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TUESDAY 30 OCTOBER, 2001 |
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15:00-19:00
Conference Registration |
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Wednesday 31 October 2001 08:00-09:00
Conference Registration |
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SESSION 1:
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Setting the scene / Changing face of Shipowning |
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1.
Is
shipowning only about increasing return on equity? 2.
Why
does a shipowner invest in shipping, knowing shipping's poor ROE history? 3.
Is
there a credit crunch for shipowners? 4.
Does
the credit crunch differ for a large or small company? 5.
Consolidation
necessary to improve access to capital 6.
What
is the financing strategy for the ship owner? 7.
What
are the investment criteria for the shipowners to order a new ship? 8.
Are
shipowners fully depending on their charterers for their investment
decisions? |
09:00
OPENING by the conference chairman John
GUY Partner Merlin
Corporate Communications 09:15 Bastiaan J. VAN DER VEGTE Member
Executive Committee NIB
Capital Bank NV What is the Price of Money in Shipping Today? 09:30 Chris
WILLIAMS Director
Corporate Finance Graig
Shipping Plc (UK) The credit crunch 09:45 George
ECONOMOU Chief
Executive Officer Drytank
AS Reflections of a private shipping company on the use of bank and
public debt. 10:00 Erling
F. Sørhaug Vice
President & CFO Jahre
Dahl Bergesen AS/Thor Dahl Shipping AS Shipmanagement,
Ship-owning and shipinvestments
From a small company’s perspective 10:15 Discussion 10:45 Break
hosted by TradeWinds |
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Van der
Giessen-de Noord Shipbuilding Division BV
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SESSION 2
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Changing Face of
Financing |
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1.
Developments
in bank market 2.
What
have the capital market to offer after the high yield bonds disaster? 3.
Access
for public equity for shipowners, available for all or for the lucky ones
only 4.
Access
for private equity for ship owners? 5.
Loans
bank debt 6.
Will
shipowners have to review their current financing? 7.
Growing
importance of ratings 8.
Is
there a credit crunch? And does it differ for a small or large company? |
Session Chairman: Focko H. NAUTA Managing Director FinShip B.V. 11:15 Sander SCHEEPENS Vice President NIB Capital Bank NV Shipping bank: Debt provider
or the missing link to the capital markets?
11:30 Paul LEAND American Marine Advisors, Inc. Trick or Treat: what is in the bag? 11:45 Hild KINDER Shipping analyst Carnegie ASA When to buy shipping shares? 12:00 Erik A. LIND Managing Director - Shipping Europe GATX Capital Risk Capital - a reliable and attractive
source of funding to the shipping industry ? 12:15 Discussion 12:45 Lunch |
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SESSION 3
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Is the Governments Role Changing? |
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1.
Influence
of Tax lease , Tonnage Tax ,structures on Financing 2.
What
can we learn from the USA " Jones Act"? 3.
Implications
/limitations of Government incentives 4.
Subsidies
for yards 5.
The ferry
market, a niche market or a mass market? 6.
A
residual value of 100% of a ten year old ferry, is that possible? 7.
The importance
of a design and a shipyard |
Session
Chair:
Rolf
SAETHER
Director General
Norwegian Shipowners'
Association
14:00 Chris PEETERS
Chairman
Policy Research Corporation
N.V., Belgium
European Policy Framework for Ship Financing
14:15 Richard GREINER
Research
Director Shipping Industries Group
Moore Stephens, UK
An Overview
of Tonnage Tax Regimes
14:30 Fred BUSKER
Chairman
Netherlands’ Shipbuilders
Industry Association
Level Playing Field for Yards
14:45 Klas BROGREN
Editor-in-Chief
ShipPax Information, Sweden
Financing
For Ferry Future
15:00 discussion
15:30 break hosted by TradeWinds |
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SESSION 4
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Changing Face of Risk Transfer |
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1.
What
is the influence of credit enhancement protections? 2.
Financial
engineering may be necessary 3.
Are
alternative risk transfer solutions only a theory? 4.
What
can we expect from Capital structure enhancements? 5.
What
is the impact of Swaps and other derivates on Finance structures? 6.
Current
and future impact of E-commerce 7.
New
Capital structures in view of security and other legal aspects 8.
Is the
insurance market ready for all these proposed changes? 9.
What
is the impact of quality on new financing structures? 10.
How
useful are freight derivatives to improve financing structures? 11.
What
influence will the convergence of Insurance and Banking (Capital Markets)
have on shipfinance and if so what are the limitations? |
Session Chair: 16:00
Henk KOX Managing
Director NCM
Marine, The Netherlands Credit Risk Transfer 16:20 Cees van der SLIKKE Executive Director AON
Marine Global Practices Marine Finance Insurance Effective or Essential? 16:40 Tom
Even MORTENSEN Managing
Director International
Maritime Exchange (IMAREX) Impact of growing freight derivatives
markets for shipping companies 17:00 discussion 17:30 Wrap up and conclusions John
GUY Conference Chairman Partner, Merlin Corporate Communications, U.K. 17:30 End 19:00 Conference
Dinner hosted by |
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