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)

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

My father, an old school broker, banker and adviser for over 40 years, used to tell me as a child that one of the most important relationships to follow was the triangular relationship between the dollar, gold and oil. I always kept the lesson close to heart, and it has been my go to for market reality tests again and again. Over the years I have added equities to the relationship. Perhaps also because they mean a little more today. I don’t know. It was this constant triangulation of price and value that got me into the EUR around 2000 and out again a few years back. And for better or worse, that has kept my equity exposure low in recent years. In 2010-11, however the triangulation led to some insights on gold versus equities which panned out clearly enough. But the analysis now shows something just as volatile if not more.I mapped out some of the relationships in two easy charts going back to the 1960s in order to view the big swings. ... Added at the end are some quick updates on credit watch names making their way into equities. TK Group companies just got a high profile lashing from Morgan Stanley (despite an embarrassing target price change!)

My father, an old school broker, banker and adviser for over 40 years, used to tell me as a child that one of the most important relationships to follow was the triangular relationship between the dollar, gold and oil. I always kept the lesson close to heart, and it has been my go to for market reality tests again and again. Over the years I have added equities to the relationship. Perhaps also because they mean a little more today. I don’t know. It was this constant triangulation of price and value that got me into the EUR around 2000 and out again a few years back. And for better or worse, that has kept my equity exposure low in recent years. In 2010-11, however the triangulation led to some insights on gold versus equities which panned out clearly enough. But the analysis now shows something just as volatile if not more.I mapped out some of the relationships in two easy charts going back to the 1960s in order to view the big swings. ... Added at the end are some quick updates on credit watch names making their way into equities. TK Group companies just got a high profile lashing from Morgan Stanley (despite an embarrassing target price change!)

Triangulating Oil Back to 60s (And Shipping Credit Watch Updates...)

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)

Information Technology Consultant

Ishita Jain

China, land of coal and smog, is now increasing the generation of electricity from renewable sources faster than any other country, with more than 100 GWs a year of installed generating capacity from wind, a third of the world&rsquo;s total. Generating capacity is up tenfold in the last decade and three of the world&rsquo;s top ten turbine manufacturers are Chinese. Xinjiang&nbsp;Goldwind, the world&rsquo;s second largest wind turbine maker, seems poised to continue its growth story and be instrumental in shaping the Chinese wind energy market.

China, land of coal and smog, is now increasing the generation of electricity from renewable sources faster than any other country, with more than 100 GWs a year of installed generating capacity from wind, a third of the world&rsquo;s total. Generating capacity is up tenfold in the last decade and three of the world&rsquo;s top ten turbine manufacturers are Chinese. Xinjiang&nbsp;Goldwind, the world&rsquo;s second largest wind turbine maker, seems poised to continue its growth story and be instrumental in shaping the Chinese wind energy market.

Flying along China's wind of change: Goldwind

China

COSCO SHIPPING Holdings Co., Ltd. offers shipping services. The Company provides container shipping, terminal operation, bulk shipping, and container leasing services. COSCO SHIPPING Holdings conducts businesses worldwide.

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COSCO SHIPPING Holdings (601919 CH)

"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

Triangulating Oil Back to 60s (And Shipping Credit Watch Updates...)

My father, an old school broker, banker and adviser for over 40 years, used to tell me as a child that one of the most important relationships to...

Charles De Trenck

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

Flying along China's wind of change: Goldwind

China, land of coal and smog, is now increasing the generation of electricity from renewable sources faster than any other country, with more than...

Ishita Jain

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