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June 21-23, 2016The Pierre Hotel, New York City
Prime Sponsors
Corporate Sponsors
w w w . m a r i n e m o n e y w e e k . c o m
CASTOR GROUP
Maritime Brokerage & Analytics
Capital for Shipping: The Evolution Continues The World’s Largest Ship Finance Conference
2 9 t h A n n u a l M a r i n e M o n e y W e e k
C
Capital for Shipping: The Evolution Continues The World’s Largest Ship Finance Conference
2 9 t h A n n u a l M a r i n e M o n e y W e e k
C
TUESDAY AFTERNOON, JUNE 21, 2016
12:30 Registration – Garden Foyer
1:30 Conference Convenes – Grand Ballroom
New Sources of Private Equity and Credit for Shipping
Private equity has played a critical role in ship finance over the past fiveyears. Today a new round of investors is coming into the market. In thissession, meet the newest sources of capital for shipping and hear whatkind of deals they are looking for.
1:30 Session Chairman’s Opening RemarksArt Regan, Operating Partner, Apollo Global Management
1:40 Private Equity: Current Investors, Structures and Funding Trends
• Top 5 Considerations for Getting your Deal Done
Speaker TBN
1:55 Overview of public Capital Markets status for shippingAndrew W. Horrocks, Managing Director & Global Head of Transportation & Autos, Credit Suisse Securities (USA) LLC
Alternative Capital Formation - Case Studies
2:15 V4 – Opportunistic equity club deal for high cash flow VLCCs
Robert P. Burke, Partner & CEO, Ridgebury TankersRob Flowers, Partner, Atalaya Capital Management LPJae W. Kwon, Managing Director, DNB Markets, Inc.
ModeratorMichael S. Timpone, Partner, Seward & Kissel LLP
2:35 Making it Work: The Shipowner’s Perspective on Alternative Capital
• How Big is Big Enough?
• Expanding Funding Sources - From Credit to Capital Markets
• The Benefits and Costs of a Public Listing - Making it Worthwhile
Aristides J. Pittas, Chairman & CEO, Euroseas Ltd.Leon S. Patitsas, Founder & CEO, Atlas Maritime Ltd.TBN, Schuyler Line Navigation Company, LLC
Moderator Bill Haft, Partner, Orrick, Herrington & Sutcliffe LLP
2:55 Networking Break – Garden FoyerSponsored by:
3:30 Legal Primer: What Works, What Doesn'tFrancis X. Nolan, III, Shareholder, Vedder Price P.C.
3:45 In Focus: Chinese Financial LeasingWith billions to invest each and every year, Chinese Financial Leasingcompanies are a Vital Source of Funding with whom Every ShipownerShould Develop a Relationship.
Meg Yu Liu, Director, Central China Leasing (CCL) Carol Gu, Deputy General Manager, SIPG Financial Leasing Co., Ltd. (invited)
Simon Liu, Managing Director, Shipping & Offshore, CM International Financial Leasing Co., Ltd.
ModeratorDaniel C. Rodgers, Partner, Watson Farley & Williams LLP
4:10 New Sources of Credit for Shipping
Asset backed Lending Solutions for ShippingJoseph J. Cipolla, Vice President, Wafra Capital Partners Inc.
The First “FinTech” Platform for Ship Finance Saravana Sivasankaran, CEO, Alpha Assets
The Role of Business Development Corporations in Ship FinanceMark Gatto, Co-CEO & Co-President, CION Investment Corp.
