June 21-23, 2011
The Pierre Hotel, New York City

Tuesday Afternoon, June 21, 2011
Grand Ballroom

Conference Convenes - Welcome from Marine Money International

Case Studies of Success – Marine Money Best of Ship Finance Deal of the Year Awards - 2010

Introduction and Moderators:
Daniel C. Rodgers, Partner, Watson, Farley & Williams (New York) LLP
Nigel Thomas, Partner, Watson, Farley & Williams LLP

Presentations:

Editors Choice: Deutsche Bank for Genco Shipping & Trading Limited: $125 million Convertible Bond, $57.5 million Equity Follow-on and $253 million Secured Loan
Craig Fuehrer, Managing Director, Deutsche Bank Securities Inc.

Bank Debt Deal of the Year: Nordea for Ship Finance International
Hans C. Kjelsrud, Global Head of Shipping, Offshore and Oil Services, Nordea

Public Equity – IPO, East, Deal of the Year: Citi for Shandong International Transportation Corp (SITC)
Michael A.J. Parker, Industry Head, Global Shipping & Logistics, Citi
Michael Borch, Managing Director, Global Industrials, Citigroup, Global Banking

Export Credit Deal of the Year: DnB NOR for Pacific Drilling
Barbara Grönquist, Senior Vice President & Head of Offshore Americas, DnB NOR Bank ASA

M&A Deal of the Year: S. Goldman Advisors for Navios Maritime Acquisition Corporation
Sheldon M. Goldman, Senior Managing Director, S. Goldman Advisors LLC

Project Finance Deal of the Year: DVB Bank for OSX1 Leasing
Jonas Gunstad, Managing Director, Global Head Floating Production Group, DVB Bank SE Nordic Branch

Concluding Panel Discussion

Wednesday, June 22, 2011
Grand Ballroom

Opening Remarks
Simon A. Rose, CEO, Dahlman Rose & Co. LLC

Macro Economic Outlook
The Outlook for Owners, Investors and Lenders – Which Shipping and Offshore
Sectors will be Smiling?
Capt. Herbert Soanes, Deputy Managing Director of RASP (Research and Strategic Planning),
DVB Bank SE

Opening Panel
Capital Markets: Why Some Shipping Companies Succeed – and Many Others Fail
Market Overview and Moderator: Elliott K. Etheredge, Managing Director & Head of Marine Transportation Business Unit, Dahlman Rose & Co. LLC
George Economou, Chairman, President & CEO, DryShips Inc.
Tor Olav Trøim, Vice Chairman, Frontline Ltd.
Graham Porter, Chairman, Tiger Group Investments & Director, Seaspan

Oil Tankers – Challenges and Opportunities Beyond Supply & Demand
Market Overview and Moderator: Jonathan B. Chappell, Managing Director –
Research, Evercore Partners Inc.
Jan Andersen, Head of Shipping, ST Shipping and Transport Pte. Ltd.
Jeffrey D. Pribor, Executive Vice President & CFO, General Maritime Corporation
Michael Reardon, Manager Global Strategy & Freight Trading, ConocoPhillips Company
Nikolai Kolesnikov, Executive Vice President, Chief Strategy & CFO, Sovcomflot

Container Shipping and Leasing – Growing Ships, Changing Trades
Market Overview and Moderator: Loli Wu, Managing Director, Bank of America Merrill Lynch and Peter I. Keller, Principal, Peter I. Keller and Associates, LLC (former Executive Vice President and Chief Operating Officer of NYK Group Americas, Inc.)
Joseph S. K. Kwok, CEO, SeaCube Container Leasing Ltd.
Gregory Zikos, CFO, Costamare Inc.
Aristides J. Pittas, Chairman & CEO, Euroseas Ltd. / President, Eurobulk Ltd.
Michael Bodouroglou, Chairman & CEO, Paragon Shipping Inc./Box Ships Inc.
Ioannis Zafirakis, Director, Chief Operating Officer and Secretary, Diana Containerships Inc.
Dr. John Coustas, President & CEO, Danaos Corporation
Graham Porter, Chairman, Tiger Group Investments & Director, Seaspan
Randy Chen, Special Assistant to the President, Wan Hai Lines Ltd.
Christian Wetherbee, Senior Analyst, Airfreight, Surface & Marine Transport. Research, Citi

Tanker Market: Ready for A Rebound?
An Executive Briefing by Arlie Sterling, Kevin Hazel and Michael Jones will host this in-depth discussion of selected tanker market issues.

