S U S TAI NI NG

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present

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MARINE
Corporate Sponsors

M O N E Y
W E E K
MARITIME

JUNE 17-19, 2008

R

THE PIERRE HOTEL

NEW YORK CITY

w w w . m a r i n e m o n e y . c o m
 Hans Petter Aas, Head of Global Shipping, DnB NOR
Tuesday Afternoon, June 17, 2008 – Wedgwood Room
Andreas Povlsen, Managing Director, Global Shipping, BTMU
Harris Antoniou, CEO, Energy, Commodities & Transportation, Fortis Bank
Where Will the $300 Billion of Capital Come From - 2009-2011?
Harald Kuznik, Global Head of Shipping, HSH Nordbank AG
A “Don’t Miss” executive briefing for every lender,
and borrower, involved in marine finance 4:00 The Borrower’s Perspective – Big Companies and Small
• What has changed?
2:00 Chairman’s Opening Remarks • Current market conditions
Simon Rose, CEO, Dahlman Rose & Co. LLC • Outlook for capex needs
• Non-recourse borrowing
2:05 Session Chairman
Anthony Kandylidis, CEO, Oceanfreight
Kevin Kennedy, CFO, Synergy Marine Limited
Marco Fiori, CEO, d'Amico International Shipping S.A.
Felipe Menéndez, CEO, Ultrapetrol
2:10 Outlook for Capital Requirements
Ed Terino, CEO, Arlington Tankers
• Forecast for vessel values and charter rates
Paul Durham, CFO, Tsakos Energy Navigation
• Quantifying the size of the order book
• What will really get delivered – And need to be financed? Moderator: Lawrence Rutkowski, Partner, Seward & Kissel LLP
Dr Arlie G. Sterling, President, Marsoft, Inc.
5:00 Chairman’s Closing Remarks
2:30 Assessing the Capacity of the Global Ship Finance Industry
• Historical capacity of vessel financing markets
6:00 Gala Opening Reception
• Who will supply debt finance for the $200 billion orderbook?
• If Wall Street is Closed, Where will $100 billion of equity come from?
Michel Bourgery, Managing Director, Head of Advisory and M&A, DVB Bank Wednesday, June 18, 2008 – Grand Ballroom
2:50 Ship Finance Market in the Naughties: State of the World, State of the Markets…
Trends in Deal Size, Conditions in Syndication Market and Pricing Future of the Ship Finance Industry
Rory Hussey, Managing Director, Syndicated Finance, ING Bank
7:30 Registration and Continental Breakfast sponsored by
3:10 International Commercial Banking & Debt Capital Markets
• Will traditional banks have adequate capacity?
8:20 Welcome and Opening Remarks
• Flight to modern assets: Where does it leave older tonnage
Matt McCleery, President, Marine Money International
• The role of shipbuilding governments like Korea, China and Japan
• Financing “projects” not corporations
Chairman’s Opening Remarks
• The need for mezzanine/junior debt
Simon Rose, CEO, Dahlman Rose & Co. LLC
Ronny Bjørnådal, SVP & Global Head Syndicated Loans, Nordea Bank
8:30 Getting Fundamental: Assessing the Supply of & Demand for Commodities, • Asset heavy or trading: What is the optimal model?
Transportation and Infrastructure TBA, Overseas Shipholding Group
• Quantifying the supply of cargo – from iron ore to coal to metals Peter Evensen, Executive Vice President & Chief Strategy Officer, Teekay Shipping Corporation (invited)
• Outlook for demand for dry cargo commodities
Tor Olav Trøim, Vice Chairman, Frontline Management AS
• Will there be enough, or too many, ships to carry available cargo?
Jeff D. Pribor, CFO, General Maritime Corporation
• Can shore-side infrastructure keep pace with the supply & demand for commodities?
Georgios Th. Kassiotis, CEO, Omega Navigation Enterprises
• Making money from temporary imbalances of supply & demand
Nikolai L. Kolesnikov, EVP, Chief Strategy & Financial Officer, Sovcomflot
Dahlman Rose Metals and Mining Team

Moderator: Craig Fuehrer, Managing Director, Deutsche Bank

9:45 Dry Cargo Companies – Creating Sustainability in a Cyclical Market
• Creating sustainable returns for shareholders in the current market
1:00 Rankings Awards Luncheon sponsored by
• Value alignment: Will share prices rise or vessel values fall?
• Asset light or asset heavy – Different strategies for creating value
2:00 Container Session Opening Remarks
• “Drop-downs” – Do They work?
Paul Dowell, Director of Research & Consultancy, Howe Robinson Shipbrokers
Arvid Tage, CEO, Britannia Bulk plc Peter Shaerf, Managing Director, AMA Capital Partners LLC
Khalid M. Hashim, Managing Director, Precious Shipping
Sophocles Zoullas, CEO, Eagle Bulk Shipping 2:20 Container Vessels
Ted C. Petrone, President, Navios • Is there too much capital available for shipping?
Joseph E. Royce, CEO, TBS International • Impact of U.S. recession on transpacific volumes
John Wobensmith, CFO, Genco Shipping & Trading • Vessel displacement: Impact of newbuildings on the current fleet
Sai W. Chu, CFO, Seaspan Corporation
10:30 Networking Coffee sponsored by Dr. John Coustas, CEO, Danaos Corporation
Ban-Huat Quah, CFO, Rickmers Maritime
11:00 The Oil Debate: There Will Clearly be Demand but Will there be Supply? Chuck G. Raymond, CEO, Horizon Lines
Have we Reached Peak Oil Production?
Aristides Pittas, CEO, Euroseas
• The peakist versus non peakist view
Andreas N. Papathomas, CEO, Synergy Marine Limited
• The quest for finding oil offshore
Jeff Dietert, Managing Director, Research, Simmons & Company International
3:10 Afternoon Networking Coffee

