programme

MARINE INVESTMENTS FINANCING FORUM 2002:
SHIPOWNERS VERSUS CAPITAL PROVIDERS:
"A TANGO FOR TWO":
How capital providers can fulfill shipowners needs today and in the future?
THURSDAY 31st OCTOBER 2002
THE GRAND HOTEL - AMSTERDAM - THE NETHERLANDS

09:00

Opening by the Conference Chairman
John GUY
Partner, Merlin Corporate Communications

09:05

Welcome
Aart KORTELAND
Chairman Royal Association of Netherlands Shipowners

09:10

Setting the Scene, Identifying the Objectives
Martin Stopford
Managing Director
Clarksons Research

Session 1: Owners' Requirements:
What owners think they should get from their commercial banks and why?

09:30	Is there a basic economic value in shipping? How should your bank see shipping? Rick van WESTENBRUGGE Managing Director, Jo Tankers
09:40	Quality / Transparency in shipping: Is it sufficiently recognised and rewarded by the banks? Dimitris Procopiou CEO, Centrofin Management Inc.
09:50	How should a shipowner cope with the sweeping changes in the banking market as a result of Basle II and the trends with respect to club deals? Jacco SMIT Director Treasury, P&O Nedlloyd
10:00	The trend toward consolidation & the change from a shipping asset provider to a logistics provider Paolo CLERICI Chairman & CEO, Coeclerici SpA
10:10	Debate between Speakers, Panelists and Conference Participants Panelists:
	Paul Leand Vice President, American Marine Advisors
	Jaap KALVERKAMP, Director, Global Shipping Group FORTIS Bank N.V.
	Peter BERGMAN VP Shipping Department, NIB Capital Bank NV
	Gerard Moussault Managing Partner, Van Doorne
10:40	[ Break ]

Session 2: Owners' Requirements:
Do public / private equity provide an attractive source of Funds to Shipowners?

11:10	Why is shipping interesting for public equity providers? What about bonds or convertibles? Torstein HAGEN CEO, Viking River Cruises AG
11:20	Why is shipping interesting for private equity providers? Alfred HARTMANN, CEO Hartmann Reederei
11:30	Why should a company go public? What are the necessary changes that the organisation must make? Peter GOODFELLOW President and CEO STELMAR Shipping Ltd
11:40	What are the disadvantages of being public? Why and when should a company delist? Carl Erik Haavaldsen President, Benor Tankers
11:50	Debate between Speakers, Panelists and Conference Participants Panelists:
	Ulf Holländer CfO, MPC Capital
	Ms Hild KINDER, Shipping Analyst Carnegie ASA
	Anthony ARGYROPOULOS, Senior Vice President - Corporate Finance Jefferies & Co.Inc
12:20	[ Lunch ]

Session 3: Perspective of Capital Providers:
Making profitable returns in a changing environment: What challenges do banks face?

13:40	The role of intermediaries between shipowners and institutional markets Bert Jan VOLBEDA, Head Shipping & Logistics NIB Capital Bank NV
13:50	Changing senior debt environment due to Basle II, RAROC focus plus changing underwriting and syndication strategies Rob HEIJLIGER, Global Head of Shipping ING Bank
14:00	Private Equity combined with senior debt Hugo MODDERMAN and Bote de VRIES DVB Nedship Bank N.V.
14:10	The increasing use of credit ratings in shipping transactions Gust BIESBROECK Deputy Director, Global Shipping, Fortis Bank
14:20	Debate between Speakers, Panelists and Conference Participants Panelists:
	Coco VROON Managing Director, Vroon B.V.
	Paolo CLERICI, Chairman & CEO Coeclerici SpA
	Dimitris Procopiou CEO, Centrofin Management Inc.
14:50	[ Break ]

Session 4 : Perspective of Capital Providers:
The Window of Capital Markets and its Attractiveness to Shipowners

15:20	What types of companies qualify for capital markets transactions? Public vs Private companies (advantages and disadvantages) Anthony ARGYROPOULOS, Senior Vice President - Corporate Finance Jefferies & Co. Inc
15:30	Is private equity an attractive proposal for today's shipowner? Kristian SIEM Chairman, Siem Industries Inc
15:40	Attractiveness of debt related capital market products and how they benefit shipowners Nicholas P. Daifotis Managing Director and Head of High Yield Capital Markets & Origination, Royal Bank of Canada
15:50	The role of private equity today and the current increase of private equity funds Torsten TEICHERT, Director Lloyd Fonds, Hamburg
16:00	Debate between Speakers, Panelists and Conference Participants Panelists:
	Peter GOODFELLOW President and CEO STELMAR Shipping Ltd
	Alfred HARTMANN, CEO Hartmann Reederei
	George PATAKOS, CEO, George N. Patakos Associates Ltd
16:30	[ Break ]

Session 5: Are There Risk Transfer Solutions for Ship Finance?