Credit Funds Filling the Funding Gap for Middle Market TransactionsSteve Baffico, Managing Partner & CEO, Four Wood Capital Partners LLC
What it Takes to Gain Direct Access to Insurance CompaniesKonstantin Driker, Managing Director, DVB Corporate Finance
ModeratorTBN
Session Chairman’s Closing Remarks
We invite all conference attendees to join us for
after conference drinks in the Cotillion Room at
The Pierre for additional networking before
other evening events commence all around NYC
WEDNESDAY, JUNE 22, 2016
7:45 Registration and Continental Breakfast – Garden FoyerSponsored by:
8:45 Conference Convenes – Grand BallroomWelcome from Marine Money
8:55 Conference Chairman’s Opening RemarksJeff Pribor, Global Head Maritime Investment Banking, Jefferies LLC
9:10 From the weeds to the trees – where to look for opportunities
Adam Kent, Director, Maritime Strategies International Ltd. (MSI)
9:35 In Focus: Shaping an Industry’s Reputation in the Capital Markets
Pimm Fox, News Anchor, Co-Host of Taking Stock, BloombergRadio & TelevisionInterviewed bySimon A. Rose, Chairman & CEO, Rose & Company
Credit Markets for ShippingWell-priced debt financing remains the lifeblood of the shipping industry.In this session, a dynamic combination of traditional and alternativelenders shares their views on shipping risk - and provides invaluableadvice for owners looking to borrow from them.
9:55 In Focus: The State of the Union for Commercial Ship Finance
Gust Biesbroeck, Managing Director & Global Head of Transportation Clients, ABN AMRO Bank N.V. Jennifer M. Goodall, Managing Director, Head of Energy, Commodities and Transportation Debt OriginationInterviewed byTed Young, CFO, Dorian LPG
10:15 The Successful Development of Sea BridgeSpeaker TBN, Crédit Agricole CIB
10:30 Networking Break – Garden FoyerSponsored by:
11:15 In Focus: German Ship Finance: Opportunities for Lenders, Borrowers and Investors
Tobias Zehnter, Global Head of Shipping, NORD/LBInterviewed byStefan P. Rindfleisch, Partner, Ehlermann Rindfleisch Gadow
11:30 ECA Financing from China and KoreaXiang Li, Deputy Division Chief, Division II, Export-Import Bank ofChina (CEXIM) Koung-rae Lee, Head of K-sure New York Corp., K-sure
ModeratorEric Ponzio, Executive Director, Government & Transportation Finance, J.P. Morgan Securities Inc.
11:50 Commercial Banking Summit• Does shipping have too much capital…or not enough
• Globalization: the Composition of Today’s Syndicates
• Has the Marketplace Already Adjusted to Incoming Regulations
• Charter Rates are Hot, Asset Prices Are Not: Is “Asset Play” over in Shipping?
• Is commercial ship finance capacity increasing or decreasing 2016 vs. 2017
• Impact of Stressed Offshore on Availability of Ship Finance
TBN, Nordea BankKristin H. Holth, Global Head of Shipping, Offshore & Logistics, DNB Bank ASAKlaus Stoltenberg, Global Head of Shipping, Deutsche BankCarsten Wiebers, Global Head of Maritime Industries, KfW IPEX-Bank GmbHAdam E. Conrad, Group Head of Maritime Finance, CIT MaritimeFinance
Co-ModeratorsPaddy Rodgers, CEO, Euronav NVBrian P. Devine, Partner, Norton Rose Fulbright
12:30 Marine Money Week Delegates Lunch honoring the 2015 Deal of the Year Award Winners in theCotillion Room
Keynote AddressNikolay Kolesnikov, Executive Vice President & CFO, SovcomflotMarine Money Dealmaker of the Year 2015Graciously Sponsored by:
Long Only:Successful Private and Public Business Models
Maritime Trade & Transportation
While often characterized as a single industry, the international shippingvertical is comprised of dozens of distinct sectors driven by unique fundamentals - populated by public and private companies that createvalue using a variety of different business models with different asset intensity. In this session, we highlight some of the best.
1:45 Session Chairman’s Opening Remarks TBN
1:50 What Terminals and Ports Tell us About Changing Trade Volumes
Jeff Armstrong, CEO, Zenith Energy Robert Yildirim, CEO, Yildirim Holding AS
ModeratorCraig Fuehrer, Managing Director, Deutsche Bank Securities Inc.
