2023 Marine Money Week

Agenda

June 20-22, 2023

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1:30 Welcome

James R. Lawrence, Chairman, Marine Money & Partner, MTI Network

Ted Jadick Jr., President & CEO, DNB Markets, Inc.

1:40 Global Energy Outlook

Dr. Edward L. Morse, Managing Director, Citi

2:05 Outlook for OSVs, Drillers & Offshore Wind

Mike McCormick, Principal, Rystad Energy

2:25 Offshore Support Vessels (OSV) - Panel Discussion

Todd Hornbeck, President & CEO, Hornbeck Offshore Services

Quintin Kneen, President & CEO, Tidewater

John Gellert, President & CEO, SEACOR Marine Holdings

Moderator

Jim Cirenza, Managing Director, DNB Markets

3:00 Offshore Drilling CFO’s – Panel Discussion

Chris Weber, CFO, Valaris

Richard Barker, Senior Vice President & CFO, Noble Corporation

Moderator

Olav Andreas Sissener, Head of Offshore Drilling, Investment Banking, DNB Markets

3:35 Offshore Wind – Panel Discussion

Hugh Baker, CFO, Eneti

Bob Karl, Senior Vice President & General Manager, Crowley Wind Services

Jose Bayardo, Senior Vice President & CFO, National Oilwell Varco (NOV)

Mikkel Gleerup, CEO, Cadeler

Moderator

Charlie Papavizas, Partner, Chair Maritime Practice, Winston & Strawn

4:10 Funding the Offshore Industry: Market Conditions & Capital Sources

With a small orderbook, robust demand growth and limited capital availability, offshore energy is one of today’s most attractive opportunities for banks, credit funds and equity investors.

Evan W. Uhlick, Head of Ocean Industries, North America, DNB Bank

Alfredo Marti, Partner, Sandbrook Capital

Hunter Bollman, Leveraged Finance, Investment Banking, J.P. Morgan

Harris Antoniou, Managing Director, Neptune Maritime Leasing

Moderator

Chris Weyers, Managing Director, AMA Capital Partners LLC

Matt McCleery, Marine Money

9:10 Opening Remarks from our Partner, Jefferies

Doug Mavrinac, Global Head of Maritime Investment Banking, Jefferies Group LLC

9:20 Energy Shipping - Re-energised or running on fumes?

• Changing trade dynamics

• Energy security

• Energy transition and decarbonisation

• Offshore renewables and new fuels

• Winners and losers – short, medium and longer term

Dr. Adam Kent, Managing Director, Maritime Strategies International (MSI)

9:40 The “Shadow” Fleet – Current and Future Impact on the Tanker Markets

Michelle Weise Bockmann, Markets Editor, Lloyd’s List

9:55 Leader in Focus: George Logothetis, Executive Chairman, Libra Group

George Logothetis was only 19 years old when he became CEO of his family business, Lomar Shipping, a London-based owner of three vessels. At 28, he founded Libra Group, a privately-owned, international business group that now has assets and operations across nearly 60 countries. Headquartered in New York, today the Group is comprised of 30 operating entities, including 20 businesses predominately focused on aviation, renewable energy, maritime, real estate, hospitality, and diversified industries, and 10 independently-run social initiatives.

Interviewed by

Doug Mavrinac, Global Head of Maritime Investment Banking, Jefferies Group LLC

10:55 Product Tankers – The Boom Continues

A combination of demand drivers has caused the product tanker market to tighten dramatically, sending charter rates to levels not seen in 30 years. With a limited orderbook, this market looks set to continue to produce

extraordinary profitability.

• Ton Miles

• Orderbook

• Strategies for Diversification

• New Markets and New Ships: From CO2 Tankers to Biofuels

Gregg Ruhl, President & CEO, Algoma Central Corporation

Sean Hager, Chartering Manager, Scorpio Tankers

Jacob Meldgaard, Executive Director & CEO, TORM A/S

Carlos Balestra Di Mottola, Executive Director & CFO, d'Amico International Shipping

Bart Kelleher, CFO, Ardmore Shipping Corporation

Morten Mosegaard, CFO, Maersk Tankers

Moderator

Erik Helberg, CEO, Clarksons Securities

11:35 Future-Fit Ships - How to Run Existing Assets and Renew a Fleet through Transitional Times

James Frew, Business Consultancy Director, Lloyd's Register

11:50 The Outlook for the LPG Sector

Consensus expectation was that the LPG orderbook would put downward pressure on charter rates in 2023, but they have been resilient. Let’s dive into what’s happening in this market.

