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.

Equity Bottom-Up

Better Earnings Expected in 2Q; Petrochemicals Trade Support Fleet Utilisation<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/009/102/original/n1.JPG?1465519002" class="editor-image img-responsive" data-smartkarma-image-id="9102"></figure> • Petrochemicals trade healthier, but demand for propane weakens: According to management, demand for petrochemical gases improved on the back of increased shipments of ethylene and propylene from the US to South America and from the Mideast to the Far-Eastern Europe. Management believes these shipments could increase over the next three to five years because countries such as the US will increasingly export…

Better Earnings Expected in 2Q; Petrochemicals Trade Support Fleet Utilisation • Petrochemicals trade healthier, but demand for propane weakens: According to management, demand for petrochemical gases improved on the back of increased shipments of ethylene and propylene from the US to South America and from the Mideast to the Far-Eastern Europe. Management believes these shipments could increase over the next three to five years because countries such as the US will increasingly export…

Navigator Holdings (NVGS US) - Better Earnings in 2Q; PetcemTrade To Support Fleet Utilisation

Navigator Holdings (NVGS US) – the preferred player in LPG shipping<figure class="editor-figure"><img src="https://static-prod.smartkarma.com/images/media/000/006/825/original/NVGS1.JPG?1459476489" class="editor-image img-responsive" data-smartkarma-image-id="6825"></figure>NVGS to benefit from a steady Handysize market: The market for Handysize vessels was firmer than other segments such as VLGCs during the fourth quarter of 2015. Freight rates moderated for both the segments, but that of VLGCs experienced a sharper decline (in line with our expectation) because of the expanding fleet size, which will swell further when the VLGCs on order are delivered. Time charter rates for VLGCs declined by 20%…

Navigator Holdings (NVGS US) – the preferred player in LPG shippingNVGS to benefit from a steady Handysize market: The market for Handysize vessels was firmer than other segments such as VLGCs during the fourth quarter of 2015. Freight rates moderated for both the segments, but that of VLGCs experienced a sharper decline (in line with our expectation) because of the expanding fleet size, which will swell further when the VLGCs on order are delivered. Time charter rates for VLGCs declined by 20%…

Navigator Holdings (NVGS US) – the Preferred Player in LPG Shipping

United States

Navigator Holdings Ltd. owns and operates a fleet of handysize liquefied gas carriers. It also provides international seaborne transportation and regional distribution services of liquefied petroleum gas, petrochemical gases and ammonia for energy companies, industrial users and commodity traders. The company currently operates twenty one handysize gas carriers, with three additional vessels and seven confirmed new buildings, making a total fleet of thirty owned handysize gas carriers and one chartered-in vessel. Navigator Holdings was founded in 1997 and is headquartered in London, the United Kingdom.

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Navigator Holdings (NVGS US)