2:10 The Tanker Market: Premium Cash Flows at Discount Valuations
Paddy Rodgers, CEO, Euronav NVTrygve P. Munthe, Co-CEO, DHT Holdings, Inc.Kathleen C. Haines, Treasurer & CFO, Heidmar Inc.Peter Schulz, CFO, BW Pacific (Singapore)
ModeratorMarius Halvorsen, CEO & Partner, Fearnley Securities, Inc.
2:35 Untitled, Uncut, Unprompted...and entirely Unpredictable
Nicolas Busch, CEO, Navig8 GroupRobert Bugbee, President & Director, Scorpio Group
ModeratorErik Helberg, CEO, Clarksons Platou Securities AS
2:55 Chemical Tankers: The Beauty of Industrial Shipping Bart B. Kelleher, Chief Strategy Officer, Chembulk TankersJens F. Grüner-Hegge, Vice President, Corporate Finance, Stolt-Nielsen
ModeratorSimon Smith, Managing Director, UBS Securities LLC
3:15 Networking Break – Cotillion RoomSponsored by:
Strategies for Making Shipping Investable
3:35 Superior Yield Opportunities for REIT, Yield and MLP Investors
Øystein M. Kalleklev, Chairman, KNOT Offshore Partners GPDavid Spivak, CFO, Seaspan CorporationOle B. Hjertaker, CEO, Ship Finance International LimitedLars Solbakken, CEO, Ocean Yield ASA
ModeratorLoli Wu, Managing Director, Investment Banking, Bank of America Merrill Lynch
3:50 In Focus: How Best to Invest in Shipping Tom Higbie, Managing Director, Solus Alternative Asset Management LPInterviewed byMark K. Friedman, Senior Managing Director, Evercore
4:15 Robert Bugbee’s Annual Equity Analyst RoundtableDouglas J. Mavrinac, Managing Director, Equity Research, Jefferies LLCJonathan B. Chappell, Senior Managing Director, Evercore ISIFotis Giannakoulis, Executive Director, Morgan StanleyBenjamin J. Nolan, Director, Maritime Research, StifelOmar M. Nokta, Managing Director, Shipping Research, Clarksons Platou SecuritiesMagnus Fyhr, Managing Director & Senior Shipping Analyst, Seaport Global Securities, LLCJonathan Staubo, Research Analyst, Fearnley Securities AS
ModeratorRobert Bugbee, President & Director, Scorpio Tankers Inc. & Scorpio Bulkers Inc.
Directly following the conference todayWe Welcome all Attendees to join us for a
Networking Cocktail Reception inThe Cotillion Room at The Pierre
Graciously Sponsored by:
Restructuring Solutions in Shipping & Offshore
11:00 Introductory Remarks: The 5-year history of Shipping Restructurings
Gavin Kagan, Managing Director, Houlihan Lokey
Panel Discussion: Shipping Restructurings, Lessons Leaned • Drybulk – strategies and approaches in prolonged cycles
• Optimal capital structures – do they exist?
• Recapitalization
• Restructuring implementation considerations
Panelists TBN
ModeratorGavin Kagan, Managing Director, Houlihan Lokey
11:50 In Focus: Shipping & The United States Bankruptcy CourtThe Honorable Robert D. Drain, United States Bankruptcy Judge,Southern District of New YorkInterviewed byJovi Tenev, Partner, Holland & Knight LLP
12:05 Panel Discussion: Offshore Oil + Gas - A Sector In Turmoil
• Offshore oil + gas vs shipping - similarities / differences
• Prospects for industry players – from yards to customers
• Negotiation strategies when outlook is uncertain
• Chapter 11 vs international processes – what is happening and why
Panelists TBN
ModeratorPaul Leand, Jr., Managing Director & CEO, AMA Capital Partners LLC
12:55 Marine Money Week Delegates Lunch honoring the 2015 Rankings Award Winners – Cotillion RoomGraciously Sponsored by:
THURSDAY, JUNE 23, 2016
8:15 Registration and Continental Breakfast – Garden Foyer
Counter Cyclical Investment Opportunities:From Dry Bulk to Offshore
Dry Bulk: When to Buy, What to BuyCounter-cyclical investment is the key driver of value creation in theasset-intensive shipping industry - and today’s all-time low bulk carriermarket is offering an extraordinary opportunity for deep value investing…the question isn’t if the market will turn, the question is when, and whattypes of ships and which companies to invest in.