• One year into the war: what are the medium-term impacts on seaborne trade?

• China is the world’s leading importer of LPG, so what is the outlook for Chinese demand?

• What are the implications for LPG production in the US and Middle East?

• Ammonia is key to decarbonization, and the LPG sector transports it. What does the future hold?

Randi Navdal Bekkelund, CFO, Avance Gas

Anders Onarheim, CEO, BW LPG

Ted Young, CFO, Dorian LPG

Mads Peter Zacho, CEO, Navigator Holdings

Moderator

Øystein Vaagen, Head of Shipping Research, Fearnley Securities

12:20 An Introduction to Avantis - a Marine Engineering Solutions Provider

Some of today's greatest shipping opportunities involve marine engineering - from environmental regulation compliance to asset performance optimization to extending the trading life of vessels.

Davide Lajolo, Head of Sales, Avantis Group

12:35 Captains of Industry: Tor Olav Trøim, Capital Markets Pioneer

Interviewed by

Michael D. Tusiani, Chairman Emeritus, Poten & Partners, Inc.

Tor Olav Trøim has been a pioneer in building the relationship between the shipping and offshore industries and the global capital markets. He has owned, created, listed and managed more public companies than any other entrepreneur in history. Highlights include: CEO of Frontline Ltd (NYSE), Seadrill Ltd (NYSE ) SFL ( NYSE) and Golar LNG (NASDAQ). Since he established his family business Magni Partners in 2014 he has founded several new ventures including the world’s leading jack-up company Borr Drilling, the newly listed dry bulk company, Himalaya Shipping and the downstream LNG company, Hygo which was sold to NFE. In this session, Tor Olav shares his personal story; the successes and setbacks, the lucky breaks and frustrations, the hard work and not at least the lessons learned from the mistakes ....and how he sees the future of the shipping and offshore industry in the capital markets. Tor Olav has defined himself as a hydrocarbonist and has some strong opinions about the realism and the global consequences of the current ESG policies.

2:15 Crude Oil Tankers – Why the Bull Market is Set to Last

Crude oil tankers are the bridge that connects producers with refineries,

providing a mission critical link for global energy markets. Tanker owners discuss the opportunities and challenges of today’s market.

• Asset Prices and Charter Rates - The Great Disconnect?

• Consolidation, Capital Markets & Valuation

• Digitalization & Decarbonization

Lars Barstad, CEO, Frontline

Lois Zabrocky, CEO, International Seaways

Ted C. Petrone, Vice Chairman, Navios Corporation

Moderator

Christa T. Volpicelli, Head of Shipping Investment Banking, Citi

2:45 Where Do We Stand with Decarbonization and How Can Newport Help?

• Decarbonization tools, big picture progress, and what is needed to reach targets

• Who can retrofit / requirements and Newport's solutions

Ege Akcasoy, Managing Director, Newport Maritime Services

2:55 Heads of Shipping: Commercial Banking Summit

Commercial ship lending is a big and important business. In this session, leading lenders shed light on current market conditions and their strategies for serving clients, managing risk and making money for shareholders.

• Implications of the UBS / Credit Suisse Deal

• HSBC Greek exit

• Managing Risk at the Top of the Cycle

• Bridging the SOFR/LIBOR price gap

• Decarbonization Regulations and CII Ratings – the Impact on Collateral

Vassilios Maroulis, Managing Director, Global Head, Shipping, Logistics & Offshore, Citi

Abhishek Pandey, Global Head of Shipping, Standard Chartered Bank

Christos Tsakonas, Global Head of Shipping, DNB Bank

Sebastian Blum, Director - Team Head, Mobility - Maritime Industries, KfW IPEX-Bank GmbH

Ilias Katsoulis, Head of Shipping, Deutsche Bank AG

Evan Cohen, Group Head Maritime Finance, CIT

Moderator

Jovi Tenev, Partner, Holland & Knight

3:30 Private Placements & Shipping Finance

In this presentation, Egan-Jones underscores the growing demand for marine-related credit ratings and outlines the potential advantages these ratings provide.

John Bareiss, Managing Director, Sales and Marketing, Egan-Jones Ratings Company.