Keynote Address: “Why Capitalists Should Care About Developing World Education”
John Wood, Founder and Board Chair, Room to Read
Author of “Leaving Microsoft to Change the World”

Commercial Ship Finance – Challenges and Opportunities for Borrowers & Lenders
    •   Update on Portfolio sales and restructurings
    •   Source of funds: Where are banks borrowing?
    •   Strategies for Borrowers & Lenders
Dr. Klaus Stoltenberg, Global Head of Ship & Aircraft Finance, Nord/LB

What Shipowners Want, Need and Expect from their Banks and Banking Relationships
Gust Biesbroeck, Managing Director & Global Head of Transportation, ABN AMRO Bank N.V.

High Yield Bonds – A Debt Alternative for Shipping Assets
    •   Current terms and conditions
    •   Valuation of Shipping Company Bonds
    •   High Yield Debt as an Alternative to Equity
Stathis Karanikolaidis, Executive Director, Syndicated & Leveraged Finance, J.P. Morgan Securities Inc.

Asian Bank Market: Appetite Update
Rodricks Wong, Financial Analyst, Marine Money Asia Pte. Ltd.

Commercial Banking Panel Discussion – Liquidity Returns, but for Whom
    •   Find the right balance between credit quality and yield
    •   Trends in volume and terms
    •   Are banks meeting the capex needs of the industry?
Market Overview and Moderator: Francis X. Nolan, III, Shareholder, Vedder Price P.C.
Hans C. Kjelsrud, Global Head of Shipping, Offshore and Oil Services, Nordea
Giacomo Landi, Senior Vice President – Head of Shipping, Offshore & Logistics Americas, DnB NOR Bank ASA
Ralf Bedranowsky, Managing Director & Global Co-Head of Deutsche Shipping, Deutsche Bank AG
Guillaume Dévé, Managing Director & Head of Shipping & Offshore Americas, BNP Paribas

This Just In.... Key Financial Issues Affecting Shipping Today
    •   Recapitalization: Current Trends; will it Change Shipping?
    •   Commercial Banks: How will banks manage their exposure to weaker shipping credits?
    •   Deal Flow in the Distressed Debt Market; Bonds versus Bank Debt
    •   Taking the Pulse of the German Ship Finance Market
    •   Will Public Capital Markets continue to recapitalize shipping industry?
Moderator: Brad L. Berman, Partner, Holland & Knight LLP
Tobias König, Managing Partner, König & Cie. GmbH & Co. KG and Co-Founder, American Feeder Lines
Michael A.J. Parker, Industry Head, Global Shipping & Logistics, Citi
George D. Cambanis, Global Shipping & Ports Leader, Deloitte Hadjipavlou Sofianos & Cambanis
Patrick McCarthy, Managing Director, High Yield/Distressed, Citadel Securities
Flip Huffard, Senior Managing Director, The Blackstone Group
Justin B. Yagerman, Director, Equity Research, Transportation, Deutsche Bank Securities Inc.

Chairman's Closing Remarks
Elliott K. Etheredge, Managing Director & Head of Marine Transportation Business Unit,
Dahlman Rose & Co. LLC

Thursday, June 23, 2011
Grand Ballroom

Chairman's Opening Remarks
Elliott K. Etheredge, Managing Director & Head of Marine Transportation Business Unit,
Dahlman Rose & Co. LLC

Shipping and Energy – Technology Outlook for 2020
    •   Global Megatrends
    •   Trends for Energy & Maritime
    •   Adoption and impact of new technologies
Christian Nerland, Associate Director, Det Norske Veritas (USA)

Hot Topics – Capital Markets
Hamish Norton, Managing Director, Jefferies & Company, Inc.

Dry Cargo Markets – Distinguishing your Business Model in a Commodity Market
Market Overview and Moderator: Chris J. Weyers, Managing Director, Head of Maritime & Transportation Investment Banking, FBR Capital Markets
John C. Wobensmith, CFO, Genco Shipping & Trading Limited
Herman Billung, CEO, Golden Ocean Management AS
Dale Ploughman, CEO, Seanergy Maritime Holdings Corp.
Ted C. Petrone, President, Navios Corporation
Spyros I. Capralos, President & CEO, Star Bulk Carriers Corp.
Ken Hoexter, Managing Director, Airfreight, Surface & Marine Transportation, Bank of America Merrill Lynch

