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)

<p><em>Oil tanker market has been pretty strong past couple of days with rates on benchmark AG-Japan trade crossing $80,000 per day. Higher number if cargoes have supported the demand with West African chartering activity rising the to highest level since January. There has been some notable spike in Chinese demand as well. <br></em></p><p><em>We would like to highlight another key factor which could be underpinning the market in short term, the return of floating storage. After a brief period of profitable window in</em>…</p>

Oil tanker market has been pretty strong past couple of days with rates on benchmark AG-Japan trade crossing $80,000 per day. Higher number if cargoes have supported the demand with West African chartering activity rising the to highest level since January. There has been some notable spike in Chinese demand as well.  We would like to highlight another key factor which could be underpinning the market in short term, the return of floating storage. After a brief period of profitable window in…

Brimming Onshore Storage Forcing Traders Towards Oil Tankers

<table class="table table-striped"><tbody><tr><td><h2>Valemaxes May Have Delivered the Knock-Out Punch to the Capesize Market</h2></td></tr></tbody></table><p><em>It was a pleasure reading <a href="https://www.smartkarma.com/insights/china-s-ship-subsidies-from-hell" target="_blank">https://www.smartkarma.com/insights/china-s-ship-subsidies-from-hell</a> by <a href="https://www.smartkarma.com/profiles/36" target="_blank" data-smartkarma-citation="accounts:36">Charles De Trenck</a>  this morning. Great insight into how wrong policy mistakes can lead to a lost decade for the industry.</em></p><p><em>We belive the Capesize market outlook worsens further as three Chinese companies, Cosco Group, China Merchants Group and ICBC Financial Leasing have ordered 30 Valemaxes of 400,000 dwt each. Through these</em>…</p>

Valemaxes May Have Delivered the Knock-Out Punch to the Capesize MarketIt was a pleasure reading https://www.smartkarma.com/insights/china-s-ship-subsidies-from-hell by Charles De Trenck  this morning. Great insight into how wrong policy mistakes can lead to a lost decade for the industry.We belive the Capesize market outlook worsens further as three Chinese companies, Cosco Group, China Merchants Group and ICBC Financial Leasing have ordered 30 Valemaxes of 400,000 dwt each. Through these…

Valemaxes May Have Delivered the Knock-Out Punch to the Capesize Market

<p><em><strong>• Global macroeconomics:</strong> The economists surveyed by Bloomberg expect the US Fed to postpone the next interest rate hike (anticipated to </em><em>happen in March 2016) because of the global economic turmoil and massive sell-off in emerging markets. Bank of Japan also adopted an </em><em>aggressive monetary policy as it lowered interest rates to negative 0.1% on excess funds that banks keep with the central bank in an attempt to </em><em>fight deflation. Meanwhile, the Chinese government has set a lower GDP growth rate of</em>…</p>

• Global macroeconomics: The economists surveyed by Bloomberg expect the US Fed to postpone the next interest rate hike (anticipated to happen in March 2016) because of the global economic turmoil and massive sell-off in emerging markets. Bank of Japan also adopted an aggressive monetary policy as it lowered interest rates to negative 0.1% on excess funds that banks keep with the central bank in an attempt to fight deflation. Meanwhile, the Chinese government has set a lower GDP growth rate of…

Drewry Maritime Equity Research Monthly Insight - Feb 2016

<p>Readers of Smartkarma will remember our piece lamenting how PE was partly to be blamed for the pain in dry bulk shipping. We questioned the wisdom of PE money jumping all guns blazing into dry bulk shipping and in a classic case of the herd mentality speculatively ordered billions of dollars worth new ships.</p><blockquote><div class="content-remarks">I believe that the shipping industry needed this shake-out. When shipping should have gone rationally out of favour in 2010-14, the collective breed of return seekers and their greed made…</div></blockquote>

Readers of Smartkarma will remember our piece lamenting how PE was partly to be blamed for the pain in dry bulk shipping. We questioned the wisdom of PE money jumping all guns blazing into dry bulk shipping and in a classic case of the herd mentality speculatively ordered billions of dollars worth new ships.I believe that the shipping industry needed this shake-out. When shipping should have gone rationally out of favour in 2010-14, the collective breed of return seekers and their greed made…

<p><strong><em>We are pleased to announce that Drewry Maritime Equity Research (DMER) has launched a model portfolio, selecting stocks within the global maritime space, ensuring a balanced approach and risks in a low return environment. The recommended stocks have been hand-picked based on the strong underlying fundamentals of each entity, coupled with near-term triggers. Objective of the DMER model portfolio is to generate moderate returns in conjunction with relatively lower risks. Given the weakness in</em></strong>…</p>

We are pleased to announce that Drewry Maritime Equity Research (DMER) has launched a model portfolio, selecting stocks within the global maritime space, ensuring a balanced approach and risks in a low return environment. The recommended stocks have been hand-picked based on the strong underlying fundamentals of each entity, coupled with near-term triggers. Objective of the DMER model portfolio is to generate moderate returns in conjunction with relatively lower risks. Given the weakness in…

DMER Launches Model Stock Portfolio for the Maritime Sector

United States

TransDigm Group, Inc., through subsidiaries, manufactures aircraft components. The Company produces ignition systems and components, gear pumps, mechanical/electromechanical actuators and controls, NiCad batteries/chargers, power conditioning devices, hold-open rods and locking devices, engineered connectors and latches, cockpit security devices, and AC/DC electric motors.

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Transdigm Group (TDG US)

Brimming Onshore Storage Forcing Traders Towards Oil Tankers

Oil tanker market has been pretty strong past couple of days with rates on benchmark AG-Japan trade crossing $80,000 per day. Higher number if...

Drewry Maritime Financial Research

Valemaxes May Have Delivered the Knock-Out Punch to the Capesize Market

It was a pleasure reading https://www.smartkarma.com/insights/china-s-ship-subsidies-from-hell by Charles De Trenck this morning. Great insight...

Drewry Maritime Financial Research

Drewry Maritime Equity Research Monthly Insight - Feb 2016

• Global macroeconomics: The economists surveyed by Bloomberg expect the US Fed to postpone the next interest rate hike (anticipated to happen in...

Drewry Maritime Financial Research

Deja Vu - They Are Throwing in the Towel

Readers of Smartkarma will remember our piece lamenting how PE was partly to be blamed for the pain in dry bulk shipping. We questioned the wisdom...

Drewry Maritime Financial Research

DMER Launches Model Stock Portfolio for the Maritime Sector

We are pleased to announce that Drewry Maritime Equity Research (DMER) has launched a model portfolio, selecting stocks within the global maritime...

Drewry Maritime Financial Research

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