Equity Research Analyst, Maritime sector, Drewry Maritime Financial Research

Ankush Kathuria CFA, FRM

Equity Research Analyst, Maritime sector

Maritime Sector, Equity & Credit Research

Drewry Maritime Financial Research

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. Our parent organization, Drewry is a leading independent provider of research services to the maritime and shipping industry, employing over 100 professionals across an international network of offices in London, Delhi, Singapore and Shanghai. Combining our market-leading resources with seasoned sector expertise DFRS offers a highly differentiated and comprehensive range of investment and financial research services to lenders and prospective investors in publicly listed maritime and shipping companies. The full service of reports, supporting resources and sector orientated webinars provides our clients with the most complete picture of the organisations under coverage as is possible. We have been charting and analysing the world’s maritime markets for more than 40 years. This unrivalled intelligence and understanding provides the foundation of our research service. Our analysts have access to one of the most up-to-date, comprehensive and reliable sources of market insight and research data available today. We look at globally listed companies within the following sectors: Port Operators, Container Shipping, Container Manufacturing & Leasing, LNG Shipping, Dry Bulk Shipping and Tanker Shipping. Combine in-depth sector expertise with financial analysis focusing on over 50 stocks globally.

Thematic (Sector/Industry)

Last year saw a record amount of container-ship capacity hit the water. We take a look at which operators accepted delivery and which trades they deployed them in. Record delieveries, record maximum ship size.  Last year was full of records in the container shipping industry, but unfortunately for carriers they were mostly of the unwanted variety. One such record (made by bad by virtue of the second worst ever demand growth) was a record intake of new ships. There were 209 new ships that hit the…

Last year saw a record amount of container-ship capacity hit the water. We take a look at which operators accepted delivery and which trades they deployed them in. Record delieveries, record maximum ship size.  Last year was full of records in the container shipping industry, but unfortunately for carriers they were mostly of the unwanted variety. One such record (made by bad by virtue of the second worst ever demand growth) was a record intake of new ships. There were 209 new ships that hit the…

Container Shipping - 2015 Full of Records, Big Ships, Super Size Me and It Ain't Over Yet

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

The Baltic Dry Index - once a quaint indicator for shipping sector wonks to figure out expected marginal profitability of shippers who ran a greater or lesser portion of their fleet on spot rather than term charter or long-term lease - is now used by stock punters as "evidence" of dynamic demand for shipping services for commodities, and therefore underlying economic pull demand from the secondary sector (heavy and light industry), particularly in China. The big news is that it has bounced 105%…

The Baltic Dry Index - once a quaint indicator for shipping sector wonks to figure out expected marginal profitability of shippers who ran a greater or lesser portion of their fleet on spot rather than term charter or long-term lease - is now used by stock punters as "evidence" of dynamic demand for shipping services for commodities, and therefore underlying economic pull demand from the secondary sector (heavy and light industry), particularly in China. The big news is that it has bounced 105%…

Baltic Dry: 30yrs of Stats Tells You The Bounce You Now See Is Seasonal. Again.

Reading everyday of depressed shipping should one make one anxious. When I joined my 1st ship in early 2002...shipping was boring. Frankly it was not the top choice for a job but it did pay in dollars. The sole motive for me was the money and maybe I didn't want to be another software engineer from India. Tankers were the good ships (solely because they paid more). Dry bulk gave more leisure time..they stayed on ports longer, with job at Bergesen touted as the prized catch..they used to carry…

Reading everyday of depressed shipping should one make one anxious.   When I joined my 1st ship in early 2002...shipping was boring. Frankly it was not the top choice for a job but it did pay in dollars. The sole motive for me was the money and maybe I didn't want to be another software engineer from India.   Tankers were the good ships (solely because they paid more). Dry bulk gave more leisure time..they stayed on ports longer, with job at Bergesen touted as the prized catch..they used to carry…

Transport Sector, China and Asia-focused Research

Charles De Trenck

Equity Bottom-Up

Cosco Shipping Development / Equity Bottom-Up

Most of the feedback that came in was in reaction to the downside in China Shipping Container Lines (2866 HK). Some people are pissed. &nbsp;We saw the complaints feed through yesterday as COSCO (1919 HK) and CSCL tanked. What follows are a couple of accounts and complaints on the redesign of the listed vehicles.

