Mare Forum ShipFinance 2004 

Shipowners vs. Capital Providers
- A TANGO FOR TWO -

Friday 29 October 2004
Grand Hotel Krasnapolsky - Amsterdam

Mare Forum Shipfinance 2004, set for Amsterdam, Friday 29 October 2004, will take the spirit and backing built up over the last three successful events and deliver a day guaranteed to excite, disturb, please and pay dividends for everyone. No long speeches, no advertising, no posing by the panel. Instead real people, real topics, real participation. With sessions geared to address the current issues in true Mare Forum style, at Mare Forum Shipfinance 2004 you will have the opportunity to participate in sessions on topics like:         Thursday 28 October     18:00   WELCOME RECEPTION, MARE FORUM SHIPFINANCE 2004 & FAREWELL RECEPTION INTERTANKO’S EXECUTIVE COMMITTEE AND COUNCIL MEETINGS HOSTED BY         Friday 29 October     08:00 Registration 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   STEPHEN VAN DYCK Chairman of INTERTANKO Chairman, Maritrans Inc.     09:15 JAAP KALVERKAMP Director of Global Shipping Fortis Bank   09:20 PERCEPTIONS Emmanuel Vordonis Executive Director Thenamaris Ships Management Inc     session 1 Emerging and Shipping Markets Forecast: The World Beyond China!! What about India? Changing Global Commodity Trade and Shipping Patterns Liquid Bulk Dry Bulk Containers The Future of Containerships: the big, the bad and the ugly   09:30   Changing Global Commodity Trade and Shipping Patterns FRANS Cornelissen Senior Vice President, Head Structured Inventory Products ABN AMRO Bank     09:40   What about India? SANJAY MEHTA Managing Director & CEO, Essar Shipping Ltd. India     09:50   … and how about China? ZHANG JING Research COSCO, Bejing China     10:00   Shipping Markets Forecasts: Liquid Bulk Nicolai Hansteen Chief Economist, Lorentzen & Stemoco     10:10   Shipping Markets Forecasts: Dry Bulk PETER KERR-DINEEN Chairman, Howe Robinson Shipbrokers London     10:20   Shipping Markets Forecasts: Containers Nick HUBBARD Howe Robinson Shipbrokers London   10:30   The Future of Containerships: the big, the bad and the ugly DR HANS PAYER External Affairs Advisor, Germanischer Lloyd, Germany     10:40   discussion between speakers & audience participants     11:10   Break           11:40   session 2   Long Term Financing of Cargo Movements – Optimisation: Synergy between Owners-Charterers-Capital Providers• How can charterers protect themselves against sudden upswings in rates?   • How can shipowners protect themselves when the market moves the other way? • What are the best mechanisms for financing the needs of a trade? • Spot, Time Charters, Coas & Derivatives: Status Quo or Fresh Ideas? • Should banks and end users be working more closely, to create win-win partnerships that endure? Is that realistic? • Examples of successful long term arrangements. • Can derivatives do the job? • Is there really a role for the Baltic Exchange and other futures markets in shipping? • Should shipping banks be involved in futures and derivatives? • A comparative review of alternative methods of ship finance: banks, bonds, KGs KS, stock markets etc.     11:40   IAIN SHAW Managing Director, Braemar Seascope     11:50   FILIP BECKERS Transport Procurement Manager, Masterfoods     12:00   TOM EVEN MORTENSEN Managing Director, IMAREX     12:10   HUGH BAKER Director, ING BANK   12:20   Jeremy Penn Chief Executive, Baltic Exchange     12:30   Debate between speakers discussion-panelists and audience participants         discussion panelists:         HERMAN MARKS Commercial Director, Vroon BV STEFANO ROSINA President, Premuda KATHLEEN HAINES CFO, OMI Corporation PETER KERR-DINEEN Chairman, Baltic Exchange   12:50 LUNCH 14:10   session 3   Shipping Investment Forum; A Global Positioning System for Shipping Investment: Guiding Investors to a Profitable Destination • What ROCE should you expect from a listed shipping company? • Has the market changed for ever - will they pay more than NAV for shipping stock? • Are there shipping companies big enough to be taken seriously on the stock markets? • If Oslo and Athens have the shipping interests and New York has the money, where should you list a shipping company? • Is there a growing appetite for listed shipping companies, and what do investors actually hunger for? • Diversification and alternative investment opportunities in the energy sectors • Consolidation vs. diversification   14:10   KATHLEEN HAINES CFO, OMI Corporation     14:20   REIDAR BREKKE Managing Director, Poten Capital Services, LLC     14:30   ANTHONY ARGYROPOULOS Managing Director, Transport Capital Markets DZ Financial Markets LLC     14:40   SPEAKER TO BE ANNOUNCED     14:50   Debate between speakers discussion-panelists and audience participants     discussion panelists:     PAUL LEAND CEO, American Marine Advisors PAUL SLATER Chairman, First International Corp. BOTE DE VRIES Head of Investment Management and agent of Navigation Finance Corporation and Deucalion Aviation Funds, DVB Bank ULF HOLLANDER CFO, MPC Capital     15:20   Break     15:50   session 4   A Pantheon of Shipping Banks: An examination of the differences of culture, and differences of structure /law/practice between banks within a given area and between banks from different areas Is it easier to borrow money for specific types of project in one place or another? Do you have to be a Norwegian to be comfy with a Norwegian bank? What differences in law and practice are there between the major lending jurisdictions? Which legal system is applied most often: British, American, Dutch or Norwegian, and what are the advantages/disadvantages of each? Do rates vary between countries and across borders? Do Dutch customers get a better deal from Dutch banks? Should shipping ditch the US dollar and switch to the Euro? What role can Class play in helping banks to assess risk?   15:50   What role can Class play in helping banks to assess risk? UGO SALERNO CEO, RINA     16:00   Results poll on owners vs. shipping banks JOHN GUY Conference Chairman     16:10   Debate between panelists and audience participants       discussion panelists:         JAAP KALVERKAMP Director of Global Shipping Fortis Bank PETER BERGMAN Director, Global Shipping Group, ING Bank DAGFINN LUNDE Member of the Board of DVB Bank and CEO of the Shipping Division INGMAR LOGES Director Vereins - und Westbank AG ADRIAAN AARTS Head of Shipping Group Rotterdam, ABN AMRO BANK TACO VAN DER MAST Member of the Managing Board and Managing Director NIB CAPITAL BANK WILLIAM GALLAGHER President International Registries, USA KLAUS PIEPER General Director, Deutsche Schiffsbank, Germany CHRISTIAN NIESWANDT Head of International Clients, HSH Nordbank AG, Germany     16:50   session 5   Extra! Extra! Do Tanker Owners Get the Ship Finance They Deserve?     16:50   CESARE D'AMICO CEO, d'Amico di Navigazione     17:00 General Discussion 17:40 …and they lived happily ever after     John GUY Partner, Merlin Corporate Communications Conference Chairman   18:00   RECEPTION HOSTED BY INTERNATIONAL REGISTRIES WILLIAM GALLAGHER President International Registries, USA   19:30   DINNER hosted by ABN AMRO Bank, NIB CAPITAL Bank, FORTIS Bank, ING Bank, DVB Bank, MARE FORUM DAGFINN LUNDE Member of the Board of DVB Bank and CEO of the Shipping Division