3:40 The S + G of ESG: Progress, Goals, Opportunities & Challenges

In terms of Diversity, Equity and Inclusion, the shipping industry is making progress, but there is still much work to be done. In this session, we recognize the industry's accomplishments and discuss constructive ways to reach future goals.

Randee E. Day, President & CEO, Day & Partners LLC

Stavros Gyftakis, CFO, Seanergy Maritime Holdings Corp.

Diana Codispoti, Director, Human Rights, Position Green USA

Christina Liviakis Gianopulos, President, WISTA USA

Moderator

George A. Paleokrassas, Senior Partner & Global Co-Head Maritime/Head of NY Office, Watson Farley & Williams

4:10 Maritime Cybersecurity: What One Attack Could Cost Your Business

A discussion on maritime cybersecurity risks, the role technology and regulations play, and how companies can better prepare for potential attacks.

Lindsay Arnold, Head of Marketing, ABS Wavesight

Dr. Sameer Bhalotra, Co-founder & CEO, ActZero

4:25 Strategies for Ship Finance & Investment: New Paradigm, or Just Another Cycle?

Has the “buy low, sell high” playbook changed? The orderbook is small for most sectors. Newbuilding and secondhand prices are firm relative to historical levels. Future fuels remain uncertain, and owners are de-leveraging daily. Is this a new paradigm, or just another cycle?

John Wobensmith, CEO, Genco Shipping & Trading

Knut Traaholt, CFO, Flex LNG

Ole B. Hjertaker, CEO, SFL Management

Edward Buttery, CEO, Grindrod Shipping and CEO, Taylor Maritime Investments

Jake Scott, Principal, Womar

Moderator

Doug Mavrinac, Global Head of Maritime Investment Banking, Jefferies Group LLC

9:20 Opening Remarks

Mike McCleery, Marine Money

9:30 The Growing Role of Infrastructure Funds in Maritime Industries

With a longer holding period, a lower cost of capital than traditional private equity and growing demand from the Inflation Reduction Act (IRA), infrastructure funds are playing a larger role in the financing of maritime assets.

Denny Sreckovic, Credit Partner, Global Infrastructure Partners

Art Regan, CEO, Energos Infrastructure

Loli Wu, Managing Director, Investment Banking, Bank of America

James Wyper, Senior Managing Director, Stonepeak

Moderator

Brian Innes, Director, Bank of America

10:05 Shipowner Spotlight: Captain Alok Kumar, Chairman, Alphard Group

In this session, we highlight an exciting shipowner with ambitious growth plans.

Interviewed by

Stefan Rindfleisch, Partner, Ehlermann Rindfleisch Gadow

10:20 The Current State of Chinese Financial Leasing

Carl Rehder, Vice President , Commercial – Europe, Bocomm Shipping Leasing (Europe) GmbH

In conversation with

Han Deng, Partner, Transportation – Asset Finance, Reed Smith

10:35 Investing and Managing Private Capital in Shipping & Offshore: Current Conditions & Outlook

From direct lending to direct equity investing, private capital has become a permanent feature of the shipping and offshore industries - and a key supplement to traditional capital markets and commercial banks. In this session, the leading players discuss the state of the market - and how this important trend is likely to evolve in the coming years.

Christoph Toepfer, Founder & CEO, Borealis Maritime Limited

Ole Hjertaker, CEO, SFL Management

Harris Antoniou, Managing Director, Neptune Maritime Leasing

Svein Engh, Senior Managing Director & Portfolio Manager, EnTrust Global

Moderator

Dylan Potter, Partner, Vedder Price

11:35 Dealmakers, Capital Markets & Shipping: What Can Get Done Today?

There’s never been a better time for shipowners and maritime service companies to get creative when it comes to dealmaking. In this session, active dealmakers talk about recent transactions and why they decided on the markets and structures they did.

• Equity Market conditions – London, Oslo and New York

• Deals – What is getting done today?

• Listing Alternatives – SPACS, Spin-offs, structured transactions and OTC Markets

• M&A – From Maritime Service Companies to Traditional Shipowners

Pankaj Khanna, CEO, Heidmar Inc.