Most of the feedback that came in was in reaction to the downside in China Shipping Container Lines (2866 HK). Some people are pissed. &nbsp;We saw the complaints feed through yesterday as COSCO (1919 HK) and CSCL tanked. What follows are a couple of accounts and complaints on the redesign of the listed vehicles.

China Shipping Container Lines ... RIP; and Other Reports on the COSCO Mess

A first look at COSCO and China Shipping restructuring, with a focus on containers reveals reorganization is generally along the lines expected from the COSCO side. Nonetheless, the actual details are at once complicated given how many companies we are dealing with, and, at the same time, somewhat light on disclosure of certain financial data I would prefer to have disclosed.I walked through COSCO Pacific in greater detail and COSCO overall to arrive at my initial thoughts on the COSCO-China Shipping reorganization. As I had mentioned, the bulk side of the business should be a straightforward valuation exercise &ndash; would only shareholders be given proper summary information.Below are some first conclusions on COSCO Group. The drop dead date appears to be end 2016 for these transactions to occur. The earlier completion would come 30 days after conditions precedent being met.

A first look at COSCO and China Shipping restructuring, with a focus on containers reveals reorganization is generally along the lines expected from the COSCO side. Nonetheless, the actual details are at once complicated given how many companies we are dealing with, and, at the same time, somewhat light on disclosure of certain financial data I would prefer to have disclosed.I walked through COSCO Pacific in greater detail and COSCO overall to arrive at my initial thoughts on the COSCO-China Shipping reorganization. As I had mentioned, the bulk side of the business should be a straightforward valuation exercise &ndash; would only shareholders be given proper summary information.Below are some first conclusions on COSCO Group. The drop dead date appears to be end 2016 for these transactions to occur. The earlier completion would come 30 days after conditions precedent being met.

COSCO Emerges with a Plan and Purer Container Plays (Yet More Disclosures Needed)

China

COSCO SHIPPING Energy Transportation Co., Ltd. offers marine shipping services. The Company provides refined oil transportation, crude oil transportation, and other services. COSCO SHIPPING Energy Transportation also ships iron ores, dry bulks, coal, and other products.

Cosco Shipping Energy Transportation Co. Ltd. (H) (1138 HK)

Cosco Shipping Energy Transportation Co. Ltd. (H)

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Cosco Shipping Energy Transportation Co. Ltd. (H) (1138 HK)

Container Shipping - 2015 Full of Records, Big Ships, Super Size Me and It Ain't Over Yet

Last year saw a record amount of container-ship capacity hit the water. We take a look at which operators accepted delivery and which trades they...

Drewry Maritime Financial Research

Baltic Dry: 30yrs of Stats Tells You The Bounce You Now See Is Seasonal. Again.

The Baltic Dry Index - once a quaint indicator for shipping sector wonks to figure out expected marginal profitability of shippers who ran a...

Travis Lundy

"Shipping Has to Become BORING Again"

Reading everyday of depressed shipping should one make one anxious. When I joined my 1st ship in early 2002...shipping was boring. Frankly it was...

Drewry Maritime Financial Research

China Shipping Container Lines ... RIP; and Other Reports on the COSCO Mess

Most of the feedback that came in was in reaction to the downside in China Shipping Container Lines (2866 HK). Some people are pissed. We saw the...

Charles De Trenck

COSCO Emerges with a Plan and Purer Container Plays (Yet More Disclosures Needed)

A first look at COSCO and China Shipping restructuring, with a focus on containers reveals reorganization is generally along the lines expected...

Charles De Trenck

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)