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Maritime Financial Research

Maritime Financial Research

For a truly independent investment opinion

With no ties to other players in the shipping, finance or banking world, we provide a uniquely impartial view of the markets and companies we cover.

Sign-up to our bi-monthly Maritime Financial Insight.

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Overview

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Latest research

Key Contacts

Devanshu Saluja

Devanshu Saluja

Manager, Drewry Financial Research Services
Rahul Kapoor

Rahul Kapoor

Director, Head of Drewry Financial Research Services

Investment research and financial advisory

Leveraging our extensive market knowledge and understanding, we have extended our portfolio to deliver a truly independent investment research and advisory service on companies operating within the maritime industry.

Across today's fast-moving capital markets you need sector experience and robust, impartial analysis to be confident of making well timed and informed investment decisions. We offer an independent financial research service including a range of report formats, structured advice and supporting resources to help you gain a clear and complete picture of the organisations and sectors under coverage and their associated capital market structures.

Authorised by the UK Financial Conduct Authority (FCA) to provide investment advice, we are uniquely positioned to provide a product that offers independent and unbiased analysis on publicly quoted organisations in the maritime and shipping industry.

We provide equity, credit and bond analysis services in the following maritime sectors:
  • Container shipping
  • Non-operating owners
  • Port operators
  • LNG/LPG shipping
  • Container leasing and manufacturing
  • Dry bulk shipping
  • Crude/product tanker shipping
Our investment reports assess company’s strategic and operational position, providing key valuation drivers, a risk/reward matrix, SWOT analysis, financial and industry analysis. Reports are produced by our dedicated team of equity analysts, all of whom have a thorough understanding of both the sectors and organisations they cover.

Key Contacts

Devanshu Saluja

Devanshu Saluja

Manager, Drewry Financial Research Services
Rahul Kapoor

Rahul Kapoor

Director, Head of Drewry Financial Research Services

Related News

J Lines’ merger is all about scale and survival

Today’s announcement that three Japanese shipping groups will merge their liner shipping businesses is further evidence of ’survival M&A’ sweeping the industry, a trend which is expected to continue.

DMER Launches model stock portfolio for the maritime sector

Drewry Maritime Equity Research (DMER) has launched a model portfolio, selecting stocks within the global maritime space, ensuring a balanced approach and risks in a low return environment.

7

Market sectors covered.

43

Listed companies within the shipping and maritime industry covered by our financial research team.

58

Leading industry publications featuring our equity research opinions each month (2015 average).

163

New company reports and sector updates published in the 12 months before July 2016.

Research finder

Find research by

  • Rich heritage

More than 45 years charting the world's maritime markets, providing insight and analysis that informs business decisions.

  • Proudly independent

Our voice is our own and is not defined by others. This objective outlook has cemented our reputation as an indispensable reference.
  • Full coverage

From containers and ports to tankers and dry bulk, we offer one of the most comprehensive and respected sources of market insight.

  • The industry standard

Our market reports and forecasts set the industry standard for quality and objectivity others are compared against.

Latest Coverage

Company

Type of Report

Date

Download

A. P. Moller Maersk - Looking through the noise double upgrade to Attractive

Event Update 01 Dec 2016 PDF

Golden Ocean 3Q16 - Results update

Event Update 28 Nov 2016 PDF

Star Bulk Carriers 3Q16 - Results Update

Event Update 25 Nov 2016 PDF

Diana Shipping 3Q16 - Earnings weakness in line with expectations; maintain Neutral view

Event Update 22 Nov 2016 PDF

DS Norden - Company Update

Event Update 17 Nov 2016 PDF

Teekay Tankers 3Q16 - Reduce fair value on asset disposal; maintain Neutral stance

Event Update 17 Nov 2016 PDF

Hapag-Lloyd 3Q16 - Results update - Back to black despite weak top line

Event Update 16 Nov 2016 PDF

DHT Holdings 3Q16 - Results update - Slash our fair value estimate in light of impairments; reiterate Neutral

Event Update 16 Nov 2016 PDF

Euronav 3Q16 - Results update - Weaker rates and high opex erode earnings; reduce fair value

Event Update 15 Nov 2016 PDF

Navigator Holdings 3Q16 - Results update

Event Update 10 Nov 2016 PDF

View more

Bespoke Research and Special Projects

Bond analysis
DMER can provide objective, tailored research solutions to institutional investors, as well as a selection of multi-client reports on maritime, shipping bonds:
  • Assessment and forecasts to manage credit risk
  • Detailed assessment of capital structure and debt profiles
  • Covenants appraisal of bond structures incl pricing and returns
Mergers & Acquisitions
Provide services to assist companies, advisors and financial institutions involved in M&A and primary equity and debt investment activity globally. We can help:
  • Oversee and help in special projects and targeted due diligence
  • Assess the target’s strategic position versus competitive/market dynamics
  • Identify market opportunities
Due Diligence
We help clients evaluate the potential for investments. We offer multi-phase studies and conduct thorough due diligence on multiple assets.
  • Financial projections for extended periods
  • Interview stakeholders to determine the viability of the investment
  • Pre-acquisition due diligence for private equity/venture capital investor
  • Commercial due diligence prior to taking a stake in the listed target
Valuations
We can provide our clients with multiple valuation assessments ranging from vessels, terminals to full fleet. Areas where we have particular expertise include:
  • Market studies and fleet valuation, freight rate modelling and forecasts
  • Residual Value Assessments and Charter Free Valuations
  • Valuations for outstanding financial instruments