Drewry Maritime Equity Research - Will newbuild orders act as a roadblock to higher returns?

Report

Nilesh Tiwary

Will newbuild orders act as a roadblock to higher returns?

Amid the backdrop of low interest rates, ample liquidity, robust freight rates and supply chain bottlenecks, container shipping stocks are at
their peak as the world tentatively edges its way out of COVID-19 and lost demand is recovered. The valuations of some of the companies
have already reached multi-year highs and investors are a lot happier than they have been in recent times.
The share prices of Maersk, HMM, Evergreen, Yang Ming, Wan Hai, Cosco and Hapag-Lloyd together gained more than 170% between
1 January and 31 December 2020, with Evergreen, Yang Ming and HMM posting a whopping rise of more than 200%. Although we have
seen some correction this year, stocks are still trading at a record high.

26/02/2021 1 EN

Provider

Drewry Maritime Equity Research

Drewry, since 1970, has been providing research and advisory services on the global Maritime and Shipping industries and has established itself as a firm with long history of credibility and expertise on various aspects of the maritime industry. Leveraging this in-depth market knowledge and understanding, we have extended our offering to deliver a unique, independent investment research service on globally listed companies operating in the maritime industry. Under the brand Drewry Maritime Equity Research and in accordance with the FCA, DMER led by Rahul Kapoor and his team, offers fundamental analysis on listed companies. DMER analysts have access to one of the most up-to-date, comprehensive and reliable sources of market insight and research data available today. By combining these market-leading resources with seasoned sector expertise and commercial awareness, we are able to offer a highly differentiated and comprehensive investment research service to prospective investors in listed maritime companies. 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.

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Analysts

Nilesh Tiwary

Other Reports from Drewry Maritime Equity Research

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Will newbuild orders act as a roadblock to higher returns?

Westports_Result Update 3Q22

Star Bulk Carriers - Changing our view to Neutral as market gets challenging in 2023

Nordic American Tankers to benefit from improved supply-demand fundamentals of mid-sized tankers

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