Maritime Financial Research


Latest Coverage

Current Coverage

Current Equity Research as at September 2016

Container Shipping
AP Moeller-Maersk A/S


Hanjin Shipping Co Ltd


Hyundai Merchant Marine

Orient Overseas

Wan Hai Lines Ltd

Yang Ming Marine

Container Manufacturer and Leasing





Dry Bulk Shipping
DS Norden

Diana Shipping

Golden Ocean Group Ltd

Navios Holdings

Pacific Basin

Scorpio Bulkers

Star Bulkers Carriers Corporation

Gas Shipping

Exmar NV


Golar LNG


Stealth Gas

Teekay LNG Partners

Ports and Terminals
China Merchants

Cosco Pacific

DP World

Dalian Port

Global Ports Inv

HPH Trust

Hamburger Hafen


Santos Brasil

Tianjin Port Dev


Tanker Shipping
DHT Holdings Inc

Euronav NV

Nordic American Tankers Ltd

Teekay Tankers

Tsakos Energy Navigation Ltd

Key Contacts

Rahul Kapoor

Rahul Kapoor

Director, Head of Drewry Financial Research Services

Related News

‘Returns set for a comeback’, DFRS, Shipping Outlook 2017

With supply continuing to normalise DFRS sees real profitability and returns emerging over the next 12-18 months.

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.


$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.
Latest Coverage
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Investment analysis based on a clear understanding of the market at both an industry and sector level.

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Type of Report



Drewry Maritime Financial insight - Shipping Outlook 2017

Maritime Financial Insight 10 Jan 2017 PDF

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

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