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...
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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...
509 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...
756 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....
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Moderate Throughput Growth Y/Y, High Valuations and Interest Rate Hikes Weigh on Ports Bonds
Maritime bonds performance in 2017 and YTD: Bonds issued by the companies that operate in the dry bulk and container shipping sectors have...
111 Views