Advisory

People call us when a large physical flow has to move by sea and nobody inside their organisation has chartered a ship before, or when a shipping company faces a decision about a fleet, a contract or a transaction that is too big to get wrong. They need a number they can defend in front of a board, a lender or a funding body, and they need it from someone who is not selling them a ship.

What we do

  1. 01

    Independent shipping cost studies

    Delivered as fully sourced reports, with the working cost model handed over.

  2. 02

    Owner market engagement

    We identify suitable owners, run a structured questionnaire, collect freight indications and turn them into one like-for-like comparison.

  3. 03

    Route, vessel and propulsion evaluation

    With the EU ETS and FuelEU Maritime effects worked through.

  4. 04

    Commercial structure design for transport agreements

    Time charter, bareboat, purchase options, who owns compliance surpluses.

  5. 05

    Oversight of a third party's feasibility study

    On your side of the table.

  6. 06

    Management of a shipping inquiry

    Through to a letter of intent.

  7. 07

    Post-delivery support

    Corrections, board material, answers to financiers' questions.

  8. 08

    Merger and acquisition advisory for shipping companies and fleets

    Valuation of vessels and contract books, commercial due diligence, deal structure and negotiation support, on either side of the table.

We sell capped hourly scopes, typically tens of hours. Not programmes.

Where we come in

Different questions. Same principle: an independent commercial view grounded in the market.

Freight & market

“We have several freight indications. Which one is actually competitive?”

We benchmark offers against the live market, vessel availability and the total commercial picture — not just the lowest headline number.

Compare · Benchmark · Validate

Projects & tenders

“Run the shipping side of our tender so we get comparable offers.”

We structure the maritime scope, engage the market and help turn different owner offers into something that can actually be compared.

Tender · Procurement · Market testing

Routes & assets

“We have to choose between routes, vessel types and fuels. What does each option actually cost?”

We compare route economics, vessel fit, operating assumptions and the commercial consequences around the decision.

Route · Vessel · Economics

Transactions

“We are buying, selling or merging a shipping business. What are we not seeing?”

We support commercial review, fleet and contract-book valuation, and transaction work where maritime judgement matters.

Valuation · Diligence · Transaction support

Independent second opinion

“A shipowner is doing a study for us and we cannot judge it. Sit on our side of the table.”

We review the assumptions, challenge the commercial logic and give the client an independent view before they commit.

Review · Challenge · Advise

One engagement, start to finish

A Nordic client was moving a new industrial cargo by sea. They had evaluated destinations and routes internally and wanted an outside view. We assessed every realistic destination, built a voyage-by-voyage cost model, obtained live freight indications from owners, compared conventional and alternative propulsion and delivered an annualised cost per tonne for each route, with sensitivities. Every statement sourced. The cost model handed over as a working file.

Then the market. We identified the suitable owners, introduced them to the client, ran a structured questionnaire, received responses from five, and converted proposals written on different terms into a single like-for-like comparison against the client's own options.

Within the same work, a dedicated analysis of propulsion alternatives on a short Nordic route: vessel sizing against the volume to be moved, one large vessel against a two-vessel fleet that can absorb a breakdown and the difference between EU ETS neutrality and a FuelEU Maritime compliance surplus. It ended as a proposed charter structure with a purchase option that public funding could sit inside.

Then the follow-on: oversight of a shipowner's feasibility study, on the client's side of the table, and management of the client's shipping inquiry toward a letter of intent for a public funding application.

What is different

A large consultancy sends analysts who have read about chartering. We send someone who has fixed ships and managed fleets. Our numbers come from live owner indications, collected by a broker who can call those owners, not from a benchmark database. The person who sells the work does the work.

An independent consultant sees the market second hand. We run a broking desk and our own market intelligence, so we see position lists, open tonnage and freight every day. And we are a company with our own liability and continuity, not one person's letterhead.

The limits, for advisory work: no bench, one calendar, no global coverage. Northwestern Europe. Tanker, gas and specialised.

The conflict rule

Because we also broker, an advisory client could later find us near the other side of a fixture. The rule is disclosure before any negotiation begins and commission handled so that we have no interest in which owner wins.

Who we work with

  • The project lead at an energy or industrial company whose new project needs a sea leg, and who has never bought shipping.
  • The business development or strategy manager at a utility or industrial group who needs a maritime cost baseline before committing to a route or a supplier.
  • The project director or financing lead preparing a public funding application that needs a credible logistics cost and a shipowner's letter of intent inside a deadline.
  • Industrial companies with a plant on a Nordic or Baltic coast, considering export by ship.
  • Boards and owners' representatives who want an independent second opinion on what an internal team or a vendor has proposed.
  • Owners, boards and investors in shipping companies who are buying, selling or merging, and need an adviser who has run ships and read charter parties, not only spreadsheets.

The number comes from direct owner conversations, not a database.