Drewry Financial Research Services Ltd., the investment research arm of UK-headquartered global shipping consultancy Drewry, has announced the launch of a new credit research service for the global maritime sector.

Through this extension to its established maritime equity research offering Drewry is now able to provide a full investment research service which includes in-depth analysis of the credit instruments that underpin corporate capital structure and provide an investment proposition in asset allocation for institutional investors. Debt capital is a key source of funding for the maritime sector and as regulatory burdens restrict capital availability more companies are expected to tap the debt capital markets in coming years.

Commenting on the launch, Rahul Kapoor, Head - Drewry Financial Research Services Ltd said: “We believe there is a growing need for objective, independent credit research on the highly complex bond structures within the maritime sector. The new offering provides an impartial view of both global maritime bonds and listed credit instruments and will help market participants analyse their investments as well as monitor the creditworthiness of counterparties. We aim to provide our clients with comprehensive solutions that combine industry-leading insight with independent equity, credit and bespoke maritime research of the highest quality.”

Launching with a rigorous analysis of the listed bonds of the three major container shipping companies, A.P. Moller Maersk, CMA CGM and Hapag Lloyd AG the service offering will expand to cover other maritime sectors including port operators, dry bulk, tanker and gas shipping.

By Jake Frith