Larry C. Glassberg, Co-Head of Investment Banking & Executive Managing Director, Maxim Group

Georg Whist, CEO, Gram Car Carriers

Hugh Eden, Senior Vice President, Maritime, Jefferies Group LLC

Hew Crooks, Partner & CFO, Ridgebury Tankers

Moderator

Keith J. Billotti, Partner & Co-Head of Capital Markets, Seward & Kissel

12:10 Sustainable Recycling: What Capital Providers, Owners & Charterers Need to Know

Dr. Anil Sharma, Founder and CEO, Global Marketing Systems (GMS)

In discussion with

Matthew Havens, Structured Finance & Syndications – Americas, KfW IPEX-Bank GmbH

12:25 Deep Sea Shipping & Energy Transition – Strategies, Funding & Economics

Decarbonizing the planet is one of humanity’s greatest challenges, it is also the most important. In this session, leaders share their perspective on this difficult, but must-solve, challenge.

• Where will the $2 trillion come from – Funding maritime transition

• Is it still possible to meet the IMO targets?

• Fleet renewal strategies in a time of uncertain fuel

• Optimization and Digitization: improving efficiency today

• Collaborating Across the Value Chain: Owners, Charterers, Governments and Lenders

Andreas Enger, CEO, Höegh Autoliners

Anthony Gurnee, CEO, Ardmore Shipping Corporation

Gustav Sannem, Vice President, Finance & Deputy CFO, Odfjell SE

Frederik Pind, Managing Director, Njord, Maersk Tankers

Dr. Arlie Sterling, President, Marsoft Inc.

Moderator

Gaurav Moolwaney, Managing Director, Shipping Finance, Global Credit Markets, Standard Chartered Bank

2:15 Is China GDP Growth Back for Good? Commodities Demand & the Outlook for Shipping

Serafino Capoferri, Associate Director, Macquarie Group

2:35 Dry Cargo Panel – China, India and a Small Orderbook

With a small orderbook and the resumption of run rate trade growth, the dry bulk market is poised for sustained strength.

Gary Vogel, CEO, Eagle Bulk Shipping

Hamish Norton, President, Star Bulk Carriers Corp.

Stamatis Tsantanis, Chairman & CEO, Seanergy Maritime Holdings Corp.

Mark Filanowski, CEO, Pangaea Logistics Solutions

Peder Simonsen, CFO, Golden Ocean Management

Moderator

Wiley Griffiths, Managing Director & Global Head of Transportation & Infrastructure – North America, Morgan Stanley

3:10 Spotlight on Emerging FinTech Solutions for Shipowners, Debt Arrangers and Funders

In this session we will hear from two companies on how they are creating new offerings that give better financing options for shipowners and access to more deal flow for financiers and investors.

• Next gen loan market platform

• Digital tokenization of assets

Dipak Karki, Business Advisor – Shipping, iLex

Omaid Hiwaizi, Co-founder, Infinity Maritime

Moderator

Jonathan Chia, Managing Director, Operations, Marine Money

3:30 Container Shipping – Is the Worst Over for Owners?

The post-pandemic container ship market has been more resilient than many market players expected. In this panel, we look around the corner to see what to expect next.

• Is CII the new “Port Congestion”

• What recent fixtures and vessel sales tell us about fundamentals

• Why were only 19 Ships Scrapped last year?

Ian Webber, CEO, Global Ship Lease

Aristides Pittas, Chairman & CEO, Euroseas Ltd.

Graham Talbot, CFO, Atlas/Seaspan Corporation

Tate Sullivan, Managing Director & Senior Industrials Analyst, Maxim Group

Moderator

Craig Fuehrer, Managing Director, Deutsche Bank Securities

3:55 Buy & Sell Signals in the Automation Age

Dr. Alexander Adamou, Chief Scientist, VesselsValue

4:10 Omar’s Room: Equity Investment in Shipping: Today's Best Strategies for Investors & Companies

• The Shipping Cycle - What Inning are we in Today?

With an atypically smaller orderbook in most sectors, shipping's bull run looks set to continue. Is shipping going to be higher for longer - or are we setting the stage for an equally powerful cyclical downturn.

• The Growing Power of Social Media in Shipping - Ignore it at your Peril

Social media offers essential communication and engagement with the emerging generation of traders and investors. Savvy shipping companies are taking note: with the right steps, these firms can earn premium

valuations while those who stick to "traditional" channels risk getting left in the dust.

• Risks and Opportunities - Unprecedented Liquidity & Ample Risks

Shipowners have never had so much cash, or so few uses of proceeds. With secondhand prices at record highs and owners reluctant to order new 25-year assets without clarity on energy transitions, today's market is extremely unique.