Port Valuations Plunged into Overvalued Territory Spelled by Trade War Doom
As global port throughput suffered in 2018 the impact of the trade war began to show on manufacturing and trade activity in China, Germany and much...
414 Views
DPW: Sailing Further It Can Row Back
We believe the valuations are cheap as DPW trades at 9.3x EV/EBITDA LTM compared with 12.4x for companies we cover. We estimate 2019 growth will...
509 Views
Drewry Ports Outlook 2019- Trade Concerns Keep Investor Appetite in Check
Financial performances of port operators came under the double-edged sword of weak macro and protectionist trade practices. As such, volume...
501 Views
DP World: Fundamentals Drive Growth Amid Non-Core Expansion
DPW intensified activities in the non-terminal segment in 2018 acquiring businesses in warehousing, logistics and shipping services. The strategy...
754 Views
Maritime Financial Insight - July 2018
Credit markets75% of maritime bonds have fallen in value in the first half of 2018Bondholders have seen losses in the first six months of the year....
461 Views