Intertanko INTERTANKO will be holding its Executive Committee and Council Meetings (27-28 October) back to back with Mare Forum, and the conference content will reflect the high level and quality of input from the tanker owners present.

Not so much a conference, more a controlled argument flowing along on a river of fun. If you are interested in money, ships and how they match up, be there.

The Speakers

STEPHEN VAN DYCK
Chairman of INTERTANKO & Chairman, Maritrans Inc.
KATHLEEN HAINES
CFO, OMI Corporation
SanjaY Mehta
Managing Director & CEO, Essar Shipping Ltd., India
Cesare d'Amico
CEO, d'Amico di Navigazione
STEFANO ROSINA
President, Premuda
HERMAN MARKS
Commercial Director, Vroon BV
AART KORTELAND
Chairman, Royal Association of Netherlands’ Shipowners
ZHANG JING
Research COSCO, Bejing China
PRABHAT VIRA
Global Head of Commodity Finance of ABN AMRO Bank
REIDAR BREKKE
Managing Director, Poten Capital Services, LLC
Nick HUBBARD
Howe Robinson Shipbrokers London
FILIP BECKERS
Transport Procurement Manager, Masterfoods
IAIN SHAW
Managing Director, Braemar Seascope
Nicolai Hansteen
Chief Economist, Lorentzen & Stemoco
TOM EVEN MORTENSEN
Managing Director, IMAREX
HUGH BAKER
Director, ING BANK
ANTHONY ARGYROPOULOS
Managing Director, Transport Capital Markets, DZ Financial Markets LLC
HILD KINDER
Carnegie ASA
ULF HOLLANDER
CFO, MPC Capital
PAUL SLATER
Chairman, First International Corp
BOTE DE VRIES
Head of Investment Management and agent of Navigation Finance
Corporation and Deucalion Aviation Funds, DVB Bank
UGO SALERNO
CEO, RINA
JAAP KALVERKAMP
Director of Global Shipping Fortis Bank
TACO VAN DER MAST
Member of the Managing Board and Managing Director NIB CAPITAL BANK
PETER BERGMAN
Director, Global Shipping Group, ING Bank
DAGFINN LUNDE
Member of the Board of DVB Bank and CEO of the Shipping Division
William Gallagher
President International Registries, USA
ADRIAAN AERTS
Head of Shipping Group Rotterdam, ABN AMRO BANK
INGMAR LOGES
Director Vereins - und Westbank AG
JOHN GUY
Partner, Merlin Corporate Communications
HANS PAYER
External Affairs Advisor, Germanischer Lloyd, Germany
PAUL LEAND
CEO, American Marine Advisors
KLAUS PIEPER
General Director, Deutsche Schiffsbank
CHRISTIAN NIESWANDT
Head of International Clients, HSH Nordbank AG, Germany

and more to come...

The Conference Committee:

Jannis KOSTOULAS
Managing Director, Mare Forum

Hugo MODDERMAN
DVB Bank N.V.

Gust BIESBROECK
Deputy Director Global Shipping, Fortis Bank

Peter BERGMAN
Director Global Shipping Group, ING Bank

Bart VELDHUIZEN
Associate Director Shipping Department NIB Capital Bank

Paul AERTS
Shipping Group Rotterdam, ABN AMRO Bank N.V.

Anders BAARDVIK
Executive Manager INTERTANKO

John GUY
Conference Chairman & Partner, Merlin Corporate Communications