Transport Sector, China and Asia-focused Research

Charles De Trenck

Equity Bottom-Up

In the real physical world, not the sometimes Potemkin land of equities, industries like container shipping continue to struggle. <a href="https://www.smartkarma.com/entities/22428" target="_blank" data-smartkarma-citation="entities:22428:1">AP Moeller - Maersk A/S (MAERSKB DC)</a>  and <a href="https://www.smartkarma.com/entities/801" target="_blank" data-smartkarma-citation="entities:801:1">Orient Overseas Intl Ltd (316 HK)</a>  are certainly equity players that survive and fare better than most, even as they face their own challenges.Maersk shares are basically flat over 12 months after digesting lower earnings and a further breakout of divisions. OOIL shares are down some 20%, following a short-lived 25+% trading…

In the real physical world, not the sometimes Potemkin land of equities, industries like container shipping continue to struggle. AP Moeller - Maersk A/S (MAERSKB DC)  and Orient Overseas Intl Ltd (316 HK)  are certainly equity players that survive and fare better than most, even as they face their own challenges.Maersk shares are basically flat over 12 months after digesting lower earnings and a further breakout of divisions. OOIL shares are down some 20%, following a short-lived 25+% trading…

Hanjin's Long Tail, and Real World Fallout … and a Window from Triton Container Presentation Deck

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.

Diana Shipping ( DSX US) - Earnings Weakness to Persist on Lower Charter Rates<ul><li>
Muted 2Q performance to continue in next quarter: Diana Shipping’s (DSX’s) performance remained lacklustre as it reported TCE revenue of USD 24.8m in 2Q16, down 28% y/y due to low average time charter rates which were partially offset by increased revenue days. TCE revenue was lower than our estimate of USD 28.6m as the vessels were fixed on low charter rates following weakness in the dry bulk market. The company…</li></ul>

Diana Shipping ( DSX US) - Earnings Weakness to Persist on Lower Charter Rates
Muted 2Q performance to continue in next quarter: Diana Shipping’s (DSX’s) performance remained lacklustre as it reported TCE revenue of USD 24.8m in 2Q16, down 28% y/y due to low average time charter rates which were partially offset by increased revenue days. TCE revenue was lower than our estimate of USD 28.6m as the vessels were fixed on low charter rates following weakness in the dry bulk market. The company…

Diana Shipping ( DSX US) - Earnings Weakness to Persist on Lower Charter Rates

United States

Diana Shipping, Inc. operates as a holding company, which provides shipping transportation services through the ownership and operation of dry bulk vessels. It medium to long-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes. The company was founded on March 8, 1999 and is headquartered in Athens, Greece.

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Diana Shipping (DSX US)

Hanjin's Long Tail, and Real World Fallout … and a Window from Triton Container Presentation Deck

In the real physical world, not the sometimes Potemkin land of equities, industries like container shipping continue to struggle. AP Moeller -...

Charles De Trenck

Diana Shipping ( DSX US) - Earnings Weakness to Persist on Lower Charter Rates

Diana Shipping ( DSX US) - Earnings Weakness to Persist on Lower Charter Rates Muted 2Q performance to continue in next quarter: Diana Shipping’s...

Drewry Maritime Financial Research

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