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Following the success of the 1st Marine Investments Financing Forum,MIFF 2001 What is the Price of Money in Shipping Today?, (2001, in Amsterdam), Mare Forum has decided to go ahead with the 2nd edition of the conference in 2002. 

Marine Investments Financing Forum  2002 is entitled
Shipowners vs. Capital Providers:
- A Tango for Two -
and this time around considers how capital providers can fulfill shipowners needs today and in days to come.
 

MIFF 2002 is set for Thursday October 31st 2002, once again in the heart of Amsterdam at The Grand Hotel.

Our conference chairman will be the inimitable Mr. John Guy of Merlin Corporate Communications, and our main sponsors are the biggest and the best of Dutch ship finance, DVB Nedship Bank, NIB Capital, Fortis Bank and ING Bank. If the unusual fact that these highly competitive institutes of finance agreed to come together at MIFF 2002 isn’t enough to convince you to attend?

This conference will address and debate the question: 
H
ow capital providers can fulfill shipowners needs today and in days to come?

Marine Investments Financing Forum  2002: will stand apart from other financing seminars through its format, content and through the level and degree of interactivity between the participants. Like all Mare Forum conferences, the ultimate goal of the conference  is to provide a true forum where all participants are invited to take part in the discussion periods after every panel of high profile speakers has spoken directly to the issues.

We are looking forward to welcoming you to Amsterdam, to the  
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
?
and wish you success during the conference.

conference committee:

Jannis KOSTOULAS
Managing Director, Mare Forum

Hugo MODDERMAN 
DVB Nedship Bank N.V.
Gust BIESBROECK 
Deputy Director Global Shipping, Fortis Bank
Rob HEIJLIGER 
Global Head of Shipping ING Bank
Peter BERGMAN
VP Shipping Department NIB Capital Bank N.V
.
Alex VAN DEN DOEL,
Senior Consultant Risk Finance AON, Netherlands


 The Speakers

Dimitris Procopiou
CEO, Centrofin Management Inc.

Torstein HAGEN
CEO, Viking River Cruises AG 
Coco VROON
Managing Director, Vroon B.V.
Carl Erik Haavaldsen
President, Benor Tankers
Peter GOODFELLOW

President & CEO STELMAR Shipping Ltd

Rick van WESTENBRUGGE

Managing Director Jo Tankers

Alfred HARTMANN

CEO Hartmann Reederei

Paolo CLERICI

Chairman & CEO Coeclerici SpA

George PATAKOS

CEO, George N. Patakos Associates Ltd
Jacco SMIT,

Director Treasury
P&O Nedlloyd
Kristian SIEM
Chairman, Siem Industries Inc
Aart KORTELAND

Chairman Royal Association of
Netherlands Shipowners 
Bert Jan VOLBEDA

Head Shipping & Logistics NIB Capital
Bank NV
Rob HEIJLIGER

Global Head of Shipping ING Bank
Hugo MODDERMAN
DVB Nedship Bank N.V.

Jaap KALVERKAMP

Director, Global Shipping Group FORTIS Bank N.V.
Ulf Hollδnder
CFO, MPC Capital

Anthony ARGYROPOULOS

Senior Vice President - Corporate Finance Jefferies & Co., Inc

Nicholas P. Daifotis
Managing Director and Head of High Yield Capital Markets & Origination
Royal Bank of
Canada

Torsten TEICHERT
Director Lloyd Fonds,
Hamburg
Paul LEAND

Vice President American Marine Advisors,
USA
Lambros PAPAECONOMOU
,
Director- Freight derivatives Mallory Jones Lynch Flynn & Associated

Tom Even MORTENSEN

Managing Director International Maritime Exchange (IMAREX)

Alex VAN DEN DOEL

Senior Consultant Risk Finance AON
Netherlands
Erling NAPER

Managing Director Guarantee Institute for Export Credits, Norway

John ARPEL

Principal Allianz Risk Transfer

Gust BIESBROECK

Deputy Director Global Shipping, Fortis Bank

Peter BERGMAN

VP Shipping Department NIB Capital Bank NV 

Gerard MOUSSAULT

Managing Partner, Van Doorne
Ms Hild KINDER

Shipping Analyst Carnegie ASA 

John GUY

Partner Merlin Corporate Communications (Conference Chairman)
 
Martin Stopford
Managing Director, Clarksons Research

and others....



THE CONFERENCE THEMES
THURSDAY 31st OCTOBER 2002
THE GRAND HOTEL. AMSTERDAM – THE NETHERLANDS


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

TOPICS
• Is there any basic economic value in shipping? The myth and the truth;
• Change from asset provider to logistics provider and the impact it should have on risk perception;
• Impact of Basle II according to a shipowner;
• The threat of shrinking availability of banking debt, who will benefit and who won't
• Change of attitude in the banking market towards club deals, a threat to shipowners?;
• Do 100% underwritings pay off or are well structured and timely best effort deals more attractive?;
• Is quality shipping and excellence of management rewarded sufficiently by banks? What other significant aspects are bankers overlooking?;
• The perceived threat of older tonnage;
• What risk mitigating aspects are bankers overlooking, and should these be rewarded?;
• Quality and transparency - who pays the costs?

