8:15 Coffee & registration

9:00 Welcome from Marine Money and Forum Chairman
Ms. Nora Huvane, Director, Marine Money Asia
Mr. Alastair MacAulay, Head of Ship Finance, JSM

9:10 Welcoem from the Government of Hongkong
Mr. Roger Tupper, Director, Hong Kong Marine Department

9:20 Macroeconomic Outlook

• Recovery form Asia to the world(?)
• Prospects for consumption in the East and production in the West
• What to expect from 2010
• Curremcies in the world of a devalued dollar

Dr. Matthias Umlauf , Chief Economist, HSH Nordbank

9:40 Illuminating the Supply Overhang

• Delays and cancellations to date in China, Korea and Japan
• The financial and political situations of the yards
• Possible scenarios fo the next 12 months

Mr. Matthew Flynn, Managing Director, Worldyards

10:00 An updtae on the Main Trades

• Qualifying Asian Demand
• Outlook for commodities, oil and world trade
• Highlighting sectors and cmpanies with growth potential
• Is the worst over?

The Tanker Market
Mr. Arjun Batra, Managing Director, Drewry Shipping Consultants

The Container Shipping Market

Mr. Tom Kim, Executive Director - Regional Transportation Research, Goldman Sachs(Asia)

11:00 Coffee break hosted by Stephenson Harwood

11:30 Ship FInance Update: The Chnaging Topography of a Critical Market

• How the market has evolved since the collpase of Lehman
• Update on public equity, bonds,M&A and syndicated lending
• Variations by country and region in pricing, terms tenor and preffered capital sources
• Case studies of Representative transactions

Mr. Roddick Wong, Financial Analyst, Marine Money Asia

11:50 The role of Export Credit

• Available Alternatives in China, Korea and Japan
• The financial impact of export credit on the shipping and ship finance industries
• Prospects for non-domestic companies
• Successful cross-border transactions

Mr. Guido Musso, Director - Export Finance, HSBC Bank

12:10 Options for mitigating Operational Cost Risk - and how banks can help

• Protecting cash flow through stabilizing and controlling fuel cost
• Fuel Credit, hedging and prise risk management solutions
• Can banks and stakeholders work with owners to mitigate this risk?

Mr. Jos Heijmen , SVP Risk Management, World Fuels Services

12:20 Restructuring, Revitalization and Risk Mitigationing: Caring for the health of

          $400+ billion of Shipping Loans and the companies that Borrowed Them

• Revisiting teh $400+billion of shipping debt outstanding in today's market
• LTV and capital requirement concerns
• Which sectors must be addressed now and whci may work themselves out?
• The impact of bad debt and defensive leading on prospects for new business
• Will we be seeing more bankruptcies in 2010?

Ms. Madelien Leong, Partner, Watson Farley and Williams
Mr. Charles Reineke, Head of Shipping Asia, SMBC
Mr. Jos Heijmen, SVP Risk Mangement, World Fuels Services
Mr. Raghu Narain, Managing Director, The Royal Bank of Scotland
Mr. Martin Green, Managing Partner, Stephenson Hardwood
Moderator:Mr. Alvin Cheng

13:00 Networking Lncheon hosted by World Fuel Services

EXAMINING ALTERNATIVES

14:30 FUnding the "Gap":Making Lemonade out of Lemons 

• Tapping into Risk -Tolerant Capital to exploit Opportunities
• Prospects for raising debt and equity in teh international capital markets
• Investor appetite in terms of sector, pricing and risk
• Acquisition finance facilities: is there life beyond bonds?
• Instituional private Equity: How it can work in Shipping
• Identifying significant opportunities - even without distress
• Are the returns there to attract "non-shipping" money?

Mr. Jon Connor, Director- Transport, Services & Infrastructure, HSBC

Mr. Julian Proctor, Managing Director, Tiger Group Investments

Mr. Josephine Feilzer, Fortis Bank Nederland

Mr. Teddy.H.Tsai, Head of Research, Pacific Transportation Asia, CLSA Capital Partners

Mr. Tobias Konig, Managing Partner, Konig & Cie GmbH & Co. KG

Moderator: Ms. Nora Huvane, Director, Marine Money Asia

THE OPPORTUNITY!

15:30 Increasing the competitiveness of your Investment by reducing lifetime cost

• Translating improved efficiancy into economic and ecologic benefits
• Differentiation through improved asset quality

Mr. Winfried Jaray, Market Develpoment Manager, FutureShip, Germanischer LLoyd(China)

15:45 Coffee break hosted by Germanischer Lloyd

16:15 Companies to watch

Here we highlight several companies from around Asia and teh strategies that have strengthed them through the downturn and positioned them to take advantage of opportunity in the upturn

IFECL
Mr. Niu Wei Dong, Vice General Manager, International Far Eastern leasing Co-Sinochem Corporation

Golden Ocean

Mr. Herman Billung, CEO, Golden Ocean

17:00 Revisiting timeless questions form a post-Recession Perspective: A Shipowner Panel Discussion

• Public Vs. Private, in good times and bad
• Are bonds worth it?
• What do you feel you should be getting from your banks?
• How do you position yourself for opportunities and hedge your risks?

Mr. Tim Huxley, CEO, Wah Kwong Maritime Transport Holdings Limited
Mr. Sainath Venkatrao, Director-Treasury, Pacific Basin Shipping
Mr. Herman Billung, CEO, Golden Ocean
Moderator: Mr. Graham Porter, Chairman, Tiger Group Investments 

17:45 Closing Remarks
Mr. Alastair MacAuley, Head of Shi Finance, JSM

18:00 Closing cocktail Reception hosted by Mayer Brown JSM