Drewry launches maritime research brand
Consultant Drewry has launched a new brand, Drewry Maritime Equity Research, to produce investment reports on listed companies operating within the maritime industry.
Each investment report will focus on a company’s operational and strategic position, assessing key valuation drivers together with a SWOT and financial analysis.
A company valuation will also be included. The first company to face Drewry Maritime Equity Research scrutiny is DP World, with a plan to cover a further 12 global port companies before the end of the year.
In a teaser for the report, Drewry Maritime Equity Research said that DP World’s revenues are expected to increase at a CAGR of 8.6% (adjusted for deconsolidation of Australian assets) to reach $3.66bn in 2014, up from $2.98bn in 2011.
“The throughput growth would be driven by high exposure to emerging markets as they contribute more than 80% of cargo,” said the consultant.
New developments such as London Gateway and expansion at Jebel Ali will further benefit volume growth, with Drewry Maritime Equity Research expecting adjusted earnings to increase at an average annual rate of 8% during FY2011-14.
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