlook
  • Product tanker 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
  • Freight cost assessment model for contract negotiation
  • 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

Project Manager, 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.