Bank of America’s new analytical team, Michael Pak and James Lee, published this week an initiation report on Britannia Bulk that sheds some light on the company’s business model and market exposure. The company, which went public on the NYSE with an IPO this past May, is a global dry bulk-shipping provider with a leading position in ice-class trade, particularly in the Baltic region. They currently own 28 vessels (22 of which are in the water) and charter in 35-70 vessels in order to capture profitable business that cannot be serviced by its existing fleet. The company began in 2004
This is only an excerpt of Bank of America Has High Hopes for DWT
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Tags: · Bank of America, Britannia Bulk, ESL Shipping, James Lee, Michael Pak, Murmansk Shipping Company, Polish Steamship Company
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