Shipping Markets: Key Drivers and Critical Success Factors Program

8:30

Welcome – Peter Lorange

Wrap-Up of Day 1 – Arlie Sterling

8:45 to 10:15

Investments in Shipping

•  Historical Performance
•  Risk/Return Summary
•  Current Situation
•  Cycle Management Strategy
•  Debt Capacity

How do you re-assess your strategy in a down-turn with:

•  2nd hand values falling
•  Value of contracts declining
•  Cost-of-capital rising

10:30 to 12:00

How do you organize the shipping
company for both cycle management
(in/out, long/short, asset play) and operations?

Shipbuilding & Ship Finance

•  Where are newbuilding prices headed?
•  What new niches are opening up?
•  Where will the financing come from?

12:00 to 1:15

Lunch

Lunch

1:30 to 3:00

Trade: Macro Outlook and China Focus

•  Steel Consumption & Ore Demand
•  Changing Structure of Ore Market
•  Autos and Chinese Oil Demand
•  Oil Market and Oil Price
•  Drivers of Containerized Demand
•  Role of Housing Markets

How do you organize for effective cycle management, industrial continuity and niche market protection?

3:15 to 4:45

How do you develop niche strategies - to develop "distance" from the cycles?

Market Scenarios & Investments Review
(including risk measurement and portfolio considerations)

5:00 to 6:00

Outside Speaker

Outside Speaker