Alternative Sources of Debt & Equity Capital for Shipping – One Year Later
Market Overview and Moderator: Gary J. Wolfe, Partner, Seward & Kissel LLP
Ole B. Hjertaker, CEO, Ship Finance International Limited
Sean Durkin, President, Northern Shipping Funds
Richard Hurowitz, CEO, Octavian Advisors, LP
Philip Clausius, President & CEO, FSL Trust Management Pte. Ltd.
Tobias Backer, Head of Shipping & Offshore, ICON Investments
Brian Ladin, Founder, Delos Investment Management

Investment Banking Summit – Deals That Can Get Done Today
    •   Institutional versus Retail: Finding the right shareholder balance
    •   Gauging investor sentiment
    •   Strategies for successfully marketing debt and equity
Market Overview & Moderator: Brett M. Esber, Partner, Blank Rome LLP
Mark Long, Global Head Transportation, Shipping, Services & Offshore, HSBC Bank plc
Wiley Griffiths, Managing Director, Investment Banking, Morgan Stanley
Simon G. Smith, Managing Director, Investment Banking, UBS Investment Bank
David Herman, Director, Investment Banking, Credit Suisse Securities (USA) LLC
Christa T. Volpicelli, Director, Investment Banking, Citigroup
Elliott K. Etheredge, Managing Director & Head of Marine Transportation
Business Unit, Dahlman Rose & Co. LLC

Investment Case for the Ship Management Sector
Roberto Giorgi, President, V Ships

Ship Recycling – A Guide for Investors
    •   Process of Recycling
    •   Role of the Cash Buyer
    •   Liability issues associated with scrapping for financial owners (Investors and Lenders)
Keyur Dave, CFO, Wirana Shipping Corporation

Anti – Piracy Security Services
Alexandros Theodosios Kontos, Operations Manager, LSS – SAPU

Gas Tanker Panel
Moderator: Johan Nic. Vold, Managing Director, Energy Policy Foundation of Norway,
Senior Advisor, Xyntéo
Nicholas Saverys, CEO, EXMAR NV
Graham Robjohns, CEO, Golar LNG Management Ltd.
David J. Butters, Chairman, President and CEO, Navigator Gas
Sveinung J. S. Støhle, President & CEO, Höegh LNG AS

Technical Issues Every (Intelligent) Investor Should Know
Albrecht Grell, Executive Vice President, Maritime Solutions, Germanischer Lloyd SE

The Art of Valuation – Analyst and Shipbroker Panel
Market Overview and Moderator: Robert Bugbee, President, Scorpio Tankers Inc.
Richard Fulford-Smith, Managing Director, RS Platou Shipbrokers A.S.
Douglas J. Mavrinac, Managing Director, Equity Research, Jefferies & Company, Inc.
Omar Nokta, Managing Director, Equity Research, Dahlman Rose & Co. LLC
Ole Slorer, Managing Director & Head of Energy Research, Morgan Stanley
Urs M.F.E. Dür, Senior Vice President / Senior Equity Analyst, Lazard Capital Markets LLC
Gregory Lewis, Vice President, Equity Research, Credit Suisse Securities (USA) LLC

Chairman's Closing Remarks
Elliott K. Etheredge, Managing Director & Head of Marine Transportation Business Unit,
Dahlman Rose & Co. LLC

SPECIAL BREAKOUT SESSION
Thursday, June 23, 2011
A Special Executive Briefing – Wedgwood Room

Forward Freight Agreements: An essential part of modern shipping
Dry Cargo and Tanker FFAs are an established part of the shipping markets. How have they evolved, how are they developing and what opportunites are there for new entrants. Expert speakers will demystify and explain the the structure of this exciting aspect of the freight markets.

FFA introduction and current market status
Duncan Dunn, SSY Futures Ltd.
Dry and Wet FFAs – Market Structure – Trading Style –
Developments and Volume – Future Outlook

The Baltic Exchange
Robin King, Baltic Exchange.
Baltic Indices Production – Market Monitoring –
New Specifications and Developments – Central Screen.

Central Clearing Counterparties
Isabella Kurek-Smith, LCH Clearnet Ltd.
Clearing – Structure and Benefits – Managing Defaults –
Membership System.

Opening a Clearing Account
John Cunningham, BNP Paribas
Account opening – documentation and mechanics –
Financial Arrangements – Ongoing commitments.

FFAs and The Law
Brian Perrott, Holman Fenwick and Willan
A look at recent developments in the legal regulatory structure surrounding FFAs.

Panel Questions
With additional invited experts from the NY FFA trading community.

Panel Discussion