11:45 Tanker Owner Panel: Positioning your Company for the “New Era” of Oil
3:40 150 Years of Shipping Returns on Capital: The Wild Ride Continues
• Why can’t stocks trade above Net Asset Value?
• 150 years of shipping cycles
• Why is paper so much cheaper than steel?
• Macro demand drivers and returns on capital
• Digesting the massive order book
• Will it end in tears? When?
• Consolidation: Does it actually benefit shareholders?
Dr. Andreas Vergottis, Research Director, Tufton Oceanic Ltd.
4:00 The Equity Perspective Omar Nokta, Managing Director, Equity Research, Dahlman Rose & Co. LLC
With the global market capitalization of shipping equity now over $500 billion and turnover of derivatives exceeding Gregory Lewis, Senior Analyst, Shipping, Credit Suisse
$125 billion per year, the volatile and sometimes inefficiently valued shipping industry has become an ideal market-
place for private equity and for specialist hedge funds. In this session, hear the strategies of leading players. 10:10 Networking Coffee sponsored by
George Elliott, CEO, Naftilia Asset Management Ltd.
Dr. Andreas Vergottis, Research Director, Tufton Oceanic Ltd. 10:40 CEO Summit: The Perspective of Large Cap,
Small Cap and Foreign Listed Shipping Companies
Tobias König, CEO, König & Cie KG
• Access to equity capital
Jay Charles Goodgal, President, Castalia Advisors LLC
• Valuations & research coverage
Marc Minikes, CFA, Kayne Anderson Capital Advisors, LP • Lessons learned – Recommendations to private companies
Ted Young, Managing Director - Merchant Banking, Bear Stearns & Co. Inc. • Sustaining performance – Year after year after year

Jesper Clausen, CEO, V.Financial Joseph H. Pyne, CEO, Kirby Corporation

Ion G. Varouxakis, CEO, FreeSeas
Michael Bodouroglou, CEO, Paragon Shipping
5:30 Cocktail Reception at
Morits Skaugen, CEO, I.M. Skaugen
42 E. 58th Street (between Madison & Park Avenues)
Philip Clausius, CEO, First Ship Lease

Thursday, June 19, 2008 – Grand Ballroom Moderator: Jovi Tenev, Partner, Holland & Knight LLP

8:00 Registration and Continental Breakfast sponsored by 11:20 Investment Banking & the Equity Capital Markets
• Will the equity markets provide the equity needed for newbuildings?
NASDAQ Open • How can shipping shares break away from shipping cycles?
• Selling equity when comps trade below NAV?
• Enough is enough – Distinguishing between companies that look the same
Wall Street Outlook
• Off-balance sheet options for raising needed equity
• Are SPACs a viable companion to public companies?
9:00 State of the US Economy • Strategies for today’s choppy capital markets
Issues and drivers: Inflation, interest rates, currency, and the federal government reaction Andy Dacy, Global Head of Shipping & Cruise, JP Morgan Securities, Inc.
Economist – TBA Anthony C. Argyropoulos, Managing Director, Cantor Fitzgerald & Company
Simon Smith, Managing Director, UBS Investment Bank
9:20 Key Drivers for Equity Appreciation Loli Wu, Managing Director, Citi
• Top prospects for the year to come Mark Friedman, Managing Director, Merrill Lynch & Co., Inc.
• Market sector calls Joseph M. Giacobbe, Managing Director, Banc of America Securities
• The valuation conundrum
David A. Herman, Vice President, Credit Suisse First Boston LLC
Justine B. Fisher, Vice President, High Yield Research, Goldman, Sachs & Co.
Craig Fuehrer, Managing Director, Deutsche Bank
Natasha L. Boyden, Senior Vice President, Cantor Fitzgerald & Company
Jonathan B. Chappell, Executive Director, J.P. Morgan Securities Inc. Moderator: Brett M. Esber, Partner, Blank Rome LLP
Douglas J. Mavrinac, Managing Director, Equity Research, Jefferies & Company, Inc.
12:15 Hot Topics – Capital Markets
Hamish W. M. Norton, Managing Director, Jefferies & Company, Inc.

12:30 Deal of the Year Awards Lunch sponsored by

2:15 Global Macro of Offshore E&P Market

• Where is new supply coming from?
• Production onshore vs. offshore
• Offshore dynamics – Including a regional overview, new discoveries, and spending trends
John Westwood, Chairman, Douglas-Westwood Limited

2:40 Norwegian Drillers 2004 - 2008

• A success story with caveats
Frank Harestad, Senior Oil Services Analyst, Pareto Securities ASA

3:00 Investment Opportunities in the Offshore Market – Analyst Panel

• Top prospects for the year to come
• Market sector calls: Drillers, FPSO’s, subsea completion, supply boats
• The valuation conundrum
Judson Bailey, CFA, Vice President, Jefferies & Company, Inc.
Omar Nokta, Managing Director, Equity Research, Dahlman Rose & Co. LLC

3:45 Marine Transport companies’ recent involvement in the offshore market?

• Why offshore and why now?
• Valuation comparisons
• Comparative advantages

5:00 Chairman’s Closing Remarks

Simon Rose, CEO, Dahlman Rose & Co. LLC

Program subject to change without notice .

 21 ST ANN. MARINE MONEY WEEK – June 17-19, 2008
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