Tag Archives: avance-no

LPG Shipping (BUY): Trump’s Total Trade War (27-page report)

Posted on June 29, 2018 by admin

With an escalating trade war between the US and China seemingly gathering momentum, we estimate VLGCs to be one of the hardest hit shipping sectors (excl. containers). The US-Sino trade constitutes ~8% of the global VLGC demand, but we find … Continue reading →

Posted in _Public | Tagged , , , , , | 8 Comments

Private Network: All-time-high, Portfolio changes, US LPG update

Posted on May 31, 2018 by admin

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Posted in Private Nework | Tagged , , | 2 Comments

LPG Shipping (BUY): Do Not Liquidate Palatable Growth (34-page report)

Posted on April 25, 2018 by admin

Recent chatter on the street is that the cyclical VLGC expansion has been cancelled for 2018. Shares fell 8% today and are down 16% since our March sector report. Thus, it would be prudent to reiterate why we believe 3Q...

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Posted in LPG shipping, shipping | Tagged , , , , , | 2 Comments

LPG Shipping: Imminent Seasonal & Cyclical Upside (31-page report)

Posted on March 12, 2018 by admin

We see the cycle turning to expansion in 2018 as supply growth turn negative and annualized demand growth continues around 10%. We also see signs of seasonal factors materializing, including more US LPG available for export, a rising price differential...

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Posted in LPG shipping, shipping, VLGC | Tagged , , , , , , | 16 Comments

AVANCE (BUY, TP 60) 4Q17 review: Massive upside ahead

Posted on February 18, 2018 by admin

The 4Q17 numbers were in-line with expectations, with few surprises emerging in the report or presentation. Avance rallied 7% on the day amongst a general appreciation of the VLGC segment. As we enter the seasonally strong period from April to...

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Posted in LPG shipping, shipping | Tagged , , | 5 Comments

2018: Firing on all Cylinders (26-page report)

Posted on February 8, 2018 by admin

Never before have we been so optimistic across all sub-segments of the shipping/oil service sectors simultaneously as we now are for 2018. All segments have either just entered the expansionary phase of the business cycle, or will experience the inflection...

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Posted in _Public, dry bulk, LNG carriers, LPG shipping, Oil services, oil tankers, rig, shipping, VLGC | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , | 2 Comments