9:20 Dry Cargo Market OutlookDouglas J. Mavrinac, Managing Director, Equity Research, Jefferies LLC
9:30 Dry Cargo Panel DiscussionDr. Loukas Barmparis, President, Safe Bulkers, Inc.Robert Bugbee, President & Director, Scorpio Bulkers Inc.Hamish Norton, President, Star Bulk Carriers Corp.Gary Vogel, CEO, Eagle Bulk Shipping, Inc.John C. Wobensmith, President, Genco Shipping & Trading LimitedJane Freeberg Sarma, Counsel, Reed Smith LLP
ModeratorDouglas J. Mavrinac, Managing Director, Equity Research, Jefferies LLC
10:20 Offshore Vessel Values: Reality Vs. Fantasy for OSV’sAdrian Economakis, COO, VesselsValue Ltd.
10:35 Networking Coffee – Garden FoyerSponsored by:
Version 13 - 2016_06_01 ***Program Subject to Change*** Photos by Chris Preovolos
Media Sponsors
World ils
The Deal Room, located down the hallwayfrom registration, an island of quiet for business discussions.
Tuesday, June 21 – Noon until 5:00 pm
Wednesday, June 22 – 9:00 am until 5:00 pm
Thursday, June 23 – 9:00 am until 4:30 pm
Continuous Afternoon Coffee Break – Garden FoyerSponsored by:
2:10 Topic and Speaker TBD
The Future of Shipping and Ship Finance
2:40 In this special closing session, leading shipping executives are interviewed and share their vision for the global shipping and ship finance industry, and then form a panel to close theconference.
Speakers TBA
3:30Peter Evensen, President & CEO, Teekay CorporationInterviewed byNiels Lyng-Olsen, Pareto Securities Inc.
Closing Panel Discussion & Chairman’s Closing RemarksModerator & ChairmanJeff Pribor, Global Head Maritime Investment Banking, Jefferies LLC
Marine Money Thank You and Conference Concludes
29TH ANNUAL MARINE MONEY WEEK – June 21-23, 2016 The Pierre Hotel, Fifth Avenue at 61st Street, New York City
REGISTRATION FEE: Savings
o All 3 Days o Non-subscriber $3,435.00 o MM Subscriber* $3,091.50 10%
o BEST VALUE! Pay for three employees and get the fourth free! Each delegate must fill out full form.
o Special Package** $4,432.50 (Outside North America, please add $200 postage & handling. Connecticut Residents please add 6.35% Sales tax.)
Special Package includes:
• MMWeek Delegate fee. All 3 days ($3,435.00 Value)
• 1 year subscription to Marine Money Magazine & Freshly Minted (online weekly) & MM Asia (online bi-weekly) ($1,490 Value)
• Discount on future Marine Money conferences
*This discount ONLY applies if your office is a Marine Money subscriber. **Package for new subscribers only
CANCELLATIONS: Should you be unable to attend the forum for any reason, please inform us in WRITING and a credit voucher will be issued towards any future purchases of Marine Money publications and forums. Substitu-tions are welcome at any time, please inform us in writing of substitutions.
If for any reason Marine Money decides to cancel this forum, Marine Money does not accept responsibility for covering airfare, hotel or any other costs incurred by registrants. Program content subject to change without notice.
Fax Back Now +1.203.406.0110 or Click here to register online
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