Session 1: Part 2 
Owners' Requirements:
Do public / private equity provide an attractive source of Funds to Shipowners?

TOPICS
• Creating third party shareholder value;
• Are return requirements of the capital markets realistic given the historic performance of shipping companies?;
• Disadvantages of being public;
• Threats of unfriendly takeovers;
• Private equity vs. public equity;
• Necessary changes in shipping companies to become more attractive to the capital market and how to achieve this;
• Why should small cap companies historically generating low IRR's be attractive to big gorilla investors;
Lunch

Session 2: Part 1
Perspective of Capital Providers:
Making profitable returns in a changing environment: What challenges do banks face?

TOPICS
• The role of intermediary between shipowner and institutional markets;
• Changing senior debt environment due to Basle II, RAROC focus plus changing underwriting/syndication strategies;
• Private equity combined with senior debt;
• The increasing use of credit ratings in shipping transactions

Session 2 : Part 2
The Window of Capital Markets and its Attractiveness to Shipowners

TOPICS
• Is there ever any correlation between opening of equity windows and the shipping cycle?;
• What opens equity windows (further);
• What type of companies qualify for capital market related transactions;
• Attractiveness of debt related capital market products and how they benefit shipowners;
• The role of private equity today and the current increase of private equity funds;

Session 3
Are There Risk Transfer Solutions for Ship Finance?

TOPICS
• How does it work, when is it used;
• In what can derivatives bring value added for ship finance;
• In what way can insurance companies bring added value for ship finance;
• What is the capacity and the price?
• Can it be used for Credit Enhancement ,Project Finance, Leasing?
• How large is the market and what are the main requirements to get it more heavily used;
• What is the potential of using it for structured transactions (mitigator for cash flow risk);
• Can Credit Underwriters deliver substantial value added for Ship Financing?
Reception & Dinner

The final programme and more information will be posted on the site by September 10th 2002
 

Information:
kostoulas@mareforum.com
 

MARE FORUM
Beurs - World Trade Center
P.O. Box 30027
3001 DA Rotterdam
The Netherlands

Email:

info@mareforum.com

Phone:

+31.10.205 74 55

Fax:

+31.10.205 56 55

 



THE CONFERENCE THEMES
THURSDAY 31st OCTOBER 2002
THE GRAND HOTEL. AMSTERDAM – THE NETHERLANDS


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

TOPICS
• Is there any basic economic value in shipping? The myth and the truth;
• Change from asset provider to logistics provider and the impact it should have on risk perception;
• Impact of Basle II according to a shipowner;
• The threat of shrinking availability of banking debt, who will benefit and who won't
• Change of attitude in the banking market towards club deals, a threat to shipowners?;
• Do 100% underwritings pay off or are well structured and timely best effort deals more attractive?;
• Is quality shipping and excellence of management rewarded sufficiently by banks? What other significant aspects are bankers overlooking?;
• The perceived threat of older tonnage;
• What risk mitigating aspects are bankers overlooking, and should these be rewarded?;
• Quality and transparency - who pays the costs?

Session 1: Part 2 
Owners' Requirements:
Do public / private equity provide an attractive source of Funds to Shipowners?

TOPICS
• Creating third party shareholder value;
• Are return requirements of the capital markets realistic given the historic performance of shipping companies?;
• Disadvantages of being public;
• Threats of unfriendly takeovers;
• Private equity vs. public equity;
• Necessary changes in shipping companies to become more attractive to the capital market and how to achieve this;
• Why should small cap companies historically generating low IRR's be attractive to big gorilla investors;
Lunch

Session 2: Part 1
Perspective of Capital Providers:
Making profitable returns in a changing environment: What challenges do banks face?

TOPICS
• The role of intermediary between shipowner and institutional markets;
• Changing senior debt environment due to Basle II, RAROC focus plus changing underwriting/syndication strategies;
• Private equity combined with senior debt;
• The increasing use of credit ratings in shipping transactions

Session 2 : Part 2
The Window of Capital Markets and its Attractiveness to Shipowners

TOPICS
• Is there ever any correlation between opening of equity windows and the shipping cycle?;
• What opens equity windows (further);
• What type of companies qualify for capital market related transactions;
• Attractiveness of debt related capital market products and how they benefit shipowners;
• The role of private equity today and the current increase of private equity funds;

Session 3
Are There Risk Transfer Solutions for Ship Finance?

TOPICS
• How does it work, when is it used;
• In what can derivatives bring value added for ship finance;
• In what way can insurance companies bring added value for ship finance;
• What is the capacity and the price?
• Can it be used for Credit Enhancement ,Project Finance, Leasing?
• How large is the market and what are the main requirements to get it more heavily used;
• What is the potential of using it for structured transactions (mitigator for cash flow risk);
• Can Credit Underwriters deliver substantial value added for Ship Financing?
Reception & Dinner

The final programme and more information will be posted on the site by September 10th 2002
 

Information:
kostoulas@mareforum.com
 

MARE FORUM
Beurs - World Trade Center
P.O. Box 30027
3001 DA Rotterdam
The Netherlands

Email:

info@mareforum.com

Phone:

+31.10.205 74 55

Fax:

+31.10.205 56 55

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